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Digiron [165]
3 years ago
12

When capital is plotted on the vertical axis and labor is plotted along the horizontal​ axis, the marginal rate of technical sub

stitution​ (MRTS) of labor for capital along a convex isoquant A. declines as more and more labor is used. B. equals the negative of the slope of the isoquant. C. equals the marginal product of labor divided by the marginal product of capital. D. All of the above are correct. E. Only answers A and B are correct.
Business
1 answer:
vazorg [7]3 years ago
7 0

Answer: D. All of the above are correct.

Explanation:

The marginal rate of technical substitution (MRTS) refers to the economic theory which explains the rate at which a particular factor of production must reduce in order for the same level of productivity to be maintained when there's another production factor which is increased.

When the capital is plotted on the vertical axis and labor is plotted along the horizontal​ axis, then the marginal rate of technical substitution​ of labor for capital along a convex isoquant will reduce as more and more labor is used. Also, the MRTS equals the negative of the slope of the isoquant and equals the marginal product of labor divided by the marginal product of capital that's MRTSL,K=-MPL/MPK

Therefore, the correct option is All of the above.

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Suppose that the nominal interest rate in Japan is only 5.0 percent, while the comparable rate in the United States is 7.0 perce
Eduardwww [97]

Answer: Japan has the higher real interest rate.

Explanation:

Japan:

Nominal interest rate = 5%

Inflation rate = 2%

Real interest rate = Nominal interest rate - Inflation rate

= 5 - 2

= 3%

United States:

Nominal interest rate = 7%

Inflation rate = 6%

Real interest rate = Nominal interest rate - Inflation rate

= 7 - 6

= 1%

∴ Japan has the higher real interest rate.

4 0
3 years ago
If retention is so much more profitable than acquisition, why have companies persisted for so long in spending more on getting n
Vsevolod [243]
Companies persisted for so long because business managers kept a good readout way for governors
6 0
4 years ago
Credit Losses Based on Accounts Receivable At December 31, Schuler Company had a balance of $364,900 in its Accounts Receivable
timama [110]

Answer:

a. First calculate the adjusting entry to record allowance.

Uncollectible for the year is;

= (303,000 * 1%) + (42,000 * 5%) + (17,000 * 15%) + (8,000 * 40%)

= $10,880

Adjusting entry = Uncollectable amount - Credit balance on allowance

= 10,880 - 4,200

= $6,680

DR Bad Debt Expense                                                     $6,680

     CR Allowance for Doubtful accounts                                      $6,680

b.

Current Assets:

Accounts Receivable                                      $370,000

Less: Allowance for doubtful accounts         ($10,880)

                                                                           $359,120

Current Liabilities

Customers Overpayments                                $5,100

The current liability above arises from the credit balance of $5,100 in the Accounts receivable account. Accounts Receivable should have a debit balance so if a credit balance occurs it is an overpayment by a customer.

4 0
3 years ago
while performing a job analysis, lilia, the human resource manager, wrote the following job description and job specification: "
Free_Kalibri [48]

The job specification for the job that we have here is:  requires strong oral communication

<h3>What is a job specification?</h3>

This is the term that has to do with all of the physical qualities that a person would need to have in order to have them qualified to do well in a given job.

The specification helps to tell all of the qualities that the person needs to have. In the question that we have here, the quality that the candidate is to have is the ability to be able to communicate well.

Others are based on experience and the qualification that the candidate possesses.

Read more on job specification here: brainly.com/question/4677114

#SPJ1

Complete question

'While performing a job analysis, Lilia, the human resource manager, wrote the following job description and job specification: "Entry level accountant. Responsible for general ledger accountability, (GAAP), financial reporting and analysis, and other special projects as assigned. Requires strong oral and written communication. This is a full-time, entry-level position. Candidate must have a two-year degree or equivalent work experience; recent college grad with B.S. in accounting or finance." What is the job specification for this position?

Multiple Choice

requires strong oral and written communication.

two-year degree or equivalent work experience; recent college grad with B.S. in accounting or finance

entry-level accountant

full-time employee

6 0
1 year ago
When creditors, managers, and investors look at expenses as a percentage of revenue, they are __________.
sineoko [7]

Answer:

Doing a financial statement analysis.

Explanation:

Financial statements can be defined as a document used for the formal communication or disclosure of financial information and statements to present and potential users such as investors and creditors. These includes balance sheet, statement of retained earnings and income statement.

Financial statement analysis can be defined as the process of analyzing, estimating and reviewing the financial statements of a business firm or organization in order to make better economic decisions and profits in the future.

Hence, when creditors, managers, and investors look at expenses as a percentage of revenue, they are doing a financial statement analysis.

7 0
3 years ago
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