Bob's big burgers n' shakes restaurant brings a suit, seeking a remedy at law. a remedy at law is

"Budget deficits should be avoided, even if the economy is below potential, because they reduce saving and lead to lower growth.

bixtya [17]

Answer:

the long-run framework directs one to avoid deficits; in the short-run framework deficits are useful if the economy is significantly below potential.

Explanation:

"Budget deficits should be avoided, even if the economy is below potential, because they reduce saving and lead to lower growth." This policy directive follow the long-run framework directs one to avoid deficits; in the short-run framework deficits are useful if the economy is significantly below potential.

The reason is that in the short-run, deficits offer economic solutions by being an antidote to recessions, hence they could be a strategy of recession management in the short run

However in the long-run, deficits are not advisable as they could lead to debts because the major way to manage such deficits is by external borrowings.

5 0

3 years ago

Suppose a firm is producing the profit-maximizing level of output and the MP of capital and labor are 10 and 20, respectively. I

Darya [45]

Answer:

B. Hire more labor and use less capital.

Explanation:

The firm producing at the profit-maximizing level of output means that Marginal Revenue = Marginal Cost, it can also be said that Marginal Productivity = Marginal wage/rent (Factor cost).

Therefore to minimize cost there should be a selection of factor mix that will be more efficient (i.e. comparing the cost of input to output) which will be to use more of the cheaper input and less of the costlier input

Since the cost of labor is $10 and that of capital is $25, compared to the marginal productivity of 10 and 20 respectively, it can be seen that labor is the more efficient resource or factor.

Therefore the cost minimizing choice of inputs will be more of labor and less of capital will minimize costs

4 0

4 years ago

Both production lines can produce all the different types of nozzles. The bronze machines needed for the bronze sprinklers requi

dsp73

Answer:

Demand for plastic sprinklers for year 1 Year 2 Year 3 and Year 4 is 98 (33 + 14 + 51) , 111 , 133, 136.

Explanation:

The Production line capacity requirement for the next four years will be equal to the demand for the next four years. The production line needs to meet the annual demand for the plastic sprinklers. The production line is extended and economies of scale is introduced with helps the company save additional cost of extension in the production line.

5 0

3 years ago

Match the terms to their definitions.

Irina-Kira [14]

The question requires matching the terms to their definitions.

Hiring is the process of employing (someone) for wages.

Recruitment is the process of finding new people to join an organization.

Job Description informs applicants about the responsibilities and required qualification.

Recruitment Plan is the process of integrating a new employee into an organization, maps out the strategy for attracting skilled employees and obtaining applications from a diverse workforce.

Offer is a proposal put forward by an employer to a prospective employee.

References serve the purpose of gathering information about a prospective employee from previous employers.

Types of Recruitment: internal (employees within the company) and external (people outside the company).

Compensation the money the employee will receive as a salary or wages.

Interview a face to face meeting between an employer and a job applicant.