Answer:
C. optimal capital labor ratio remains the same
Explanation:
One pilot for each plane implies A = B
Let cost be C
So, isocost line is xA + rB = C
So, xA + yA = C (as L = K)
So, (x+y)A = C
So, A = C/(x+y) =B
Optimal capital labor ratio = B/A = 1 as B =A
Now, wage rate increases to x'
So, isocost line is x'A + yB = C
So, x'A + yA = C (as A = B)
So, (x'+y)A = C
So, A = C/(x'+y) = B
New optimal capital labor ratio =B/A = 1 as B = A
Thus, optimal capital labor ratio remains same because capital (planes) and labor (pilots) are used in fixed proportion.
Thus the answer is
C. optimal capital labor ratio remains the same
Answer:
$304,720
Explanation:
According to the IRS, qualified principal residence indebtedness may include:
1) Debt incurred in order to purchase, build or improve your house or main residence, and the debt is secured by the house or principal residence (mortgage).
Or
2) Any house debt in (1) that is refinanced in order to improve, build or purchase something of your house or principal residence, e.g. you refinance your mortgage in order to build a swimming pool. The loan balance cannot exceed the original mortgage.
A fishing boat is not considered a home improvement, so the equity loan is not considered qualified residence indebtedness.
Answer:
A. That's the point where total revenue is maximized
Explanation:
Demand Curve is a downward sloping curve representing inverse relationship between price & quantity demanded.
Elasticity of Demand is the responsiveness of quantity demanded to price change. It can be measured geometrically on a demand curve point by :
Demand curve segment below the point / Demand curve segment above the point.
This way the elasticity keeps on decreasing as we move downwards on the demand curve [Ed=∞ to Ed >1 to Ed = 1 to Ed < 1 to Ed = 0] i.e [from perfectly elastic to elastic to unitary elastic to inelastic to perfectly inelastic demand].
If Demand is Elastic [Ed >1] : There is negative relationship between price and Total Revenue. This point is on the upper segment of demand curve as per geometric method, P- TR negative relationship implies that TR can be increased by decreasing Price.
If Demand is Inelastic [Ed <1] : There is positive relationship between price &total revenue. This point is on the lower segment of demand curve as per geometric method, P-TR positive relationship implies that TR can be increased by increasing price.
So: The best Total Revenue Maximising point is on the middle of demand curve where demand is unitary elastic [Ed=1] - as any other deviation from this point would create an incentive to change price to generate higher revenue.
Answer:
D. The auditor should assess the risks of material mis-statement due to fraud.
Explanation:
At the time of auditor visit in a company the financial statement represent that the company has done the fraud in this scenario, the auditor should analyze the material misstatement risk that is done for fraud
Therefore in the given case, the option D is correct as the auditor responsibility is that he or she should analyze the risk with respect to the false statements presented in the financial statement
<span>Cosmetic products will easily lose intended efficacy if exposed
to unsuitable climate like high temperature or sunlight. To think they are used for the skin and pricey, the products should be safe and not harmful.
Therefore, they should meet the standard
safety requirements. </span>
