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AURORKA [14]
3 years ago
9

Read the argument below and determine the underlying principle that was used to come to the conclusion presented: A free college

education for every citizen is important because it helps the United States create the best-educated workforce in the world. European countries like Germany are able to provide a free college education to their citizens, and the United States should as well. Which other argument uses the same underlying principle as the argument above?
a. Children should get free dental care, even if they drink a lot of soda which causes cavities.
b. Children should get free dental care because it will help prevent more serious issues later on and reduces future healthcare costs.
c. Every child should get free dental care, even if they can afford to pay for it.
Business
1 answer:
malfutka [58]3 years ago
7 0

Answer:

1. The underlying principle is

to create the best-educated workforce in the world.

2. The argument that uses the same underlying principle as the argument  1 above is:

b. Children should get free dental care because it will help prevent more serious issues later on and reduces future healthcare costs.

Explanation:

The underlying principle is a general rule which can be applied to different situations.  It shows the reason for doing something or embarking on a program.  For example, to offer free college education for every U.S. citizen, the underlying principle is to "create the best-educated workforce in the world."

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If capital rents for $25 per unit per hour, labor can be hired for $9 per unit per hour, the level of total factor productivity
Soloha48 [4]

Answer:

Following are the solution to the given question:

Explanation:

The decrease of a marginal input return implies that its input is increasing by one unit, thereby decreasing its marginal input product.

Function of production

F(K, L) = AK^{\frac{3}{4}} L^{\frac{3}{4}}

Its capital products subject (MPK) is derived by differentiating the factor of production from K.

MPK = \frac{3}{4}\times AK^{\frac{3}{4}} - 1L^{\frac{3}{4}}\\\\MPK = \frac{3}{4}AK^{-\frac{1}{4}}L^{\frac{3}{4}}\\\\MPK = \frac{3}{4}\times A\times (\frac{L^{\frac{3}{4}}}{K^{\frac{1}{4}}})

Note: When a value is changed from numerator to denominator, then the power symbol shifts between positive to negative.

Since k is in the denominator, K decreases \frac{3}{4}\times A\times (\frac{L^{\frac{3}{4}}}{K^{\frac{1}{4}}}), and therefore MPK is reduced.

There's hence a decreased effective return on capital again for production function.

Its marginal labor product (MPL) is determined by distinguishing the manufacturing function from L.

MPL = (\frac{3}{4})\times AK^{\frac{3}{4}}L^{\frac{3}{4}}-1\\\\MPL = (\frac{3}{4})AK^{\frac{3}{4}}L^{-\frac{1}{4}}\\\\MPL = (\frac{3}{4})\times A\times (\frac{K^{\frac{3}{4}}}{L^{\frac{3}{4}}})

The denominator of L reduces L (\frac{3}{4})\times A\times (\frac{K^{\frac{3}{4}}}{L^{\frac{3}{4}}}) and therefore reduces MPL.

So there is a decreasing marginal return to labor in the production function.

4 0
3 years ago
Crane Corporation's computation of cost of goods sold is:
slava [35]

Answer:

16.64 days

Explanation:

Given the above information, we will calculate the average days to sell inventories with the formula below;

Average days to sell inventories = [Ending inventory / Cost of goods sold] × 100

Ending inventory = $72,000

Cost of goods sold = $432,800

Then, Average days to sell inventories

= [$72,000 / $432,800] × 100

= 16.64 days

Therefore, the average days to sell inventory for Fry are 16.64 days

5 0
3 years ago
Jacob lost his wallet but did not report his credit card lost until 3 days later. When he checked his balance, he saw 5 unauthor
Leviafan [203]

50$ for fees and expenses

4 0
4 years ago
Read 2 more answers
In your own words: what is the relationship between organizing and controlling?
Ronch [10]

That both are like staying on task and staying good.

6 0
3 years ago
You buy an 8-year $1,000 par value bond today that has a 6% yield and a 6% annual payment coupon. In 1 year promised yields have
jolli1 [7]

Answer:

A. 0.61%

Explanation:

Calculation for what your 1-year holding-period return

Based on the information given the $1,000 par value bond will be the price for the year and we should also take note that YTM also equals the coupon rate.

We are going to use calculator to find what the following year's price will be

N = 7

I/Y = 7

PMT = 60 (60%×$1,000)

FV = 1,000

CPT PV -946.11

Now let calculate how much we would have at the end of 1 year

$946.11 + $60

= $1,006.11

Last step is to calculate for what your 1-year holding-period return

Holding-period return = $1,006.11/$1,000 - 1

Holding-period return= 0.61%

Therefore your 1-year holding-period return was 0.61%

4 0
4 years ago
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