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Alecsey [184]
3 years ago
9

At Lequals86​, Kequals90​, the marginal product of labor is 8 and the marginal product of capital is 2. What is the marginal rat

e of technical substitution ​(labor measured on the horizontal axis​)? The marginal rate of technical substitution is nothing. ​(Enter a numeric response using a real number rounded up to two decimal​ places.)
Business
1 answer:
Sidana [21]3 years ago
3 0

Answer:

0.25

Explanation:

The marginal rate of technical substitution (MRTS) can be described as the rate of a reduction is one factor to maintain the same production level when another factor is increased.

Given that labor is measured on the horizontal axis, the MRST of K for L can be calculated as follows:

MRST_{KL} = \frac{MP_{K} }{MP_{L} }

Where;

MPK =  Marginal product of capital = 2

MPL = Marginal product of labor = 8

Substituting the values into the equation, we have:

MRST_{KL} = \frac{2}{8} =\frac{1}{4} = 0.25

This implies that 0.25 of capital must be given up to have one unit of labor.

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Mrs. Jones, an appraiser, is appraising a single family residence for which she has located six comparable properties, all sold
Llana [10]

Available Options are:

1 Cost approach

2 Market data approach

3 Income approach

4 Gross rent multiplier

Answer:

Market data approach

Explanation:

The Market data is more relaible source to finding the home's market value. As in the given scenario, it is evident that the property is not an investment property, hence it is more appropriate to find the asset's value using the market data rather using the rental value to compute the value of the asset.

5 0
3 years ago
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Dave mentions that insurance is the defense for managing your money. Why is this true?.
777dan777 [17]

Insurance is a method of defense when it comes to managing your money according to Dave because it prevents you from incurring more debt.

<h3>How does insurance defend your money?</h3>

According to Dave Ramsey, a defense method in managing your money is one that helps you reduce or avoid debt.

Insurance is therefore a defense for managing your money because it saves you from having to incur debt when you pass through a dangerous situation because the insurance will pay out instead of you having to borrow.

Find out more on the purpose of insurance at brainly.com/question/1941778.

#SPJ1

8 0
2 years ago
True or False. A scope management plan is used to develop, confirm, and control a common understanding of the project between cu
NARA [144]

Answer:

True

Explanation:

the process of identifying and defining what actions are required to deliver a project's requirements

6 0
2 years ago
Last semester, Brita bought her textbooks over the Internet and saved a considerable amount of money. Classes start in a few day
Dmitriy789 [7]

Last semester, Brita bought her textbooks over the Internet and saved a considerable amount of money. Classes start in a few days, and she needs to decide right away how and where to purchase her books. Brita will most likely engage in "limited problem solving" process.

<h3>What is limited problem solving process?</h3>

Limited issue solving is another sort of consumer problem-solving that consumers employ when they need information about unknown brands in well-known product categories or when they make sporadic purchases of goods; it takes a fair amount of time for information collecting and consideration.

The characteristics of limit solving process are-

  • Limited issue solving is employed when consumers seek information about a new brand within a well-known product category or when they occasionally purchase products.
  • When buying a new, expensive, or infrequently purchased goods, consumers engage in lengthy problem solving.
  • Possibly when you need to find out information about an unusual brand in a well-known product area, takes a fair amount of time to gather information.
  • Clothing is one example where it is known the product class but not the brand.

Therefore, in the given case- Brita lacks the time to thoroughly consider all of his alternatives. Additionally, he will likely follow suit this time around given his recent success purchasing books online (unless he waited too long and cannot receive his books in time).

To know more about steps in the problem solving process, here

brainly.com/question/10708306

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6 0
2 years ago
QUESTION 8 of 10: Your average weekly take home wage is $615. You take a one-week paid vacation and a second week unpaid vacatio
levacccp [35]

Answer:

$45

Explanation:

A surplus is when income exceeds expenses.

One year has 52 weeks. If one week was unpaid leave, then payments were received for 51 weeks.

Average payments per week = $615

Total earning per week =$615 x 51

=$31,365  

The total expenses for the year were  $31,320. The surplus amount will be income minus expenses

= $31,365 - $31,320

=$45

             

7 0
3 years ago
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