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BARSIC [14]
3 years ago
14

The marginal rate of technical substitution: A. equals the marginal product of capital times the marginal product of labor. B. i

s the horizontal distance between two isoquants. C. measures the rate at which marginal product declines as inputs are increased. D. measures the degree to which one input can be substituted for another, output held constant.
Business
1 answer:
Luba_88 [7]3 years ago
7 0

Answer:

D. measures the degree to which one input can be substituted for another, output held constant.

Explanation:

Marginal Rate of Technical Substitution is the rate at which producer gives up one input, in exchange of other input, maintaining the same output level.

So implicatively, it denotes the degree to which one input can be substituted for another, output held constant.

MRTS (K,L) = MP L / MP K = w / r  ; Where :-

K = Capital, L = Labour, MP L = Marginal Productivity of Labour, MP K = Marginal Productivity of Capital, w = Wages, r = Rent

MRTS is diminishing, because of decreasing marginal productivities of factor inputs.

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C. What you earn on this security would not change as a result of the change in interest rates.

Explanation:

The increase in the interest rate will decrease the price of the T-Bill if you want to sell it to another investor, but what you will earn with the security will not change at all. Your earnings in dollars = interest rate paid by the T-Bill or any other type of bond.

If you buy and sell securities for a living, then a change in the interest rates can make you win or lose money, since the price of the securities will increase or decrease. If interest rates increase, the price decreases. But if you invest on a security to earn the coupon or interest rate that it pays, a change in the price will not affect you because you already own it. The opportunity cost of holding the security might change, but the accounting revenues will not.  

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3 years ago
What is income not used for consumption called?
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On June 1 of Year 1, a company paid $2,400 cash to rent office space for one year beginning immediately. Based solely on this in
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With an assumption that the company's accounting year is same as the calender year, the income statement would show $1,000 of rent expense.

<h3>What is an income statement?</h3>

An income statement refers to a financial statement that shows a firm's income and expenditures for an accounting year.

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Rent expenses = $200 per month

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In conclusion, with an assumption that the company's accounting year is same as the calendar year, the income statement would show $1,000 of rent expense.

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