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xxTIMURxx [149]
3 years ago
13

Consider the following production​ function: q equals 9 LK plus 4 Upper L squared minus (one third )Upper L cubed . Given the fo

llowing expressions for the marginal productivity of each​ input: MP Subscript Upper L Baseline equals 9 Upper K plus 8 Upper L minus Upper L squared and MP Subscript Upper K Baseline equals 9 Upper L Assuming capital is plotted on the vertical axis and labor is plotted on the horizointal​ axis, determine the value of the marginal rate of technical substitution when K​ = 25 and L​ = 10. ​(Round your answer up to two decimal places and include the proper​ sign.) MRTS​ = nothing.

Business
1 answer:
vlabodo [156]3 years ago
5 0

Answer:

answer attached below

Explanation:

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In United States v. Butler, the Supreme Court overturned the Agricultural Adjustment Administration (AAA) because
joja [24]

Answer:

The correct answer is the tax on food processors was unconstitutional.

Explanation:

On January 6, 1936, the Supreme Court decided in the United States v. Butler, that the act was unconstitutional for the collection of this tax on processors only so that it will be returned to the farmers. The regulation of agriculture was considered a state power. As such, the federal government could not force states to adopt the Agricultural Adjustment Act due to lack of jurisdiction. However, the Agrarian Law of 1938 remedied these technical problems and the agricultural program continued.

3 0
3 years ago
Anyone who is at least 18 years old, a citizen of the United States, and a legal resident may vote in an election. To become a s
wlad13 [49]
I think what can be inferred is that each role has a different age scale and different requirements to become said role
4 0
3 years ago
A profit-maximizing entrepreneur rents an apple orchard for a day. He is a price taker in both the market for labor and the mark
yaroslaw [1]

Answer:

c. 5

Explanation:

L       Q     MPL (ΔinQ/ΔinL)    VMPL

4      52  

5      60              8                       80

6      66              6                       60

7      70               4                       40

8 72               2                       20

Note: Labour hired per day = L, Total product = Q, Marginal Product of labor=MPL, VMPL =Price*MPL

A firm will maximize the profit by increasing the number of labor as long as VMPL is higher than or equal to the wage rate. In this case, we observe that VMPL ($80)>wage rate ($75) for L=5 but VMPL ($60)<wage rate ($75) for L=6. So, the optimal number of labor to be hired is 5.

7 0
3 years ago
You want to construct a portfolio containing equal amounts of U.S. Treasury bills, stock A, and stock B. If the beta of the stoc
7nadin3 [17]

Answer:

beta of stock B = 1.33

Explanation:

the beta of treasury bills is 0

the beta of stock A = 1.46

the beta of stock B = ?

the portfolio contains equal amounts of each investment and its overall beta is 0.93

0.93 = (0 x 1/3) + (1.46 x 1/3) + (B x 1/3)

0.93 = 0 + 0.4867 + 0.333B

0.93 = 0.4867 + 0.333B

0.4433 = 0.333B

B = 0.4433 / 0.333 = 1.33

4 0
3 years ago
A company has a process that results in 1,300 pounds of Product A that can be sold for $13.00 per pound. An alternative would be
n200080 [17]

Answer:

If the company process further the units, income will decrease by $600.

Explanation:

Giving the following information:

A company has a process that results in 1,300 pounds of Product A that can be sold for $13.00 per pound.

An alternative would be to process Product A further for $13,600 and then sell it for $23.00 per pound.

We need to determine the result of further processing the product.

Sell as-is:

Effect on income= 1,300*13= $16,900 increase

Continue processing:

Effect on income= 1,300*23 - 13,600= $16,300

It is more profitable to sell the units before further processing.

8 0
3 years ago
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