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Kitty [74]
2 years ago
12

The wage rate is $10 per hour and the last worker hired by the firm increased output by 100 units. Computers rent for $100 per h

our and the last computer rented by the firm increased output by 2,000 units. To minimize costs the firm should _________.
Business
1 answer:
const2013 [10]2 years ago
5 0

Answer:

To minimise cost, the firm should lay off worker and rent more computer as it give more output per dollar invested on it.  This reduce the fixed cost of the company drastically and increase the production of the company.  The marginal cost of production and marginal revenue are economic parameter, which help to determine the amount of output and price per unit of input that will maximise the profits. The point at which marginal revenue is equal to marginal cost maximise the profit.

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Use the graph to answer the question that follows.
Flauer [41]

The demand increased due to a large increase in cat adoptions. The market price and quantity increased.

<h3>What is the correct option?</h3>

A demand curve slopes downward from left to right. When there is a movement to the right, it indicates that there has been an increase in demand. When there is an increase in demand, the price and quantity increases.

8 0
1 year ago
g The ____ is the average length of time to convert the firm's receivables into cash. Select one: a. payables deferral period b.
MAXImum [283]

Answer: D inventory conversion period

Explanation:

Inventory conversion period reports us about the average time to convert our total inventory into sales. It is relationship between total days in year and inventory turnover ratio. In other words, it measures the length of time on average between the acquisition and sale of merchandise.

5 0
2 years ago
Read 2 more answers
____ cards contain a chip that can store a large amount of information as well as on a magnetic stripe for backward compatibilit
trasher [3.6K]

Answer:

(B)

Explanation:

Europay, Mastercard , Visa (EMV) is a payment method based upon technical standard for smart card payments or ATMs that accept them.

These are smart cards (also referred to as chip cards) that are capable of storing large amount of information and also include a magnetic stripe at the back for backward compatibility.

Smart cards can serve as credit or ATM cards, fuel cards, mobile phone SIMs  etc. Smart card chip can be loaded with funds and can be used for paying parking meters, vending machines or merchants.

4 0
3 years ago
Which type of inflation occurs when prices are high, then drop due to lower demand, and then are restored to a previous high lev
natta225 [31]

Answer:

Reflation

Explanation:

8 0
3 years ago
Areas that once had vast economic growth and large amounts of industry, but are now suffering from the effects of outsourcing ar
Irina-Kira [14]

Answer:

de-industrialization

Explanation:

Deindustrialization refers to the  phase of social and economic event caused by the elimination or decrease of industrial base or operation in a region or country, in particular of manufacturing industries or mining. It's the reverse of being industrialised.

It is the opposite of  industrialization. Deindustrialization usually happens as it is no longer profitable for a specific industrial activity. It's a phase in which industrial development is eliminated or decreased in a country or area due to a major social or economic transition.

7 0
3 years ago
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