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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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A card from a 52 card deck is lost. We then draw 2 cards from the 51 remaining cards. What is the probability they are both diam
Nonamiya [84]

Answer:

\frac{1}{17}

Explanation:

Let D be the event that the lost card is a diamond

and D' be the event that the lost card is a non diamond

Therefore,

P(D) = \frac{13}{52} = 0.25

P(D') = \frac{39}{52} = 0.75

Now,

Event that the cards picked up are both diamonds = A

Thus,

P( A | D) = \frac{12}{51 }\times\frac{11}{50}               [ As One Diamond Card is lost ]

And,

P(A | D') = \frac{13}{51}\times\frac{12}{50}                [ As One Non-Diamond card is lost ]

Therefore,

P(A) = P(D) × P(A | D) + P(D') × P( A | D')  

= 0.25 × \frac{12}{51 }\times\frac{11}{50}  + 0.75 ×  \frac{13}{51}\times\frac{12}{50}

= \frac{1}{17}

3 0
3 years ago
Each listed stock option contract gives the holder the right to buy or sell __________ shares of stock.
TEA [102]

Every indexed stock choice agreement offers the holder the right to buy or promote a hundred shares of stock.

A share is a piece of the agency an investor can personalize. A proportion is a unit of ownership (e.g., you very own 10 shares), whereas inventory is a measurement of fairness (e.g., you personal 10% of the agency). think of stocks as a small portion of an enterprise.

Definition: 'stock' represents the holder's part-possession in a single or several groups. in the meantime, 'percentage' refers to an unmarried unit of possession in a corporation. as example, if X has invested in stocks, it is able to imply that X has a portfolio of shares across special companies.

Shares are gadgets of fair ownership in an organization. For some companies, shares exist as an economic asset providing for an identical distribution of any residual earnings, if any are declared, in the form of dividends.

Learn more about Shares here: brainly.com/question/25818989

#SPJ4

4 0
2 years ago
Every year Forbes publishes a list of the best companies to work for in America. The companies at the top of the list often get
muminat

Answer:

3. publicity

Explanation:

According to the Merriam-Webster dictionary, publicity is " information with news value issued as a means of gaining public attention or support". In this situation, Forbes is positively showcasing the best companies to work for in America, raising the public's awareness of those companies, which then leads to more and more people wanting to work for them. Therefore, it is fair to claim that the Forbes list is great publicity for the companies it identifies as the best places to work.

4 0
3 years ago
Sag manufacturing is planning to sell 400,000 hammers for $6 per unit. The contribution margin ratio is 20%
Tasya [4]

The question is incomplete. The following is the complete question.

Sag Manufacturing is planning to sell 400,000 hammers for $6 per unit. The  contribution margin ratio is 20%. If Sweet will break even at this level of sales, what are  the fixed costs?

Answer:

Fixed costs are $480000

Explanation:

The break even sales is the value of total sales or total revenue where it equals total cost and the company makes no profit or no loss. The break even in sales is calculated by dividing the fixed costs by the contribution margin ratio.

Break even in sales = Fixed cost / Contribution margin ratio

Plugging in the available values we can calculate the value of fixed cost. We know that the break even in units is at 400000 units. Thus, its value in sale will be 400000 * 6 = 2400000

2400000 = Fixed cost / 0.2

2400000 * 0.2 = Fixed cost

Fixed costs = $480000

6 0
3 years ago
Which of the following does not affect the cost of automobile insurance
Scrat [10]
The color of your vehicle 
5 0
3 years ago
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