Answer:
C. the greater is the marginal productivity of labor relative to that of capital
Explanation:
An isoquant is a curve that shows all the combinations of inputs that yield the same level of output.
When adding one factor holding the other factor constant inevitably, leads to lower output levels, the isoquant must become steeper, as more capital is added instead of labour, and flatter when labour is added instead of capital. Returns to capital even decline.
Answer:
TRUE
Explanation:
Kleister Company:
1. Issues bonds for $100 million - INFLOW
2. Repays a long-term notes payable of $10 million. - OUTFLOW
3. The company also repurchases its own shares for $12 million - OUTFLOW
4. Issues stock dividends with a market value of $5 million. - NOT A CASH FLOW
It is therefore true that Net cash flow from financing activities will be: $78 million [100 million - 10 million - 12 million] since the dividends are stock dividends not cash dividends
Answer:
C. Professional Ethics.
Explanation:
Ethics are moral qualities which governs a persons behavior. A person is sometimes in an ethical dilemma scenario where he has to take decision which might impact his ethical values. Professional ethics is a situation where a person thinks how his decision will be viewed by an independent jury or audience.
Answer:
Option (D) is correct.
Explanation:
Given that,
Current market price = $7.50
Average variable cost = $8.00
Average total cost = $8.25
It can be seen from the above information that current market price is less than the average variable cost, i.e, $7.50 < $8.00.
Mrs. Smith should shut down its production in the short run as well as in the long run until the point where current market price is greater than or equal to average variable cost.
Answer:
IF WOOL MEN CHARGES $3100 PER STUDENT,THEN CONTRIBUTION PER STUDENT=
CHARGES PER STUDENT =$3100
LESS:VARIABLE COST
SUPPLIES ($350)
ASSISTANT SALARY ($155)
($7000/45)
CONTRIBUTION $2595
COST PER STUDENT:
SUPPLIES $350
OFFICE ($7000/45) $155
INSURANCE ($40000/240*) $167
REPAIR ($32000/240) $133
AND MAINTENANCE
DEPOSIT ($60000/240) $250
TOTAL $1055
Explanation:
The given table will elaborate it more.
