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slava [35]
3 years ago
12

Suppose that the price of labor is $7 for a firm, while the price of capital for a firm is $10. Also suppose that the Marginal P

roduct of Labor is 20, while the Marginal Product of Capital is 30. What is the best advice for this profit-maximizing firm?
Business
1 answer:
Slav-nsk [51]3 years ago
4 0

Answer:

The best advice for this profit-maximizing firm is:

Use more capital than labor.

Explanation:

a) Data and Calculations:

Price of labor = $7

Price of capital = $10

Marginal product of labor = 20

Marginal product of capital = 30

Productivity of labor = Output/Input

= 20/7

= 2.86

Productivity of capital = Output/Input

= 30/10

= 3

b) Capital is more productive than labor.  The productivity of capital is 3 when compared to the productivity of labor, that is 2.86.

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Under variable costing, costs that are treated as period costs include: A. only fixed manufacturing costs. B. both variable and
kiruha [24]

Answer:

C. all fixed costs.

Explanation:

Under variable costing, all fixed cost are period cost. This make them non-capitalizable

Are treated as expenses and impact entirely on the net income

In other method some fixed cost are capitalzied through inventory but, in variable costing is not the case.

The only capitalized cost are the variable cost using this method.

5 0
3 years ago
How can improving one’s reasoning skills also improve one’s performance on the job? If one can improve one’s reasoning, one can
Firdavs [7]

Answer:

Improving Reasoning Skills:

If one can improve one’s reasoning, one can perform anything.

High-performing workers are able to analyze sophisticated streams of data and solve complex problems.

Explanation:

Reasoning skills assist one to think critically, analyze complex problems, evaluate various solutions, and summarize wider issues and information.  Thus enabled, the reasoning professional can help her organization to success by tackling problems and coming up with workable solutions.  In today's organizations, leadership belongs to those who can distinguish themselves as problem-solvers.  This is why it is important to hone one's reasoning and critical thinking skills in order to be a solution provider.

4 0
3 years ago
Butler Automotive developed a new diagnostic testing procedure that is expected to increase sales by $10,000 per month. As more
Bas_tet [7]

Answer:

A

Explanation:

Working capital are the components of the current assets that represents liquidity , readily available for day to day business operation.

It is made up of cash , receivable , payable , inventory balance .

Due to the new development in the business of Butler automotive , there is an upsurge in the demand for oil which has led to the increase in the oil inventory to the tune of $5,000

This means that the required working capital of Butler also has to increase to meet up with the demand.

6 0
3 years ago
You purchase a bond with a coupon rate of 8.6 percent, a par value of $1,000, semiannual coupons, and a clean price of $860. If
arlik [135]

Answer:

The answer is $881.5

Explanation:

Solution

Given that:

The accrued interest is  refers to the payment (coupon) for the time with the fraction of the time that has exceed since the last coupon payment.

Since we have a semiannual coupon bond, the coupon payment for six months is 1/2 of the annual coupon payment.

Three months has exceeded since the last coupon payment.

So the accrued interest for the bond is given below:

Accrued Interest = $86/2 * 3/6

= $21.5

Thus

The price (dirty) = Clean Price + Accrued Interest

= $860 + $21.5

= $881.5

Therefore the invoice price is $881.5

4 0
4 years ago
20 POINTS FOR THE ANSWER
Furkat [3]

Digital printing is best used for items that require high amounts of detail and smaller quantity orders. Unlike conventional printing, there are no pre-press stages between the digital document files and the final product; there is also no need for messy formatting equipment like film plates or photo chemicals.

<h3>What is the evolution of printing?</h3>

The printing is credited as the earliest form and was first developed in China around 200AD. As the name suggests, it involves carving a design into a block of wood. Once the wood is carved, the raised part is then inked and paper is placed on top.

It's been 20 years since Israeli Benny Landa revolutionized the printing industry with the advent of digital printing, and industry watchers say the inventor may have repeated the feat with a new product unveiled.

Learn more about digital printing here,

brainly.com/question/12472029

#SPJ1

6 0
2 years ago
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