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Sholpan [36]
3 years ago
14

At L=64, K = 82, the marginal product of labor is 10 and the marginal product of capital is 20. What is the marginal rate of tec

hnical substitution ​(labor measured on the horizontal axis​)?
The marginal rate of technical substitution is _________.(Enter a numeric response using real number rounded up to two decimal places)
Business
1 answer:
nordsb [41]3 years ago
7 0

Answer:

-0.5

Explanation:

Marginal rate of technical substitution (MRTS) refers to the rate at which the inputs are substituted for one another in a production of particular good.

Given that,

The marginal product of labor = 10

The marginal product of capital = 20

Hence,

MRTS=(-)\frac{MP_{L} }{MP_{K} }

MRTS=(-)\frac{10}{20}

                 = - 0.5

Therefore, the marginal rate of technical substitution is - 0.5.

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If a perfectly competitive firm and a single-price monopolist face the same demand and cost curves, then the competitive firm wi
Rudik [331]

Answer:

a

Explanation:

greater output and charge lower price than the monopolist

7 0
3 years ago
Pedro wants to open his own business. To get a loan for the business, the bank needs him to give them some collateral. What is a
elixir [45]

Answer:

see below

Explanation:

Collateral refers to a valuable asset that a borrower offers to a lending institution to guarantee that they will repay the requested loan. Usually, collateral has a higher value than the loan amount. Collateral reduces the risk to the lender, which translates to lower interest rates.

Examples of assets that Pedro can use as collateral include.

1. Motor Vehicles

2. Properties such as land and Buildings

3. Machinery and equipment

4. Inventory

6 0
3 years ago
Provides​ house-sitting for people while they are away on vacation. Some of its customers pay immediately after the job is finis
GalinKa [24]

Answer:

a. $1,000 will be recognized as service revenue using the cash basis.

b.  $2,400 ($1000 plus $1400) will be recognized as service revenue using the accrual basis.

Explanation:

Given that as of the end of the​ year, Peaceful Home has collected $ 1,000 from​ cash-paying customers while Peaceful Home ​'s remaining customers owe the business $ 1,400.

Revenue to be recognized using;

  • Cash basis

$1,000 will be recognized as service revenue using the cash basis.

  • Accrual basis

On accrual basis, revenue is recognized when the service has been provided irrespective of whether cash has been collected or not.

A total of $2,400 ($1000 plus $1400) will be recognized as service revenue using the accrual basis.

7 0
3 years ago
Sanders, Inc., paid a $4 dividend per share last year and is expected to continue to pay out 60% of its earnings as dividends fo
solong [7]

Answer:

The correct solution is "$42.94".

Explanation:

The given values are:

D0 = 4

Ks = 15%

As we know,

⇒ g = (1-Div \ payout \ ratio)\times ROE

      =(1-60 \ percent)\times 13 \ percent

      =5.20 \ percent

By using the Gordon Model, we get

⇒ P0=Do\times \frac{(1+g)}{(Ks-g)}

         =4\times \frac{ (1+5.20 \ percent)}{(15 \ percent-5.20 \ percent)}

         =42.94 ($)

6 0
2 years ago
Teller Co. is planning to sell 900 boxes of ceramic tile, with production estimated at 870 boxes during May. Each box of tile re
ELEN [110]

Answer:

The correct answer is $2,610.

Explanation:

According to the scenario, computation of the given data are as follow:-

We can calculate the the direct labor cost by using following formula:-

Direct labor hour required= Estimated production × Direct labor hour

= 870 × 1÷4 =217.5 hours

Direct labor cost = Direct required labor hour × Rate of labor per hour

= 217.5 hours × $12

= $2,610

According to the analysis, $2,610 is the total amount to be budgeted for direct labor.

4 0
3 years ago
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