Answer:
d. the increases in wheat harvested will get smaller and smaller.
Explanation:
A marginal rate of technical substitution (MRTS) can be defined as an economic principle which is typically used to represent the rate at which a factor such as capital must decrease so that the same level or quantity of production is maintained when another factor such as labor is changed (increased).
An isoquant is the slope of a marginal rate of technical substitution (MRTS) which connects the two input factors provided that the level of output or production is the same.
Also, the diminishing marginal rate of technical substitution refers to the decline (fall) in marginal rate of technical substitution (MRTS) along an isoquant that produces the same quantity (level) of output.
When an isoquant has a diminishing marginal rate of technical substitution, the corresponding isoquants are convex to the origin. Thus, the marginal rate of technical substitution (MRTS) would continue to diminish as more of a factor such as capital is used.
If we add successive laborers to work a given amount of land on a wheat farm, eventually the increases in wheat harvested will get smaller and smaller.
Answer:
E. both a and b
Explanation:
Strategic entry deterrence refers to any act that prevents potential market participants from competing in a particular market. Such actions or barriers to entry may include rival capture, product differentiation for extensive product development, capacity building to lower unit costs, and predatory pricing. While many entry barriers can be created, time can also be a barrier to entry because potential marketers are less likely to enter the market if it takes longer to complete the task. they spend and lose their profits over time. Entrance barriers are sometimes considered anti-competitive and may be subject to different competition laws.
One way to block access to the new entrants is to produce products at a lower price than the monopoly level. This not only reduces profitability, but also makes them less attractive to participants, but also means that the current person is more likely to meet market demand and to leave any potential bidder in the market.
The current company has the advantage of being the first carrier, so it can act in a way that it knows will affect the decision of the participant. Assuming incomplete data (ie, the costs of the current firm are known only) can only make assumptions about the cost structure of the participant with price and output levels. Therefore, duty people can use them as a signal to any potential bidder.
An officer trying to strategically hinder access may do so by trying to minimize market entry. Expected revenues depend heavily on the number of customers waiting for the participant - so one way to prevent access is the "shutting-down" consumer.
Answer:
$ 4,748
Explanation:
The depreciation expenses = 
= $ 4748
Generally we have use half year convention for assets that are purchased during the year but here we used the mid quarter as of more than the 40% of the assets are being purchased in last quarter of the year
(it is more than 40%)
Thus we can use the mid quarter mars depreciation rates for the 7 years assets that are purchased this year.
If the choices are the following,
a. The sophisticated city look that reflects his business life.
b. Barefoot and serene tropical decor to reflect the lifestyle he wishes he had.
c. Plain, non-stylized environment, neither city nor tropical, so that he won't be reminded of his conflicts.
d. Redefined traditional look with one or two large tropical accessories.
then, choice (b) is correct. Since he wishes to live on a tropical island, it would be best if the decorating plans fit his wishes. By that, he relieves himself from the stress of city life.
The amount that Cere should report as income tax expense is $84,000.
Income tax expense refers to the amount of taxes owed by a person to the taxing authority.
- The Formula for Income tax expense is Taxable income * Effective tax rate.
<u>Given Information</u>
Taxable income = $280,000
Effective Tax rate = 30%
Income tax expense = $280,000 * 30%
Income tax expense = $84,000
Therefore, the amount that Cere should report as income tax expense is $84,000.
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