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Semenov [28]
3 years ago
6

A compay operates plants in both the United States (where capital is relatively cheap and labor is reltively expensive) and Mexi

co (where labaor is relatively cheap and capital is relatively expensive) Under what circumstances will the inpupt choice be relatively similar?
Business
1 answer:
SSSSS [86.1K]3 years ago
3 0

Answer: The input choice will be relatively similar when prices and the marginal product of both capital and labor are equal.

Explanation:

For a cost minimizing output, it is required for a firm to employ resoruces where the MPl/Pl = MPk/Ok

Note that:

MPl = marginal product of labor

Pl = labor price

MPk = marginal product of capital

Pk = capital price

A firm that has cheap capital resources will employ more capital likewise the company that has cheap labor resources will employ more of labor.

The input choice will be relatively similar when prices and the marginal product of both capital and labor are equal.

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True or False: An ethical decision framework is useful because it can be relied on to give the manager guidance when considering
navik [9.2K]

The ethical decision framework is useful for providing guidance to the manager.

<h3>What is an ethical decision framework?</h3>

This is the document that gives a provision of the steps that have to be taken by an organization when they are faced with ethical dilemmas.

The answer to this question is true. The framework is useful for the provision of guidelines.

Read more on ethics here: brainly.com/question/13969108

5 0
3 years ago
How do prices serve as signals and incentives to producers to enter a particular market? to leave a certain market?
Evgen [1.6K]
Several factors go into this answer. First . Producers must be cognizant of whether the market place is suitable for their goods and or services by determining the profit margin. Often times there are variable costs (a component required to make the product or service for sale.) For instance, if one is selling laptops and all the components inside are at a low cost but when put together ...you can sell it for a higher price than what it cost make. But if the cost of one component , lets say for example the hard drive goes up in price by 3 times what ot originally cost, then it may not be profitable to sell that laptop and you would exit the market. If that same hard drive dropped in price, theoretically, one would re enter that market.
3 0
3 years ago
Evaluate the set of events below. Determine how the events will impact their respective markets. a. In examining the market for
k0ka [10]

Answer:

One thing to clear ab initio is that equilibrium quantity and price are achieved when the demand and supply curves intersect at a point.  Therefore, at equilibrium, the demand and supply in quantity are equal.

a) If a technological improvement reduces the cost of product, the equilibrium price will reduce and equilibrium quantity will be equal to the quantity demanded and supplied.

b) If there is a reduction in the number of sellers, the equilibrium price will increase and the equilibrium quantity will be equal to the quantity demanded and supplied.

c) If there is a tax levied on the sellers of apps, the equilibrium price will increase and the equilibrium quantity will be equal to the quantity demanded and supplied.

Explanation:

a) The market is in equilibrium when the supply and demand curves intersect, meaning that the quantity demanded and quantity supplied are equal.  The price and quantity at which this intersection occurs are called the equilibrium price and equilibrium quantity respectively.   In economics,  when quantity supplied equals quantity demanded, an equilibrium situation is achieved, and it is represented by this equation: Qs = Qd; where Qs is quantity supplied and Qd is quantity demanded.

b) Equilibrium price reduces when there is a cost reduction and more supplies are pushed to the market to meet demand.

c) When suppliers leave the market, it means that the market price and demand are no longer attractive and beyond their individual influence.  This leads to a reduction in quantity supplied overall.

d) Sales tax increases the price of goods and services, and equilibrium will be achieved when there consumers demand the product with increased price and sellers are willing to produce and sell at such a price.

5 0
4 years ago
Which of the following goods is nonrival?
arsen [322]
A tuna in the ocean
6 0
3 years ago
Howie’s Carpet World has just received an order for carpets for a new office building. The order is for 4,000 yards of carpet 4-
Murrr4er [49]

Answer:

the question is missing the part of the cutting patterns required:

  1. 4,000 yards of 4 ft wide carpet
  2. 20,000 yards of 9 ft wide carpet
  3. 9,000 yards of 12 ft wide carpet

2) in order to obtain the 20,000 yards of 9 ft wide carpet, the company must purchase 10,000 yards of 18 ft wide carpet = (10,000 / 100) x $1,400 = $140,000

1) if you buy 1,000 more yards of 18 ft wide carpet, you will be able to get the 4,000 yards of 4 ft wide = (1,000 / 100) x $1,400 = $14,000.

You could also purchase 1,400 yards of the 12 ft wide carpet (you will also get the 4,000 yards that you need) at the same cost = (1,400 / 100) x $1,000 = $14,000

3) finally you must purchase 9,000 yards of 14 ft wide carpet to get the remaining 9,000 yards of 12 ft wide carpet = (9,000 / 100) x $1,000 = $90,000

total cost = $140,000 + $14,000 + $90,000 = $244,000

5 0
3 years ago
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