Answer:
d. the increases in wheat harvested will get smaller and smaller.
Explanation:
A marginal rate of technical substitution (MRTS) can be defined as an economic principle which is typically used to represent the rate at which a factor such as capital must decrease so that the same level or quantity of production is maintained when another factor such as labor is changed (increased).
An isoquant is the slope of a marginal rate of technical substitution (MRTS) which connects the two input factors provided that the level of output or production is the same.
Also, the diminishing marginal rate of technical substitution refers to the decline (fall) in marginal rate of technical substitution (MRTS) along an isoquant that produces the same quantity (level) of output.
When an isoquant has a diminishing marginal rate of technical substitution, the corresponding isoquants are convex to the origin. Thus, the marginal rate of technical substitution (MRTS) would continue to diminish as more of a factor such as capital is used.
If we add successive laborers to work a given amount of land on a wheat farm, eventually the increases in wheat harvested will get smaller and smaller.
Answer: d. 30%
Explanation:
Global brands are companies that have achieved international success such that they are recognised in many other countries apart from their own and have many customers in other countries as well.
However, simply being known abroad does not classify a company as a global brand. The company must be generating sufficient revenue from their operations outside as a proportion of their total revenue their home country with sufficient meaning at least 30% of their revenue.
The one entrepreneur that i admire is Jeff Bezos. Reason why i admire him- The founder and CEO of Amazon has been relentless in his pursuit of building the most dominant, customer-focused enterprise in modern history.
Who founded Amazon and why?
When Amazon was founded on July 5, 1994, as a website that only sold books, founder Jeff Bezos had a vision for the company's explosive growth and e commerce domination. He knew from the very beginning that he wanted Amazon to be "an everything store
How did Jeff Bezos start Amazon?
With $1 million raised from family and friends, Bezos rented a house in Seattle and set up his business in the garage. For nearly a year, Bezos and a crew of five employees worked out of the garage, learning how to source books and setting up a computer system that would make Amazon.com easy to navigate
How rich is the owner of Amazon?
Jeff Bezos' net worth surpassed $200 billion as of November 2021, making him the world's second-richest person. Bezos is perhaps most well known as the founder and former chief executive officer (CEO) of Internet giant Amazon. He remains the executive chair of the company.
Learn more about Jeff Bezos:
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Answer: interest
Explanation:
Notes payable occurs when a promissory note is issued to the bearer by the firm. Notes payable can either be short term which is within a year or long term which is more than a year.
The difference between the amount received from issuing a note payable and the amount repaid at maturity is known as the interest.
