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goldenfox [79]
2 years ago
7

A firm has to choose between two technologies; both produce same output with one being labor intensive and other being capital i

ntensive. The firm will use labor intensive technology when _________________.
Business
1 answer:
Sergio039 [100]2 years ago
7 0

Answer:

The firm will use labor intensive technology when the marginal product of using  labor intensive technology is greater than the marginal produce of capital intensive technology

Explanation:

Marginal product is the change in total product when the amount of input used in changed by 1 unit

When choosing which form of technology to use, a firm would choose the technology that yields the highest marginal product

For example, imagine a firm can choose between using labour or capital in its production. When labour is increased frim 10 to 20 units, output increase from 100 to 500 units

when capital is increased frim 10 to 20 units, output increase from 100 to 200 units

Marginal product of labour = 500 - 100 / ( 20 - 10) = 40

Marginal product of capital = (200 - 100) / (20 - 10) = 20

Marginal product of labour is higher than the Marginal product of capital. the firm should be labour intensive

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You have recently won the super jackpot in the Washington State Lottery. On reading the fine print, you discover that you have t
icang [17]

Answer:

should choose option a

Explanation:

option a)

annuity due, 31 payments of $180,000 per year, 6.25% discount rate

Present value = $180,000 x 14.40432 (PV annuity due factor, 6.25%, 31 periods) = $2,592,726

option b)

$500,000 today + ordinary annuity, 30 periods, 6.25%, $144,000

present value = $500,000 + ($144,000 x 13.40432 [PV annuity factor, 6.25%, 30 periods)] = $2,430,222

6 0
2 years ago
Drifting off the pavement will cause ______. a pitch motion back tire traction loss an uneven shift in balance front tire tracti
kaheart [24]

Drifting off the pavement will cause front tire traction loss. When you understeer on a slippery surface around a bend or curve, you lose front tire traction.

<h3 /><h3>What is tire traction?</h3>

Traction is described as "the capacity of a wheel or tire to maintain contact with the ground without slipping." This is especially critical while driving on slick terrain, such as snow.

<h3>What factors influence tire traction?</h3>

Traction is created when multiple forces push against one another at the same time, forming a strong grip between them.

In the instance of a car, we have the weight of the vehicle, the immovability of the road, the power of the engine, and the amount of flexibility a tire possesses.

Learn more about Tire traction:

brainly.com/question/28102749

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4 0
1 year ago
Which of the following scenarios makes Tim liable for undue influence? a. He uses a false identity, borrows $10,000 from Kelly,
dedylja [7]

Option C , Tim takes advantage of his grandmother's illness and persuades her to sign a will leaving all her property to him.

Explanation:

A individual who demonstrates excessive control may always be someone who has a special connection with the testator who has had the ability to render the testator vulnerable who affected by terms of danger, difficulty, manipulation.

Undue interference occurs mainly in areas of probate, trust and properties, power of attorney and custody.

Indecent influence is not usually a crime in itself, but it can be a means of committing a crime, including exploitation, fraud, domestic abuse and sexual assault.

8 0
3 years ago
Which sequence describes the long-run adjustment process in a competitive market when firms are experiencing short-run economic
dedylja [7]

Answer:

b. some firms exit, industry supply decreases, market price rises.

Explanation:

A perfect competitive industry is characterised by many buyers and sellers of homogenous goods and services. There are no barriers to entry or exit of firms.

If firms are making economic loss is the short run, in the long run, firms leave the industry. This leads to a fall in supply and prices rise as a result. In the long run, firms in a competitive industry earn zero economic profit.

I hope my answer helps you

7 0
3 years ago
Child labor is permitted and widely employed in Country X. A multinational company entering Country X decides to employ minors i
FromTheMoon [43]

Answer:

D : Cultural relativism

Explanation:

Cultural relativism is an idea that an action should be viewed in the context of the socio-cultural environment in question. If child labor is permitted in Country X, it implies that rival companies and competitors who use child labor will experience cheaper production cost and unless the multinational company does same, it may face the need to pul out of the market.

4 0
2 years ago
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