1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Marrrta [24]
3 years ago
13

Assume that a firm spends $500 on two inputs, labor and capital. If the wage rate is $20 per hour and the cost of capital is $25

per hour, the slope of isocost curve will equal
a) -0.05
b) -500
c) -20
d) -4/5
Business
2 answers:
Mrrafil [7]3 years ago
7 0

Answer: The correct option is D. -4/5

Explanation:

From the question above, we have:

Cost on input = $500

Wage rate = $20 per hour

Cost of capital = $25 per hour

The formula for slope of isocost is given as:

Slope of isocost = -(w/r)

Where,

W = wage rate

r = rental cost of capital.

Therefore, we have:

Slope of isocost curve = -(20/25)

= -0.8 or -4/5

Zolol [24]3 years ago
6 0

Answer:

D. -4/5

Explanation:

Given that

Wage rate = $20 per hour

Cost of capital = $25 per hour

Recall that,

Slope of isocost = -(w/r)

Where,

W = wage rate

r = rental cost of capital.

Thus,

Slope of isocost curve

= -(20/25)

= -0.8 or -4/5

Note that, the negative of the ratio is the price of the two inputs. Also isocost is a line showing the various combinations of inputs which cost the same amount.

You might be interested in
Living Wages - This is the topic of debate. I am looking for a help on two things. How to write the paper and how to prepare the
vazorg [7]

Answer:

the answer is as follows

Explanation:

First of defining real wages is a cumbersome process. The living wage calculator developed by MIT professor Amy Glasemeier in 2004 eased the way a little but that too has it's issues.

The paper you are trying to write should start with this that how the idea of living wages is in itself difficult to be adopted as it is. Second the free market approach has been more successful in the economic history and a lot of evidence and data is available on that. The analysis that your paper will develop should outline the concerns that mainstream economists have regarding living wages and support it with some actual data.

The presentation would be rather easy after writing the paper. Which will include some graphs and data and some scholarly citations and it should work.

3 0
3 years ago
I'm 16, and i'm trying to job shadow a cop in Indianapolis, Indiana. And I don't have much any idea on how to start, any though?
Angelina_Jolie [31]
Start with a resume and if you have any previous jobs should be listed to your interviewer (things such as lawn mowing or babysitting counts). If here is a department of labor in your area then you should contact them and they will help you find a job ( It's part of their job to help people find a job anyways).
6 0
3 years ago
A business owner would most likely create a cooperative instead of buying a franchise because
Alina [70]
A business owner would most likely create a cooperative instead of buying a franchise because:
- if he’ll buy a franchise he has to buy raw materials and products from suppliers nominated the franchisor
<span>-  he has to follow the rules set by the franchisor, even if they do not bring the maximum benefit to business</span>
<span>- stringent restrictions on going out of business may be established for franchisees</span>
7 0
3 years ago
Read 2 more answers
While overall labor union membership has been declining over the last few decades, which type of workers has the highest percent
Mariana [72]

The workers that have the highest percentage of union memberships are those in

  • education
  • training
  • library occupations

<h3>What is a  labor union?</h3>

This is a term that is used to refer to the labor unions that are formed in order to represent the workers that are in a country.

The unions are known to represent workers in terms of benefits, wages and labor hours.

Raed more on labor unions here: brainly.com/question/881501

5 0
2 years ago
Which of the following describe categories of international employees? Group of answer choices expatriates, third country nation
Scrat [10]

Answer: Expatriate, third country national.

Explanation: An international employee is an individual who is employed to work in a company that is not in his country of origin.

International workers are most times referred to as expatriates. Expatriates are people who live and work in a country which is not their country of origin.

A third country national is an individual living in a country foreign to his, and applying for a visa to migrate to another foreign country. A third country can also fill in the category of an international worker.

6 0
3 years ago
Other questions:
  • The biggest factor in determining the price of a mortgage is:
    5·1 answer
  • A garment manufacturing company makes 380,000 articles per year. Each article takes 95 minutes of direct labor at the rate of $9
    15·1 answer
  • What are the qualities of a free-enterprise system? Check all that apply.
    10·1 answer
  • Cooperatives save members money by
    8·1 answer
  • What is ROI and why does it matter?
    10·2 answers
  • I am pretty sure brainly is not just used for school work so what are some relationship advise
    11·1 answer
  • Pinkin Inc. needs to determine a price for a new phone model. Pinkin desires a 25% markup on the total cost of the phone. Pinkin
    12·1 answer
  • What is an advantage of taking out a long-term loan instead of a short-term
    15·1 answer
  • One thing that a college might look at when considering accepting a new student is:
    14·2 answers
  • The competitive situation where at&amp;t, mci, and sprint control approximately 80 percent of the international long-distance te
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!