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jasenka [17]
3 years ago
14

If a firm hires one worker and eliminates four units of capital, and hires one more worker and replaces three more units of capi

tal, keeping output constant, then
A) workers and capital are perfect substitutes.
B) there are decreasing returns to scale.
C) the firm is experiencing a diminishing marginal rate of technical substitution.
D) the firm is operating inefficiently because capital is more efficient than workers.
Business
1 answer:
Olin [163]3 years ago
4 0

Answer:

C) the firm is experiencing a diminishing marginal rate of technical substitution.

Explanation:

Isoquant reflects factor combinations which give producer same output level. It is analogous to consumer's indifference curve, reflecting goods combinations giving same satisfaction level.

  • It is downward sloping as same quantity of a good can be produced by - one factor increase, other factor decrease & one factor decrease, other factor increase.
  • It is also concave i.e inwards bending towards origin, because of fallings slope. It implies that marginal rate of technical substitution (fall in one factor , replaced by gain in other factor) with same level of output i.e same isoquant - keeps on falling.

This concept is highlighted in the given statement : If a firm hires one worker and eliminates four units of capital, and hires one more worker and replaces three more units of capital, keeping output constant.  

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Although Lenin wanted to establish, for the short term, a state-capitalist economic system in Russia, which resembled the succes
SashulF [63]

Answer:

war communism

Explanation:

The necessities of the civil war pushed the government to a more radical economic system known as war communism. This were the economic policies that were introduced in Russia in 1918 towards the end of the first World War by Vladimir Lenin which was the leader of Russia at that time. This Economic Policy was terminated in 1921 and was deemed as a failure.

4 0
4 years ago
In the context of market segmentation, unlike global citizens, global dreamers:
Zarrin [17]

Answer:

a. May not be able to afford, but nevertheless admire, global brands.

Explanation:

Let's analize all the statements for separate.

A.Global dreamers favour the global brands. Unlike global citizens can't afford them, but still admire them.

B. Refers to Antiglobals

C. Refers to global agnostics

D. Is against some global brands, can be seen as soft global agnostic.

5 0
3 years ago
A person who is power-oriented strives for leadership because of its associated ________. fear achievement authority prestige
dexar [7]

A person who is power-oriented strives for leadership because of its associated  with fear achievement authority prestige.

<h3>What is leadership?</h3>

Leadership can be regarded as the  ability  that an individual  has or  that  group of individuals  has to influence as well as to guide followers or other members of an organization.

It should be note4d that A person who is power-oriented strives for leadership because of its associated  with fear achievement authority prestige.

Learn more about leadership on:

brainly.com/question/25927714

#SPJ1

8 0
2 years ago
Assume Metro Company had a net income of​ $2,100 for the year ending December 2018. Its beginning and ending total assets were​
Sever21 [200]

Answer:

7.92%

Explanation:

The computation of the return on total assets is shown below:

Return on assets = (Net income) ÷ (average of total assets)

where,  

Net income is $2,100

Average total assets = (Beginning total assets + ending total assets) ÷ 2

= ($33,500 + $19,500) ÷ 2

= $26,500

Now put these values to the above formula  

So, the ratio would equal to

= $2,100 ÷ $26,500

= 7.92%

7 0
4 years ago
Stellar Plastics is analyzing a proposed project with annual depreciation of $19,500 and a tax rate of 34 percent. The company e
marysya [2.9K]

Answer:

$20,226

Explanation:

expected sales = 11,400 - 12,000 - 12,600

expected sales price = $7.20 - $7.50 - $7.80

expected variable cost = $3.072 - $3.20 - $3.328

total fixed costs = $31,000

if you use an excel spreadsheet you can calculate all the different possible simulations and combine all the expected sales x 3 different price levels x 3 different variable costs and 1 fixed cost. Once you get all the 27 possible solutions, you just get the average.

I attached it because there is no room here.

Download pdf
0 0
3 years ago
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