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3 years ago

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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Approximately what percentage of the u.s. public debt is held by foreign individuals and institutions (2015)?

denpristay [2]

34% as of 2015, $6.156 trillion

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2 years ago

Aaron promises to sell his boat to Matt, and Matt promises to buy it from Aaron. What type of contract is this? Group of answer

Minchanka [31]

Answer: c. A bilateral contract

Explanation:

In a bilateral contract, the parties involved promise to both perform duties to the other which will make them both an obligor and an obligee.

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Aaron both owes a duty to sell the boat to Matt as well as being owed by Matt the duty to buy his boat. The same goes for Matt thus making this a bilateral contract.

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3 years ago

A new project would require an immediate increase in raw materials in the amount of $17,000. The firm expects that accounts paya

RUDIKE [14]

Answer:

C.) $10,000

Explanation:

Working capital is the net of current asset and current liabilities. it is a financial measure that gives insight into how liquid a company is.

Raw materials also known as Inventory and accounts payable are both current assets and current liabilities respectively hence, Incremental investment in working capital if the project is accepted

= $17,000 - $7,000

= $10,000

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3 years ago

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ArbitrLikvidat [17]

Answer:

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2 years ago

On April 1, Garcia Publishing Company received $33,480 from Otisco, Inc. for 36-month subscriptions to several different magazin

allochka39001 [22]

Answer:

Unearned Fees A/c Dr. $8,370;

Fees Earned A/c Cr. , $8,370.

Explanation:

The amount of $33,480 paid is for 36 months. Subscription per months will be $33,480 divided by 36 months

=$33,480 / 12

=$930

The subscription was paid on April 1st. Between April 1st and December 31st, there were 9 months.

The subscriptions for that year will be

= $930 x 9

=$8,370

The journal entries will be as follow

Unearned Fees A/c Dr. $8,370;

Fees Earned A/c Cr. , $8,370.

3 0

3 years ago

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

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