Answer:
Method 1 should be chose, since it is still the cheapest if labor cost rises to $200/unit.
Explanation:
Total Cost = ( units * labor costs) + (capital cost * units of labor)
Total Cost for Method 1 : (50 * 100) + (10*400)
= $9,000
Total Cost for Method 2 : (20 * 100) + (40*400)
= $18,000
Total Cost for Method 3 : (10 * 100) + (70*400)
= $29,000
If the price of labor rises to $200 then:
Total Cost for Method 1 : (50 * 200) + (10*400)
= $14,000
Total Cost for Method 2 : (20 * 200) + (40*400)
= $20,000
Total Cost for Method 3 : (10 * 200) + (70*400)
= $30,000
Answer:
A. (1 – s)y.
Explanation:
Solow growth model describes how saving, population growth, and technological change affect output over time and describes changes in the economy over time.
In the Solow growth model, where s is the saving rate, y is output per worker, and i is investment per worker, consumption per worker (c) equals:(1 – s)y
Answer:
We are involved in the game of economics when we spend or receive money..
Explanation:
The economy is determined by the movement of money by individuals, groups or corporations.
The answer to this question is the letter "A" Cumulative Preferred Stockholders.
The cumulative preferred stockholders are paid on par value and not on the sales price. The dividends in arrears occur when the company does not pay dividends to cumulative preferred stockholders.
