Answer: c.) hire less labor and rent more capital
Explanation:
To answer this we would need to find out the Marginal cost per dollar of producing with either form of production being labour or capital.
The Marginal Product of Labour is 20 units resulting from $4 dollars so that means that for every dollar spent on Labour we get,
= 20/4
= 5 units of output.
However, The Marginal Product of renting Capital is 30 units resulting from $5 dollars so that means that for every dollar spent on Capital we get,
= 30/5
= 6 units of output.
This means that renting Capital is more efficient because we get 1 more unit of output per dollar and so to minimize cost of production without changing the level of output, the firm should hire less labor and rent more capital.
Answer:
B. one of only 2 factories that made the product shuts down.
Answer: $9000
Explanation:
Based on the values given in the question, the consolidated gain or loss on equipment for 2018 would be calculated as:
Cost of equipment = $120,000
Less accumulated depreciation = $66,000
Less: Amount Devin sold equipment to Pepe = $45,000
Consolidated loss= $120,000 - $66000 - $45000
= $9000
Answer:
$113.86 billion
Explanation:
Real GDP = nominal GDP/ price index
Real GDP = $14460 billion / 127 = $113.86 billion
I hope my answer helps you
Answer:
<em>The type of problem that a consumer will become aware of in the normal course of events or is already aware of is known as a(n) </em><em><u>active</u></em><em> problem</em>
Explanation:
<em>An </em><em>active </em><em>problem </em><em>is </em><em>one </em><em>co</em><em>n</em><em>sumer </em><em>is </em><em>aware </em><em>of </em><em>or </em><em>will </em><em>become </em><em>aware </em><em>of </em><em>in</em><em> </em><em>the </em><em>normal </em><em>course</em><em> </em><em>of </em><em>event.</em><em> </em>
