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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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Well i believe the answer to this problem is "B. A white collar job." If you was to be in a white collar job you would be in more of professional job such as a teacher or anything that doesn't deal with manual labor, or physical labor. A blue collar worker(job) does more of the physical labor job, construction, architecture, or even a vending machine filler. 
 
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4 0
3 years ago
Read 2 more answers
15 stores and their distribution warehouse. The Paint Supply Store franchise sells an average of 70 gallons of Purple Paint ever
erastova [34]

Answer: $1,487.56

Explanation:

Total annual inventory cost = Ordering cost + Inventory Holding cost

Ordering cost = Number of orders * ordering cost

= (Annual demand / Order quantity) * 35

= ((52 weeks per year * 70) / 90) * 35

= $1,415.56

Inventory holding cost:

= Average inventory * holding cost

= (90 gallons / 2) * (40% * 4)

= $72

Total annual inventory cost = 1,415.56 + 36

= $1,487.56

4 0
3 years ago
Match the types of expenses with the correct descriptions
valentinak56 [21]

Answer:

See below

Explanation:

1). Intermittent Expenses

Occur at different times throughout the year and tend to be in large lump sums, like college tuition payments and car repairs.

Although intermittent expenses are irregular (do not occur monthly), the amounts involved are predictable.

2). Variable Expenses

Change in dollar amount every month and include  things like utility bills,

gasoline and groceries

variable expenses are the business expenses that change as the production volume changes. Variable expenses are directly related to the output of a business.

3) Fixed expenses

Remain the same from month to months like rent and insurance premiums

Fixed costs are constant. They are not expected to change in the current financial year.

4) Discretionary Expenses

Things you don't  necessarily need, like eating

Description costs are unnecessary or non-essintial expenses. A business or household will continue functioning even without the discretionary expenses.

5 0
3 years ago
Read 2 more answers
According to the growth accounting studies, if you lived in a country where illiteracy was high and 40% of the children left sch
My name is Ann [436]

Answer:

b. There would be both a human and economic loss.

Explanation:

In the case when the illiteracy was more and 40% of the children left the school so early that they didnt complete their education so here the result should be that there should be 2 losses i.e. human and economic loss as the children does not have any kind of knowledge so they would not get the job so easily

Therefore the option b is correct

8 0
3 years ago
Quince Holman Corporation reports: Cash provided by operating activities $250,000 Cash used by investing activities 110,000 Cash
mash [69]

Answer:

Holman's ending cash balance is $350,000.

Explanation:

The Ending Cash Balance can be obtained by Preparing a Cash Flow Statement as follows :

<u>Quince Holman Corporation </u>

<u>Cash Flow Statement</u>

Net Cash from Operating Activities                                        $250,000

Net Cash from Investing Activities                                          ($110,000)

Net Cash from Financing  Activities                                        $140,000

Movement during the Year                                                     $280,000

Cash and Cash Equivalents at the Beginning of the year      $70,000

Cash and Cash Equivalents at the End of the year               $350,000

Conclusion :

Holman's ending cash balance is $350,000.

5 0
3 years ago
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