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
Talja [164]
3 years ago
15

If labor and capital are perfect substitutes: A. isoquants are linear and downward sloping. B. cost-minimizing firms will genera

lly use only labor or only capital in production, depending on the relative prices of labor and capital. C. the elasticity of substitution between the inputs is infinite. D. All of the above are correct. E. None of the above is correct.
Business
1 answer:
nexus9112 [7]3 years ago
7 0

Answer:  (D.) All of the above are correct.

Explanation: If the factors of production are perfect substitutes then the following will hold true :

A. Isoquants are linear and downward sloping.

B. Cost-minimizing firms will generally use only labor or only capital in production, depending on the relative prices of labor and capital.

C. The elasticity of substitution between the inputs is infinite.

You might be interested in
A manufacturer with a product in the decline stage of the product life cycle would most likely decide to ________ if there is re
OverLord2011 [107]
<span>A manufacturer with a product in the decline stage of the product life cycle would most likely decide to let current stocks of the product run out if there is reason to believe that there will be a small but continuing demand for the product.

When there is a decline in demand of a product, an organization most likely will stop producing as much of the item to see if sales pick up. If they do not pick up, they will probably let everything run out so that they aren't in the hole with their product any longer and producing a product that is not selling. </span>
8 0
3 years ago
What percent of all businesses in the United States are corporations, and they account for 80% of the total business dollars gen
lesya [120]

Twenty percent of all businesses in the United States are corporations and they account for 80% of the total business dollars generated.

Explanation:

Small businesses account for more than 99% of America's 28.7 million corporations. The vast majority (88%) of employers are under 20, and nearly 40% of all businesses have less than 100 000 dollars of income. 20% of SMEs are contractor firms and 80% are non-employer businesses.

In reaction to concerns from their economic confidence to obstacles to their ownership, more than 2000 existing and potential companies across the country have responded.

The business environment is always evolving in the United States. The changing business environment is driven by new technologies, developments, and policies.

5 0
3 years ago
Lumeris Inc., an automobile manufacturer, has an inflexible work schedule and requires its workers to work nine hours a day and
jonny [76]

Answer:

The correct answer is letter "B": nonphysical constraints.

Explanation:

According to the Theory of Constraints (TOC) a constraint is a limiting factor that does not enable companies to perform their work at their maximum capacity for their goals' achievement. In the same sense, nonphysical constraints are not material factors negatively influencing employees' actions. Wages cuts, reduction of benefits, unclear lines of command are examples of that kind of constraint.

4 0
3 years ago
Suppose there is a large increase in the money supply in an economy that previously had low inflation. As a consequence, aggrega
hoa [83]

Answer:

It illustrates that the classical model of the price level best applies to economies with persistently high inflation.

Explanation:

When a very low inflation rate has been constant in an economy, and the money supply increases suddenly, in the short run that change will not immediately increase the inflation rate, but instead it will increase real output.

Classical economists argue that an increase in the money supply will immediately affect the inflation rate, but that theory applies mostly to economies that have a certain level of inflation. For example, for the past 12 years, European nations have been experiencing very low inflation rates, sometimes even negative rates. But during that same period, the European Central Bank has carried on a huge expansionary policy. It favored economic growth, although not as much as expected, but it didn't skyrocket inflation rate as the classical economy model predicted.

3 0
3 years ago
Credit terms are terms for a.when payments for merchandise are to be made with cash. b.when the payments for merchandise are to
tatiyna

Answer: b.when the payments for merchandise are to be made.

Explanation:

Credit terms refers to the payment terms which are mentioned on the invoice when a good is bought.

Credit terms are terms for when payments for merchandise are to be made. Credit Terms are made during sales on account. The credit term shows the discount rate tahts offered to the costumer and the time limit that the creditor is expected to pay.

8 0
2 years ago
Other questions:
  • Which of the following is not a valid FICO credit score? A.575 B.775 C.875 D.675
    13·2 answers
  • After 8 years of working for a company that installed underground sprinkling systems for golf courses, Trevor was ready to ventu
    9·1 answer
  • The specific protection that the insurer provides to the policy holder is known as which of the following?
    7·2 answers
  • Sell or Process Further
    6·1 answer
  • A CSR should not use email, newsletters, managers and other
    7·1 answer
  • On April 1, Sharon Lee established Lee's Travel Agency. The following transactions were completed during the month.
    5·1 answer
  • Pearl Company has been having difficulty obtaining key raw materials for its manufacturing process. The company therefore signed
    10·1 answer
  • Suppose the price elasticity of demand for a product is 0.5. If a supplier wants to increase revenue, what change should it make
    14·1 answer
  • What is the routine business of fmcg
    5·1 answer
  • The ability to capture and analyze all customer interactions, generate appropriate responses, and gather data to create and buil
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!