The firm should decrease the amount of capital used.
Solution:
The wage rate is $12 per hour and capital is rented at $8 per hour.
The marginal product of labour is 45 units of output per hour and the marginal product of capital is 65 units of output per hour.
A manager hires labour and rents capital equipment in a very competitive
market.
The ratio of marginal product of labour and wage rate
= 
= 3.75
The ratio of marginal product of capital and rent
= 
= 8.125
If the cost ratio is higher, it means that the boss must minimize the volume of money involved in the manufacturing process.
Here are some of the reasons why the Mongols were so successful as conquerors:
1 they had Genghis Khan - he was a military genius who managed to train his army well and lead them into many battles
2 they were numerous - there were over 10,000 people in the Mongolian army
3 their military strategists were quite crafty - they relied on setting traps and tricking their enemies
4 they used cruelty and fear - everyone was afraid of the Mongols and what they would do to them if they caught them
Answer:
Make-A-Wish foundation
Earth hours
Explanation:
make a wish donates money and necessities
earth hours supports australian environment protection
Answer: $22637.98
Explanation:
Based on the information given in the question, the equivalent annual cost of the tool will be calculated as:
We first calculate the present value which will be:
= 10000 + 20000/(1+.10) + 20000/(1+.10)^2 + 20000/(1+.10)^3 + 20000/(1+.10)^4 + 20000/(1+.10)^5
= $85815.74
The the equivalent annual cost will be:
= Present Value/PVIFA(10%,5)
= 85815.74/3.7908
= $22637.98
