The firm should decrease the amount of capital used.
Solution:
The wage rate is $12 per hour and capital is rented at $8 per hour.
The marginal product of labour is 45 units of output per hour and the marginal product of capital is 65 units of output per hour.
A manager hires labour and rents capital equipment in a very competitive
market.
The ratio of marginal product of labour and wage rate
= 
= 3.75
The ratio of marginal product of capital and rent
= 
= 8.125
If the cost ratio is higher, it means that the boss must minimize the volume of money involved in the manufacturing process.
Answer:
c. Higher-skilled workers are readily available at the higher wage.
Explanation:
the government decree would make the cost of hiring low skilled labour higher. As, a result there would be a reduction in the quantity demanded of low skilled labour.
if High skilled workers are readily available at the higher wage this would lead to a greater decrease in employment of low-skilled workers. Employers would ask themselves why pay the same high wages high skilled labour earns to low skilled labour when high skilled labour can be hired at the same price since most likely higher skilled workers would carry out the tasks better than lower skilled labour ?
Answer:
Equivalent units
Materials 10,200
Covnersion Cost 9, 100
Explanation:
![\left[\begin{array}{cccc}&$Physical Units&$Materials&$Conversion\\$Beginning&2,000&0.6&0.4\\$Transferred out&9,000&&\\$Ending&3,000&0.8&0.3\\$Equivalent Units&&10,200&9,100\\\end{array}\right]](https://tex.z-dn.net/?f=%5Cleft%5B%5Cbegin%7Barray%7D%7Bcccc%7D%26%24Physical%20Units%26%24Materials%26%24Conversion%5C%5C%24Beginning%262%2C000%260.6%260.4%5C%5C%24Transferred%20out%269%2C000%26%26%5C%5C%24Ending%263%2C000%260.8%260.3%5C%5C%24Equivalent%20Units%26%2610%2C200%269%2C100%5C%5C%5Cend%7Barray%7D%5Cright%5D)
The equivalent units will be calcualte as follow:
transferred out
ending x completion
<u> (beginning x completion) </u>
Equivalent units
<u>Materials</u>
9,000 + 3,000 x 80% - 2,000 x 60% = 10,200
<u>Conversion Cost</u>
9,000 + 3,000 x 30% - 2,000 x 40% = 9,100
Answer:
$160,000
Explanation:
Data provided in the question:
Value of the building acquired = $170,000
Number of shares exchanged = 10,000
Selling price of the stocks = $16 per share
Now,
The amount for which the building will be recorded by Steak Company is the market value of the shares that has been exchanges to acquire the building.
Therefore,
The amount for which the building will be recorded by Steak Company
= Number of shares exchanged × Selling price of the stocks
= 10,000 × $16
= $160,000
The largest area of job growth in the United States has been in the service sector.
<h3>What are the service sectors?</h3>
The service sector is commonly known as the tertiary sector. It is also known to be the third tier in the three-sector economy.
An Examples of service sector jobs are housekeeping, nursing, etc. The Service industries is made up of:
- Banking
- Communications
- Wholesale and retail trade, etc.
Conclusively, The largest area of job growth in the United States as at 1970s has been in the service sector.
Learn more about service sector from
brainly.com/question/26521390