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emmasim [6.3K]
3 years ago
7

5. A firm currently produces its desired level of output. Its marginal product of labor is 400, its marginal product of capital

is 1,000, the wage rate is $20 and the rental rate of capital is $100. In this case, the firm should: a. employ more capital and more labor. b. employ less labor and less capital. c. employ less labor and more capital. d. employ less capital and more labor. e. not change its allocation of capital and labor
Business
1 answer:
gizmo_the_mogwai [7]3 years ago
7 0

Answer:

D.

Explanation:

Firms will hire more labor when the marginal revenue product of labor is greater than the wage rate, and stop hiring as soon as the two values are equal.

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B. Getting caught in the transition period without a clear strategic advantage.

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A firm have an inventory turnover of 5 times a year on a cost of goods sold of $800 000.if the firm improves the inventory turno
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Answer:

d) $60,000 is released into working capital

Explanation:

Inventory turnover is the number of times that a firm buys and sells inventory. A high inventory means that the company sells its stock many times in a year.

the formula for inventory turnover ratio

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If a firm has COGS of $800,000 and an inventory turnover of 5, then the average inventory will be

=$800,000 /5

=$160,000

If the firm improves its  turnover to 8, then the average inventory will be

=$800,000/8

=$100,000

The firm average inventory will  $100,000 as opposed to $160,000 previously.

$60,000  will be released to working capital.

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Research and then discuss the two types of equity found on the balance sheet that contribute to total stockholder’s equity for t
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The equity on the balance sheet that contribute to total stockholder’s equity for the corporation are:

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<h3>What is a total stockholder’s equity?</h3>

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However, the stockholders' equity is the most important for rewarding stockholder investment because it is the basis at which a dividend for the stockholder will be calculated.

Read more about stockholder equity

<em>brainly.com/question/14032844</em>

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