Answer:
Kuznets Ratio = 2.62
Explanation:
Kuznet Ratio = <u>% share of income received by richest 20% </u>
% share of income received by poorest 40%
Given : The lowest 40% receives 17.3% of national income and the highest 20% receives 45.3%.
So, Kuznets Ratio = 45.3 / 17.3
= 2.62
Answer:
3 year cliff
Explanation:
The most appropriate vesting schedule for Bardwell Manufacturing Inc is the 3 year cliff
Answer:
True
Explanation:
The charter is the authorization for a bank to start its operation. This document is received by each state in which the bank operates.
Answer:
$214
Explanation:
If we can assume that Jorge's monthly expenses once he buys the car will only increase by = gas ($42) + insurance ($100) + (maintenance and repairs ($24) = $166 in total,
Then he will have $214 to cover his monthly car payment: excess monthly cash flow - total additional expenses = 380 - $166 = $214
Answer:
The farmer should use more fertilizer and less labor.
Explanation:
The production of wheat requires two inputs, labor and fertilizer.
The price of labor is $4.50 and the price of fertilizer is $3.00.
A farmer is currently employing the inputs such that the marginal product of labor is 11 and the marginal product of fertilizer is 8.
The ratio of price to marginal product for labor
=
= 2.44
The ratio of price to marginal product for fertilizer
=
= 2.66
Since the ratio for fertilizer is higher than labor, it implies that fertilizer is providing more benefit to the farmer as compared to labor. So the farmer should use more fertilizer.