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Nostrana [21]
3 years ago
12

When the cost minimizing combination of inputs is being used and there is no corner​ solution,

Business
1 answer:
LenKa [72]3 years ago
4 0

Answer:

A. the iso-quant line is tangent to the iso-cost line.

Explanation:

Cost minimization refers to the decrease in level of cost of production for certain specified level of production.

Iso quant line represents the labor and capital combinations keeping the total cost same. The least combination represents the tangent to isoquant, basically representing the idle choice of labor and capital.

In this manner the company chooses the idle way of cost minimization.

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Which resource management activity establishes common definitions for capabilities of personnel, equipment, teams, supplies, and
mina [271]

Answer:

The correct answer is Identifying and typing resources.

Explanation:

Human resources management has several functions and activities. An entrepreneur who does not know exactly the functions and activities of human resources management is like a ship without navigation instruments.

Small businesses do not need complicated human resources management, but they must necessarily know their main functions and activities so that they are used to manage their staff.

The management of human resources in companies and organizations is structured based on the following functions:

  • The planning of human resources.
  • The analysis of jobs.
  • The coverage of human resources needs of the organization.
  • The increase of the potential and development of the individual.
  • The evaluation of employee performance.
  • The compensation of employees.
  • The management of health and hygiene at work.
3 0
2 years ago
If a CobbDouglas production function has alpha​ = 0.34 and beta​ = 0.42, then a​ 1% increase in inputs results in a​ ________ ch
vampirchik [111]

Answer:

0.76%

Explanation:

Firstly we write out the production function to be

Y = K^0.34L^0.42.

So if we have inputs that are increased by 1%, we will now have a new production function which is

Y = (K + 0.01 of K)^0.34 (L + 0.01 of L)^0.42

We write this in terms of growth rate

The Growth rate of Y = 0.34 x the growth rate of K + 0.42 x the growth rate of L

This gives us the Growth rate of Y = 0.34 x 1% + 0.42 x 1%

= 0.34+0.42

= 0.76%

6 0
2 years ago
If you are the driver or owner of a vehicle which is in a crash that is your fault, and you are not insured in compliance with t
Fantom [35]

I believe the answer to your question is C.

Hope I helped! Plz mark brainliest! Have a great day!

4 0
3 years ago
Read 2 more answers
in what way are monetary and fiscal policies similar? group of answer choices they both target aggregate demand to overcome busi
Arisa [49]

Monetary and fiscal policies are similar as  they both target aggregate demand to overcome business fluctuations.

Option A is correct.

<h3>How do monetary and fiscal policies work together?</h3>

Fiscal policy affects aggregate demand through changes in government spending and taxation. These factors affect employment and household income, which in turn affect private consumption and investment. Monetary policy affects the amount of money in the economy that affects interest rates and inflation.

<h3>Is fiscal policy the same as monetary policy?</h3>

Fiscal policy is a policy enacted by the legislative branch of government. It deals with taxation and government spending. Monetary policy is enacted by the government's central bank. Address changes in a country's money supply by adjusting interest rates, reserves, and open market operations.

Learn more about Monetary policy:

brainly.com/question/2417605

#SPJ4

4 0
1 year ago
Simkin Corporation keeps careful track of the time required to fill orders. Data concerning a particular order appear below:
Anettt [7]

Answer:

0.34

Explanation:

Calculation to determine what The manufacturing cycle efficiency (MCE) was closest to:

First step is to calculate the Throughput time using this formula

Throughput time = Process time + inspection time + move time + queue time

Let plug in the formula

Throughput time=6.1+1.5+4.1+6.2

Throughput time=17.9

Now let calculate the MEC using this formula

MEC = process time / throughput time

Let plug in the formula

MEC=6.1/17.9

MEC =0.34

Therefore The manufacturing cycle efficiency (MCE) was closest to:0.34

8 0
2 years ago
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