1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
ahrayia [7]
3 years ago
12

Explain why the marginal rate of technical substitution is likely to diminish as more and more labor is substituted for capital.

Business
1 answer:
Likurg_2 [28]3 years ago
8 0

Answer: This is because the marginal rate of technical substitution is the ratio of the marginal product of labour to that of capital and for the output to be constant opportunity cost comes in, one input has to be reduced to increase the other input.

Explanation:

The marginal rate of technical substitution (MRTS) shows the amount by which the quantity of an input can be lowered when an extra unit of another input is​ utilized on order for the output to remain constant.

The marginal rate of technical substitution is likely to reduce as more capital is substituted for labor because the marginal rate of technical substitution is the ratio of the marginal product of labour to that of capital and for the output to be constant opportunity cost comes in, one input has to be reduced to increase the other input.

You might be interested in
Evaluate the following statement. "We shouldn’t generalize from what people do in the ultimatum game because $10 is a trivial am
Andru [333]

Answer:

People behavior with lump sum amount:

The experimental evidence shows that people always expect to be treated fairly. When people are treated unfairly, then they will reject the offer regardless of the value of money. Thus, the statement that "should not generalize the evident resulted from $10 experiment. When the size of money is large then people will react differently from the evidence" is false.

4 0
3 years ago
SungSam, Inc. is designing a new digital camcorder that is projected to have the following per-unit costs to manufacture:
Natali5045456 [20]
The answer is B) what is the overall cost to produce a batch of 10,000 camcorders
7 0
3 years ago
The first term of an arithmetic sequence is 10 and its common difference is
-Dominant- [34]

Answer:

The first term of an arithmetic sequence is 10 and its common difference is

negative seven.  What is the fourth term of the sequence?

The fourth term is -11

Explanation:

a.p= a1 + (n-1)d

a.p= 10+ (4-1) -7

a.p= 10 + (3) -7

a.p= 10 - 21

= -11

a1= first term

n= nth term

d= difference

3 0
3 years ago
AllSpice Incorporated plans to do business with a company located in the Leone Republic, a common law country. The companies hav
Cerrena [4.2K]

The contract must be very detailed and should include all the contingencies spelled out in it.

<u>Explanation:</u>

Contract is a document that is made between two or more than two parties who have come in to an agreement with each other over a particular thing. The contract might be a business contract that the parties make which should have the proportion of profit and liabilities of the business that is to be shared among the partners.

Since the profit and losses are to be shared between the business partners on the basis of this contract, the contract should have very detailed information in it and all the contingencies should be spelled out in it.

6 0
3 years ago
A corporation has 40,000 shares of $25 par value stock outstanding. If the corporation issues a 3-for-1 stock split, the number
Grace [21]

A corporation has 40,000 shares of $25 par value stock outstanding. If the corporation issues a 3-for-1 stock split, the number of shares outstanding after the split will be 120,000 shares.

Stocks are gadgets of fair ownership in an agency. For a few businesses, shares exist as an economic asset providing for an identical distribution of any residual profits, if any are declared, in the shape of dividends.

In monetary markets, a share is a unit used in mutual finances, limited partnerships, and real estate funding trusts. Percentage capital refers to all of the stocks of an agency. The owner of shares within the agency is a shareholder of the business enterprise.

A share is referred to as a unit of possession that represents the same share of a business enterprise's capital. A percentage entitles the shareholders to an equal declaration of earnings and losses of the employer. There are majorly sorts of shares i.e. equity stocks and desire stocks.

Learn more about shares here brainly.com/question/25630152

#SPJ4

3 0
2 years ago
Other questions:
  • A can of soda costs $0.75 in the United States and 12 pesos in Mexico.
    15·1 answer
  • Rachel is the managing director of LivviPro Inc., a life insurance agency. She believes in using various disciplines such as soc
    12·1 answer
  • When a businesss purpose is to benefit the general public, the business is called a
    15·1 answer
  • A bond with a $1,000 face value and an 8 percent annual coupon pays interest semiannually. The bond will mature in 15 years. The
    15·1 answer
  • Financial resources are also known as what?
    11·1 answer
  • A useful approach for understanding a client's business environment and associated business risks is to perform a PESTLE analysi
    5·1 answer
  • A manager from a developing country is overseeing a multinational’s operations in a country where drug trafficking and lawlessne
    11·1 answer
  • Sodium Inc. borrowed $175,000 on April 1. The note requires interest at 12% and principal to be paid in one year. How much inter
    11·1 answer
  • Identify at least one cost and one benefit of using fiscal policy as a tool to pursue the goal of economic growth. Short respons
    7·2 answers
  • Using the midpoint method, calculate the price elasticity of demand for Gondwanaland gosum berries. Explain what this price elas
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!