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
Naily [24]
3 years ago
9

Which of the following statements is (are) TRUE?

Business
2 answers:
tatiyna3 years ago
4 0

Answer:

I. If labor and capital are perfect substitutes in production, the isoquant is a straight, downward-sloping line.  

II. If a company needs to use inputs in fixed proportion such that the capital to labor ratio is always 2, the firm's isoquants are L-shaped.

Explanation:

Perfectly substittuable goods have straight downward sloping ICs, and have corner solutions .

Complementary goods (used in fixed proportions) are L shaped always , In case of min(x,y) function, the answer is the value of x or y which ever is minimum and not their sum.

Therefore, Only statements I and II are true.

dalvyx [7]3 years ago
4 0

Answer:

Only statements I and II are correct

Explanation:

Perfectly substittuable goods have straight downward sloping ICs, and have corner solutions

Complementary goods (used in fixed proportions) are L shaped always

In case of min(x,y) function, the answer is the value of x or y which ever is minimum and not their sum

You might be interested in
What do individual shareholders gain when they buy shares of a company’s stock?
Sholpan [36]
A partial ownership in the corporation.
3 0
3 years ago
6. Microsoft Word's spell checker
Helen [10]
B makes more sense it should be it
5 0
3 years ago
_____ makes it illegal to refuse to rent to a person who is disabled.
const2013 [10]
The appropriate response is the Civil Rights Act of 1968. It is a milestone part of enactment in the United States that accommodated break even with lodging openings paying little mind to race, religion, or national starting point and made it a government wrongdoing to "by constrain or by danger of compel, harm, scare, or meddle with anybody by reason of their race, shading, religion, or country.
4 0
2 years ago
Read 2 more answers
How did the shift to steam power lead to the growth of cities?
MA_775_DIABLO [31]
The shift to steam power contributed to the growth of cities in many way. Firstly, it provides a continuous source of power to industries, which leads to high level of productivity. The availability of jobs in the industries makes the people in the rural areas to migrate to the cities in search of greener pastures. Steam power also created a new and efficient means of transportation which make it possible to move people and goods over long distances in record time.
7 0
3 years ago
The Baldwin Company currently has the following balances on their balance sheet: Total Liabilities $135,759 Common Stock $52,705
LiRa [457]

Answer:

The correct option is the third one,$250,687

Explanation:

The key to ascertaining is accounting equation which that assets equal capital plus liabilities.

This implies that by determining the capital and liabilities,total assets sorted out.

  Common stock                                    $52,705

  *Retained earnings for the year          $62,223

Total equity and retained earnings     $114,928

total liabilities                                        $135,759

Total equity and liabilities                     $250,687

Total assets=total equity and liabilities=$250,687

Retained earnings for the year=prior year retained earnings+net profit-dividends paid

prior year retained earnings $40,723

net profit is $36,500

dividends is $15,000

*retained earnings for the year=$40,723+$36,500-$15,000=$62223

8 0
3 years ago
Other questions:
  • Which management perspective was shared by all in attendance at the dinner?
    8·1 answer
  • What would be the value of the bond described in Part d if, just after it had been issued, the expected inflation rate rose by 3
    7·1 answer
  • Koehn Corporation accounts for its investment in the ordinary shares of Sells Company under the equity method. Koehn Corporation
    13·1 answer
  • Josh, an electronics retailer, noticed that the e-commerce business was booming. He started an online shopping website to take a
    9·1 answer
  • Guinan Corporation uses direct labor-hours in its predetermined overhead rate. At the beginning of the year, the estimated direc
    12·1 answer
  • What is a buying plan and why is it important?
    10·1 answer
  • Suppose you deposit ​$1400 cash into your checking account. By how much will checking deposits in the banking system increase as
    13·1 answer
  • What is one benefit of purchasing saving bonds?
    11·2 answers
  • You have a credit card account with a previous balance of $635. You added two additional purchases for $75 and $50 during this b
    14·2 answers
  • There are many different sources of income. Usually, most of an adult's income comes from _____.
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!