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
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.

You might be interested in
Coach's agreement with Lexus to produce automobiles with Coach leather interior is an example of A. co-branding. B. architectura
nikitadnepr [17]

Answer:

CO-BRANDING

Explanation:

Also known as brand partnership, it is a marketing strategy that incorporates multiple brands on a good or service. It involves the brands of at least 2 organisations. Just like the Lexus and coach described above.

8 0
3 years ago
What does deficit mean?
galben [10]
The definition of deficit is, A sum of money that is small. Also, this can mean a loss of money. Another definition is, the number of loses in sports. Or, individual. Hope this helps
8 0
3 years ago
"DEF Corporation, after many profitable years, declares a one-time special cash dividend of $5.00 per share. After the announcem
Tju [1.3M]

Answer: B. 1 DEF Jan 50 Call

Explanation:

The Options Clearing Corporation (OCC) acting under its mandate of being an issuer and guarantor for options and futures contracts can alter options prices but does not do so for prices based on normal dividends as they are more regular and their effects are already accounted for in the price of the call.

When a company calls a one-time special cash dividend, this is new to the market which would not have incorporated it into the price of the call. The OCC will then adjust the price to account for this.

In this case it will do so by subtracting the dividend from the call;

= 55 - 5

= $50

The customer will then have 1 DEF Jan 50 Call .

8 0
3 years ago
Iota Inc. has a freewheeling culture, whereas Axiom Inc. has a culture based on structure and discipline. The merger of these tw
erik [133]

Answer:

Cultural gap

Explanation:

The merger of Iota Inc. and Axiom Inc. will be difficult due to the presence of a culture gap. An organization's culture may not always be in alignment with the needs of the external environment. The values and ways of doing things may reflect what worked in the past. The difference between desired and actual values and behaviors is called the culture gap. Culture gaps can be immense, particularly in the case of mergers.

Hope this works!!!!!

6 0
3 years ago
What are the three parts of the federal reserve system
Mnenie [13.5K]
The Board of Governors, the Federal<span> Open Market Committee, and 12 regional </span>reserve<span> banks.</span>
3 0
3 years ago
Other questions:
  • Suppose the median household earned $9,242 in 1976 and $52,624 in 2016. During that time, also suppose the CPI rose from 45.6 to
    14·1 answer
  • Which of the following statements is true in the context of selecting the best alternative? a. The decision maker can only selec
    5·1 answer
  • You have been managing a $5 million portfolio that has a beta of 1.25 and a required rate of return of 12%. The current risk-fre
    5·1 answer
  • The Alford Group had 230,000 shares of common stock outstanding on January 1, 2021. The following activities affected common sha
    11·1 answer
  • Jenkins Inc. has a target capital structure of 40% debt and 60% common equity, with no preferred stock. The YTM on the company’s
    9·1 answer
  • Departmental contribution to overhead is calculated as revenues of the department less:
    13·1 answer
  • You have just taken out an installment loan for $100,000. Assume that the loan will be repaid in 12 equal monthly installments o
    8·1 answer
  • Subsidies also distort resource allocation by encouraging excessive energy consumption, artificially promoting capital-intensive
    7·1 answer
  • Dynamo Corporation manufactures toasters. Each toaster comes with a 5-year assurance-type warranty. The toasters sell for $50 ea
    7·1 answer
  • Smythe Co. makes furniture. The following data are taken from its production plans for the year.
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!