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stellarik [79]
3 years ago
5

Debbi Fields' success as an entrepreneur can be attributed to her prior business training and

Business
1 answer:
VMariaS [17]3 years ago
7 0
I believe it is true
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Which of the following statements is (are) TRUE?
tatiyna

Answer:

I. If labor and capital are perfect substitutes in production, the isoquant is a straight, downward-sloping line.  

II. If a company needs to use inputs in fixed proportion such that the capital to labor ratio is always 2, the firm's isoquants are L-shaped.

Explanation:

Perfectly substittuable goods have straight downward sloping ICs, and have corner solutions .

Complementary goods (used in fixed proportions) are L shaped always , In case of min(x,y) function, the answer is the value of x or y which ever is minimum and not their sum.

Therefore, Only statements I and II are true.

4 0
3 years ago
Read 2 more answers
Upon graduating from college this year, you expect to earn $25,000 per year. If you get your MBA, in one year you can expect to
Novosadov [1.4K]

Answer:

Income difference= $8,250

Explanation:

Giving the following information:

Actual salary= $25,000 per year

MBA salary= $35,000 per year.

Inflation rate= 5 percent.

We will separate the analysis. First, we will calculate the nominal increase. Then, the real increase based on purchasing power.

In nominal terms, the increase in income is equal to the difference between salaries.

Income increase= 35,000 - 25,000= $10,000 increase.

In real terms, we need to calculate the effect of inflation on your purchasing power.

Actual income= $25,000

MBA income= 35,000*0.95= $33,250

Income difference= $8,250

In other terms, the real purchasing power of the MBA income decreases. Therefore, the difference today between real salaries is lower than the nominal difference.

6 0
3 years ago
What are the four qualities of good leadership?
astra-53 [7]
Honesty , Trustworthy , Determined & Passionate .
3 0
3 years ago
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Companies address needs by putting forth a ________, a set of benefits that they offer to customers to satisfy their needs.
Dovator [93]

Answer:

value proposition

Explanation:

A value proposition refers to the guarantee of meaning that needs to be provided, shared, and remembered. It is a customer trust in how quality (advantage) is always to be provided, perceived, and gained. A value proposition might refer to an entity as a whole, or sections of it, or account holders, or products.

Another aspect of the corporate strategy is to build a value proposition. This Model is depcited on a distinct consumer value proposition," Kaplan and Norton claim. "Customer satisfaction is the foundation of stable wealth creation."

4 0
3 years ago
A good rule of thumb is to spend no more than __% of your monthly gross income on rent. 20 25 30 40
Alexxandr [17]
45% of your monthly come on rent
7 0
3 years ago
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