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
Elan Coil [88]
4 years ago
8

f there are two factors used in producing a good, the least-cost rule specifies that costs have been minimized when Group of ans

wer choices
Business
1 answer:
solniwko [45]4 years ago
6 0

Answer:

Explanation:

When there are two factors used in producing a good, the least-cost rule specifies that costs have been minimized when the MPP of the first factor divided by its price is equal to the MPP of the second factor divided by its price.

The least cost rule evaluated two factors of production. Let's say labor and capital. production at least cost has the requirements that labor’s marginal product divided by its price is equal to capital’s marginal product divided by its price.

You might be interested in
Augi is the hottest new pop singer, but her agent discovers that Internet sales of Augi's music have been poor due to Internet p
Serggg [28]

Answer:

The correct answer is letter "C": keep prices of downloads low and raise prices for concerts and merchandise.

Explanation:

To maximize profits, Augi's agent should not stop doing any of the commercial activities the pop singer has been carrying out. However, a way to deal with Augi's music internet piracy, the agent could lower the online-song prices but the "losses" can be compensated by raising the concert ticket prices and the singer's merchandise sold there since most of Augi's concerts are sold-outs.

3 0
3 years ago
The board of directors Multiple Choice are hired by the CEO. are elected by shareholders. have unlimited liability since they ov
mr Goodwill [35]

Answer:

are elected by shareholders

Explanation:

When a company is formed it has owners who are called shareholders. These are the people that fund the companie's activities.

Share holders cannot be involved in the day to day running of the company. So they hire a board of directors that will monitor the activities of the company and ensure shareholder's interest are being satisfied.

The board of directors analyse how the management of the company are running their daily activities and make necessary adjustments when set objectives are not being met.

3 0
3 years ago
A shift in the supply curve of bicycles resulting from higher steel prices will lead to:
Feliz [49]

Answer: Higher price of bicycles

Explanation: Higher steel prices will lead to a rise in the input cost of the producers of bicycles. As a result of this, the supply for bicycles will decline shifting the supply curve upward to the left. With no information given about change in the demand for bicycles, the demand curve will not change.

The net effect will be an increase in the price of bicycles.

6 0
3 years ago
Provide the economic term/concept for this description. *NO ABBREVIATIONS*
elena55 [62]

Answer:

8gc uv u o du I. 8. o ixd u. o

5 0
3 years ago
Which of the following is considered a likely result from advertising? A. Brand names offer consumers no new information about p
Margaret [11]

Answer:

B) Signaling theory suggests that expensive testimonials from celebrities indicate a higher quality product.

Explanation:

In advertisement, signalling theory uses a biological approach that celebrities, which are seen as successful, wealthy, powerful, etc. transmit a sense of quality to the products that they endorse or recommend.

For example, Mr. T's breakfast cereal was very successful during the 1980s because customers identified Mr. T with being strong, healthy and powerful. Most people are usually followers, not leaders, and we like to follow our famous celebrities.

7 0
4 years ago
Other questions:
  • A pair of shoes costs $25 to make. This means that you need to charge a price of at least _____ just to cover your costs. $25 $1
    14·2 answers
  • On October 1, Hill Corporation signed a 6-month note with principal of $10,000 and interest of $600 due in six months. The state
    11·1 answer
  • Akihabara Imports offers the widest selection o Japanese animation products available on the Internet. All products are shipped
    10·1 answer
  • The method and rules the federal reserve uses to ensure the safety of your money is called ?
    12·1 answer
  • You win a scratch off lottery ticket that promises to pay an initial payment of 10,000 next year and grow at a rate of 2% foreve
    13·1 answer
  • Photo Framing's cost formula for its supplies cost is $1,070 per month plus $17 per frame. For the month of November, the compan
    10·1 answer
  • 378+1024=1024+.......
    6·2 answers
  • While living in her home country of Tanzania, Sophia Kiwanuka signed an employment contract with Anne Margareth Bakilana, a Tanz
    8·1 answer
  • A firm that sells baseballs has estimated that at its current level of production its variable costs are $70 while its fixed cos
    15·1 answer
  • Even if it is making economic losses, a perfectly competitive firm should keep operating in the short run so long as the price i
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!