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pashok25 [27]
3 years ago
11

The price of labor is $1,000 per day, and the price of capital is $3,000 per day. To hire inputs in a cost-minimizing way, the f

irm should
Business
1 answer:
olga nikolaevna [1]3 years ago
3 0

Answer:

make no changes to the mix of inputs

Explanation:

Since in the question it is mentioned that the labor marginal product is 30 square feet and the capital marginal product is 90 square feet also the labor price is $1,000 and the capital price is $3,000 now to hire the inputs in order to minimize the cost the firm should not do any kind of changes with respect to the input mix

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masya89 [10]
Background checks, I would assume.
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3 years ago
Firms might be tempted to cheat on the collusive agreement because each firm could achieve multiple choice 8 increased sales. hi
blagie [28]

Through price collusion, each firm would achieve higher profits.

When competing businesses agree to cooperate, such as by raising prices in order to increase profits, this is called collusion. Collusion is a strategy used by businesses to increase profits at the expense of customers and lowers market competition.

Lower consumer surplus, higher prices, and more profits for the colluding businesses are the results of collusion. It may enable oligopolists to exercise monopoly power and increase their group earnings. In an oligopoly, businesses have a strong incentive to work together.

Collusion may be a tactic used in times of unproductive economic circumstances to try and rescue the industry and save companies from going out of business, which would not be for the long-term benefit of consumers.

To learn more about collusion

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6 0
1 year ago
Pedro sells investment land on September 1, 2019. Information pertaining to the sale follows: Adjusted basis $25,000 Selling pri
bearhunter [10]

The tax consequence in 2019 is $10584 while the tax consequence from 2020 to 2023 will be $13229.

Bases on the information given, the realized gain will be:

= $90000 - $25000 - $1500

= $63500

The gross profit percentage will be:

= 63500/(90000 - 18000) × 100

= 63500/72000 × 100

= 88.19%

The tax consequence in 2019 will be:

= $12000 × 88.19% = $10584

The tax consequence in 2020 will be:

= $15000 × 88.19% = $13229

The tax consequence in 2021 will be:

= $15000 × 88.19% = $13229

The tax consequence in 2022 will be:

= $15000 × 88.19% = $13229

The tax consequence in 2023 will be:

= $15000 × 88.19% = $13229

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8 0
2 years ago
1. Stock A has an expected return of 7%, a standard deviation of expected returns of 35%, a correlation coefficient with the mar
posledela

Answer:

Option A is riskier

Explanation:

In this question, we want to know which of the two stocks is riskier.

To answer this, we can use the standard deviation of returns as a risk measure.

For a security with a big value for standard deviation of returns, its per period returns are wider making its range per day large.

Hence, what this means is that out of the two stocks, the one with a larger value of standard deviation of returns will guarantee more risk as it is expected to give a better ranges of price

Now back to the values in the question, we can see that the standard deviation of returns of stock A is greater than that of stock B which this makes it a more risky option

4 0
3 years ago
Rita is a customer service representative who is working toward a resolution with an unhappy customer. She has already set the t
Minchanka [31]

Answer:

work toward possible solutions

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3 years ago
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