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Elenna [48]
3 years ago
6

You are an efficiency expert hired by a manufacturing firm that uses K and L as inputs. The firm produces and sells a given outp

ut. If w = $40, r = $100, MPL = 4, and MPK = 40 the firm:_______
A) is cost minimizing.
B) should use less L and more K to cost minimize.
C) should use more K and less L to cost minimize.
D) is profit maximizing but not cost minimizing.
Business
1 answer:
Roman55 [17]3 years ago
3 0

Answer:

Option C is correct

Explanation:

For equilibrium condition to apply

MPl/w = MPK/r where mpl=4, MPK = 40 and r= 100

That is dollar spent on capital Change in output should be equal to change in out put for extra dollar spent on labour.

So therefore:

4/40 = 4/100

Since average return from capital is more so firm needs more capital and less labour to meet equilibrium condition that is MPL/w is equal to MPK/r.

Option C is the right one

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Your team is understaffed and experiencing a very heavy call load when a customer tells you that she wants something done right
steposvetlana [31]

Answer:

It is imperative to let the customer who is in a hurry that, just like her, all the clients in the store want their orders to be processed the fastest possible but, she must respect the clients who came earlier than her so we can make sure everybody in the store is treated the same. It is not suitable to mention the customer that the store is understaffed since this may be a reason for them to start claiming why more employees are not being hired.

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4 years ago
A successful retailer offering both physical and online retailing seamlessly rather than two separate entities can be referred t
omeli [17]

A successful retailer offering both physical and online retailing seamlessly rather than two separate entities can be referred to as Phygital.

<h3>Retailer</h3>

A retailer is a person who sells goods to the public in relatively small portions for consumptions rather than a resale.

Pyhgital is the concept of using technology to bridge the digital world with the physical world with the purpose of providing a unique interactive experience for the users.

Therefore, for a retailer to successfully offer a seamless experience between the physical and online world, Phygital is used.

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3 0
2 years ago
Rents of $750.00 per month on each unit of a 4-plex are current. for an october 16th closing, the rent proration on the settleme
Lady bird [3.3K]

Rents of $750.00 per month on each unit of a 4-plex are current. For an October 16th closing, the rent proration on the settlement statement would be $1,548.38 Credit Buyer & Debit Seller.

-Seller must pay buyer for the days the buyer owns the property, Oct 16 - 31, 16 days. $750 x 4 /31 = $96.77 per day x 16 = $1548.38

<h3>What does it mean to prorate your rent?</h3>

The amount a landlord charges is referred to as "prorated rent" and is only applied to the days the unit is occupied when a resident occupies it for a short period of time (a month, week, day, etc.). Given that daily rates are frequently more expensive, it is based on monthly rates instead than daily rates.

You must first determine the daily rent in order to figure out how much prorated rent will be. Divide the overall rent payment by the number of days in a month to arrive at this. Then double the acquired daily rent amount by the number of days you will be occupying the property during that month.

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5 0
1 year ago
You paid $9,700 for a $10,000 par value Treasury bill maturing in 3 months. What is the holding-period return if you hold the tr
Novay_Z [31]

Answer:

The holding-period return if the treasury bill is held until maturity is:

= $300.

Explanation:

a) Data and Calculations:

Par value of Treasury bill = $10,000

Price paid for the bill =           9,700

Holding-period return =         $300

Maturity period of the bill = 3 months

b) The holding-period return, otherwise called the yield, is the total return earned on the Treasury bill investment during the 3 months that it is held. The holding period is the 3-months time the Treasury bill is held by an investor, which corresponds to the period between the purchase date and sale date of the Treasury bill.

4 0
3 years ago
One year ago, you entered into a futures contract to buy 100,000 euros at a futures contract price of $1.22, with a settlement d
Law Incorporation [45]

Answer:

Profit of $3000

Explanation:

The exchange rate of a future contract is usually fixed at the time when the contract is buy 100,000 euros at a futures contract price of $1.22.

The Value in dollars at the time is: $122,000

At the maturity spot rate of the euro is $1.25.

The value of the contract is: $125,000

The difference:

$125,000-122,000

=$3000.

Since the maturity spot rate is higher, there is a profit of $3000 from speculating with the futures contract.

8 0
3 years ago
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