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zhenek [66]
4 years ago
6

You are currently using three printing presses and five employees to print 100 sales manuals per hour. If the MRTS at this point

is 0.5 (capital is on the vertical axis of the isoquant map), then you would be willing to exchange ________ employees for one more printing press in order to maintain current output.
Business
1 answer:
Naily [24]4 years ago
4 0

Answer:

2 Labor

Explanation:

Given:

Number of capital (Printing machine) input = 3

Number of Labor input = 5

MRTS = 0.5

Additional Capital (Printing machine) = 1

Change in Labor = ?

Computation of change in Labor input:

MRTS = Change in Capital input / Change in Labor input

0.5 = 1 (Additional machine) / Change In Labor input

Change in Labor Input = 1 / 0.5

Change in Labor Input = 2 labor

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7 0
4 years ago
Wooden Shed Company manufactures custom wooden sheds. Some of its costs from the past year​ include:
Ivanshal [37]

Answer:

$373,200

Explanation:

Product cost is derived through the compilation and addition of the cost of direct labor , direct materials and factory overhead involved in the production of an item

Direct cost

Lumber - 80,600

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Roof - 15,500

Freight raw materials - 3,700

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5 0
4 years ago
a) Sixteen years ago your parents opened a saving account in your name and made a lump sum deposit, today the balance of this ac
Sonbull [250]

Answer:

$102,348.034

Explanation:

It is a simple problem of Compound Interest, we have to find the Principle amount invested.

Given:

Future value (F) = $260,000

Rate(R) = 6% = 6/100 = 0.06

Number of years (n) = 16 years

Initial deposit (C) = ?

Calculation:

Future value (F) = C\times (1+R)^n\\Future value (F) = C (1+0.06)^{16}\\260,000 = C(2.54035168)

$260,000/2.54035168 = C

$102,348.034 = C

So, Initial cash Deposit = $102,348.034

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