Answer: C. use 0.8 fewer units of capital.
Explanation:
The Marginal Rate of Technical Substitution (MRTS) shows how much you can decrease capital or labor by in order to keep production constant if you increase either capital or labor.
It is calculated by the formula:
= Marginal product of labor / Marginal product of capital
= 4 / 5
= 0.8
<em>The firm should use 0.8 fewer units of capital in order to maintain the same production level. </em>
Answer:
Explanation:
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The supply of loan able funds, increases the interest rate, and discourages both consumption and investment. This process is called the <u>Interest Rate Effect</u>
Explanation:
The impact of a rise in the cost of borrowing on production costs due to price inflation within an economy.
The interest rate effect reflects the fact that most consumers and business finance managers will cut back on their borrowing activities when interest rates increase.
A full-service agency offers most or all of the services required to launch a campaign, including as research, ad copy and art creation, media planning, and final message production.
<h3>How is a full-service advertising firm structured?</h3>
Regardless of size, all advertising businesses typically consist of three main divisions or parts: account services, creative teams, and media professionals. Even though they may go by different names in different organizations, these items typically have the same functions.
<h3>What benefits do full service agencies offer?</h3>
In order to support a company's short- and long-term goals, a full-service digital firm can scale its efforts up or down. As a firm grows, its goals may change. A full-service digital marketing agency may quickly adapt to move in the same direction as a company.
Learn more about full service agency: brainly.com/question/1358062
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