Answer: D. All of the above are correct.
Explanation:
The marginal rate of technical substitution (MRTS) refers to the economic theory which explains the rate at which a particular factor of production must reduce in order for the same level of productivity to be maintained when there's another production factor which is increased.
When the capital is plotted on the vertical axis and labor is plotted along the horizontal axis, then the marginal rate of technical substitution of labor for capital along a convex isoquant will reduce as more and more labor is used. Also, the MRTS equals the negative of the slope of the isoquant and equals the marginal product of labor divided by the marginal product of capital that's MRTSL,K=-MPL/MPK
Therefore, the correct option is All of the above.
The answer is Credit references. A credit reference is a data, the name of an individual, or the name of an association that can give insights around a person's past reputation with credit. FICO score offices give credit references to organizations while credit authorities give credit references to people.
Answer:
Structural unemployment
Explanation:
Structural unemployment arises when workers are unable to find work because their skills do not match market requirements. Structural unemployment cans result from changes in technology or unavailability of job openings that match the skills possessed by the unemployed population.
Juan's skills are irrelevant in the industry. No employer will be interested in her with her current training. For Juan to find work, she needs to learn new skills.
Answer:
The correct answer is a) The economy moves from a boom to a recession
Explanation:
The fiscal policy used by the federal reserve is the use of government spending and tax policies to contract or expand the economy.
If the Federal Reserve of the United States increases the interest rates it carries a contract policy of the economy. It is used to reduce the inflation and the economy moves from a boom to a recession
Answer:
The supply of tortillas decreased
Explanation:
