Answer: Capital should be increased in the production process.
Explanation:
We should note that based on rule of cost minimization, the quantity of capital and labor that's employee by a firm should be one where the MRTS i.e marginal rate of technical substitution between the capital and labor is equal to the wage rental ratio. Therefore,
MRTS = w/r
MPl/MPk = w/r
MPl/w = MPk/r
45/9 < 60/10
5 < 6
Since the ratio isn't equal, it simply means that the firm isn't using optimum mix of inputs. Based on the above, capital should be increased.
Answer:
Conflict
Explanation:
Please refer below the complete question, there were following options
functionalist
conflict
symbolic interactionist
agrarian
I would say “C” correct me if I’m wrong
Answer:
The contribution margin ratio will increase.
Explanation:
Giving the following information:
BrewCo sells coffeemakers for $120 each. The firm currently has variable costs per unit of $65. BrewCo can reduce its variable cost per unit to $58.
Contribution margin ratio= (selling price - unitary variable cost)/selling price
New Contribution margin ratio= (120 - 58)/120= 0.52
Old Contribution margin ratio= (120 - 65)/120= 0.46
I read the summary of these cases, based on what I understand, even though both contracts were based on illegalities, they were still enforceable because they were done under extreme circumstances.
The motive for going into contract was to save the family's well-being. Had the circumstances been favorable for both parties, they would not have agreed on such contract.
