Answer:
The correct answer to the following question is that a perfectly competitive firm should use relatively less capital .
Explanation:
Here we will take out the ratio for marginal product of labor by capital and for wage rate and per unit cost of capital.
Marginal product for labor by capital = 16 / 6
= 2.6666
Wage rate per unit cost of capital = $4/$2
= 2
Now in this situation where Marginal product for labor by capital is greater than Wage rate per unit cost of capital, this indicates that the labor should be used in more quantity and less of capital should be used, which in turn would reduce the marginal product for labor and increase the marginal product for capital.
Answer:
c. $2.44.
Explanation:
kindly check attachment for the step by step solution of the given problem.
Answer:
Then the constant increases?
Answer:
this promise is enforceable only if it is agreed upon in writing
Explanation:
In the scenario described in the question it can be said that this promise is enforceable only if it is agreed upon in writing. This is because by putting it in writing all details of the contract are displayed for both parties to read/analyze and decide whether they actually want to agree to this agreement/contract or not. Once the contract is signed and agreed upon by both parties it can then be completely enforced because both parties knew exactly what they were getting into at the time of signing.
Answer:
D.
Explanation:
A treasury note is a form of currency that needs to get paid back with interest at a certain date.
Treasury notes, also known as T-notes, are issued by the US treasury. It earns a fixed interest rate every six months till it gets matured. The treasury notes get issued in terms of 2, 3, 5, 7, and 10 years. By issuing the treasury notes, the US government partially funds itself.
A treasury note is a promissory note that is to be paid back with interest.
Therefore, option D is correct.