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Damm [24]
3 years ago
15

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 _________________. Select the correct answer below: wages are less than the interest rate total cost of labor is less than total cost of capital average variable cost is less than average fixed cost labor is more productive than capital
Business
1 answer:
Whitepunk [10]3 years ago
8 0

Answer:

total cost of labor is less than total cost

Explanation:

In the case when the firm would use the labor intensive technology at the time when the marginal product from labor intensive would be more than the marginal product of capital intensive this is due to the rise in the firm benefit as the firm would produce and sell more

The other thing is that the cost of labor intensive would be less than the capital intensive cost. This cost would benefit the organization with respect to the decision making

You might be interested in
lee reed, marisa a. pagnattaro, et al., the legal and regulatory environment of business (18th or 19th edition mcgraw-hill irwin
timurjin [86]

19th Edition of The Legal and Regulatory Environment of Business

By Julie Manning Magid, Daniel Cahoy, Peter Shedd, and Marisa Pagnattaro ISBN10: 1260734285 ISBN13: 9781260734287

An extremely dependable, simple-to-use online homework and learning management solution that incorporates cutting-edge adaptive tools and learning science to enhance student performance.

The Legal and Regulatory Environment of Business, 19th Edition, by Marisa Pagnattaro, Daniel Cahoy, Julie Manning Magid, and Peter Shedd is available for free download as an eBook, PDF, EPUB, and other digital formats. Detailed and scientifically thorough writing that is acceptable for use as a university reference. It's a requirement that both lecturers and students read this book. Book publishers have already worked for businesses. obtainable as a hardcover, paperback, and e-book. You have the option of paying for or using free digital formats.The English-language book, published on February 1st, 2021, was written by four scientists. This book has been translated into a number of different languages for distinct nations.

The totality of all external and internal influences on a business can be referred to as the business environment. It's important to remember that a firm can be impacted by both internal and external influences acting in concert. An external component that affects the internal environment of corporate activities, for instance, is a health and safety legislation. Additionally, you have no influence over some outside variables. These elements are sometimes referred to as external constraints. Let's examine some important environmental aspects.

To learn More about business environment from the given link.

brainly.com/question/26589766

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6 0
2 years ago
Hollyfield Corporation sold a piece of equipment on September 30, 2018 for $201,000 cash. The equipment had been purchased on Ja
PilotLPTM [1.2K]

Answer:

$2,000

Explanation:

the gain or loss on disposal is

6 0
3 years ago
Calculate the average stock in a department with annual sales of $1,840,000 and an annual stock turnover of 5.4.
Ksivusya [100]

Answer:

$366,667

Explanation:

Average stock can be regarded as stock at the beginning of the period as well as stock towards ending of it

Given:

annual sales =$1,840,000

annual stock turnover =5.4.

average stock can be calculated as

average stock =annual sales/

annual stock turnover

= 1,840,000/ 4.5

= $366,667

Hence the average stock in a department is $366,667

7 0
3 years ago
Eight years ago you purchased an asset for $100,000 that has yielded a nominal capital gain of $30,000. If you sold the asset to
xz_007 [3.2K]

Answer: $8,400

Explanation:

Tax liability for a year is computed on the nominal capital gain as of that year not the inflation-adjusted gain. As such, should the asset be sold today, the capital gains tax of 28% will be computed on the capital gain of $30,000 in the following manner;

= 28% * 30,000

= $8,400

5 0
3 years ago
Red Bison Petroleum Producers Group is expected to generate $140,000,000 in net income over the next year. Red Bison Petroleum P
pashok25 [27]

Answer:

Detailed solution is given below:

6 0
3 years ago
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