Answer:
Partnership
Explanation:
When you share ownership of a company, you are partnering with someone.
Answer:
150
Explanation:
As we know that
The marginal rate of technical substitution (MRTS) = Marginal product of labor ÷ Marginal product of capital
where,
The marginal rate of technical substitution (MRTS) = 0.20
And, the marginal product of labor is 30 chips per hour
So, the marginal product of capital is
= 30 chips per hour ÷ 0.20
= 150
The marginal rate of technical substitution (MRTS) shows a relationship between the marginal product of labor and the marginal product of capital
The Uniform Securities Act governs such actions and by performing these actions, the IAR has:
Performed an unethical business practice
Broken his fiduciary duty and created a conflict of interest
The Model Rule on Unethical Business Practices does not allow the loaning or borrowing of a client and an investment advisory representative or IAR because this may constitute a conflict of interest.