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
Kitty [74]
3 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]3 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.

You might be interested in
Which countries were involved in the central powers alliance.
kirza4 [7]
Germany, Austria-Hungary, Ottoman Empire and Bulgaria.
7 0
3 years ago
A combination of high crude oil prices and government subsidies for ethanol have led to a sharp increase in the demand for corn
Firlakuza [10]

Answer:

a) Increase

b) Increase

c) Increase

d) Increase

e) Increase

Explanation:

a) The price of corn

The increase in the demand for corn will cause an increase in the price of corn

b) The quantity of corn supplied

The quantity of corn supplied will increase rapidly in the short run before equilibrium will be established in the market

c) The cost of producing soybeans and wheat crops will Increase due to the High demand for corn hence the supply will decrease as well

d) The price of cereals and other products produced from corn will Increase as well

e) The price of beef and other meat gotten from animals that fed on Corn will Increase as well because the cost of their feed will increase

3 0
2 years ago
If a store adds 50 chairs to its current inventory, the total number of chairs will be the same as three-halves the current inve
max2010maxim [7]
To answer this item, we let x be the current number of chairs. After adding 50 chairs to the current inventory, the total number of chairs would then be equal to x + 50. The equation that would allow us to determine the value of x is written below.

     x + 50 = (3/2)(x)

Simplifying the equation,
   x + 50 = 3x/2
  x - 3x/2 = -50
   -x/2 = -50

Dividing both sides of the equation by -1/2, the value of x is equal to 100. 

To increase the inventory by 40%, the equation would be,
    y = x(1.4) = 1.4(100) = 140

<em>ANSWER: 140 chairs</em>
8 0
3 years ago
What is the difference between vested funds and non-vested funds in a 401(k) plan?
Alekssandra [29.7K]
Vested funds are the employers contribution and the non vested funds are the contribution of employee.

8 0
2 years ago
Consider these long-term investment data: • The price of a 10-year $100 par zero-coupon inflation-indexed bond is $84.49. • A re
AleksAgata [21]

Answer:

Annual rate 0.017

Explanation:

Computation of the annual rate on the real bond.

Using this formula

Annual rate = Par Zero coupon inflation index/(1+r) ^Numbers of years =Inflation-indexed bond

Let plug in the formula

Annual rate=100 / (1 + r) ^10 = 84.49

Annual rate= (100 / 84.49)^1 /10 − 1

Annual rate=(1.18357)^0.1-1

Annual rate=1.016-1

Annual rate=0.017

Therefore the annual rate of return will be 0.017

3 0
3 years ago
Read 2 more answers
Other questions:
  • Ryan wants to work in a factory as a machine operator. What is a basic requirement for this job? A. a doctorate degree B. on-the
    5·2 answers
  • In your opinion, how clearly must a large infrastructure project like ARC have determined its need, costs, and so forth before b
    15·1 answer
  • A report found that the real entry-level wage for college graduates declined by 6 percent between 2003 and 2010.
    14·1 answer
  • Grady received $8,200 of Social Security benefits this year. Grady also reported salary and interest income this year.What amoun
    12·1 answer
  • The _______ has rapidly become part of the culture in the United States and elsewhere, as people increasingly consider the impac
    13·2 answers
  • The number of support staff needed to handle the volume of incidents in a help desk operation is a similar problem to the number
    14·1 answer
  • How have powerful economic interests captured state power and fashioned economic trade policy to further their interests through
    6·1 answer
  • 20. An emergency operations plan: A. Focuses on standard operating procedures for responding to one single type of incident. B.
    14·1 answer
  • Holly took a prospective client to dinner, and after agreeing to a business deal, they went to the theater. Holly paid $290 for
    10·1 answer
  • Four fundamental factors affect the cost of money: (1) the return that borrowers expect to earn on their investments, (2) the pr
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!