Answer: A. the firm could produce 3 more units of output if it increased its use of capital by one unit (holding labor constant).
Explanation:
The Marginal Rate of Technical Substitution(MRTS) is calculated as follows:
= Marginal product of labor / Marginal product of capital
= 1 / 3
Marginal product of labor = 1
Marginal product of capital = 3
This means that if one unit of labor is used, it produces 1 unit of output.
If one unit of capital is used however, it produces 3 units of output.
If a firm therefore used one unit of capital and kept labor constant, it could produce 3 units out output.
Answer:
Total= $98,000
Explanation:
Giving the following information:
You plan on saving for a large home improvement project using the following cash flows: $50,000 today, $25,000 next year, and $10,000 the following year. The account earns a 10% return per year.
We need to use the following formula:
FV= PV*(1+i)^n
FV= 50,000*1.10^2= 60,500
FV= 25,000*1.1= 27,500
FV= 10,000
Total= $98,000
Answer:
they don't really differ, a contact list is justa digital adress book
Explanation:
Answer:
Downward communication
Explanation:
It flows from higher level in organizations to the lower ones
Answer:
The correct answer is C) the cause-‐‑and-‐‑effect and the benefits-‐‑received criteria.
Explanation:
In general, the costs that are collected in the accounts serve three general purposes:
- Provide cost reports to measure utility and evaluate inventory (income statement and balance sheet).
- Offer information for the administrative control of the operations and activities of the company (control reports).
- Provide information to support planning and decision making (analysis and special studies).
Control constitutes the management for the fulfillment of the proposed goals, while cost reduction refers to the effort aimed at achieving a decrease in the levels or magnitude of the costs. The cost of the quality of a product represents the work that requires the identification and administration of the necessary expenditures to maintain an adequate degree of quality, that is, the supervision of compliance with the rules of its design and its specifications.
