Answer:
$10
Explanation:
The marginal rate of technical substitution (MRTS) is an economic theory that illustrates the rate at which one factor must decrease so that the same level of productivity can be maintained when another factor is increased.
DATA
Marginal Product Labor (MPL)= 12
Marginal Product Capital (MPk) = 20
Price of labor = w = 6
Price of capital = r
Solution
Marginal rate of technical substitution = MPL/MPk
Marginal rate of technical substitution = 12/20
Marginal rate of technical substitution = 3/5
At optimal choice MRTS = PL/Pk
MRTS = w/r
3/5 = 6/r
3r = 30
r = 30/3
r = 10
The MARGINAL tax rate is the percentage of additional earnings that goes to taxes.
Marginal tax rate stands for the amount of tax paid on any additional income. It is based on progressive tax system that increases with the increase of an individual's income. Thus, it varis with the income of an individual.
Answer:
a.) Require all project resources to work overtime
Explanation:
If a project manager requires all project resources to work overtime, he or she is not reducing overload among project resources, but actually increasing it, with the potential negative implications that his action may entail.
The other three methods or tactics described in the question are conductive to reducing work overload, either by reordering tasks (numerals a and b), or by including more workers in the project (numeral c).
Answer:
b. A cost that differs across decision alternatives.
Explanation:
When managers make business decisions, some costs are incurred when such decisions are made. They are called relevant cost. The main purpose of relevant cost is to avoid duplication of data that are not necessary, which could further make business decisions complicated.
Example of relevant cost is when a business or an organization checks whether or not to sell a business unit. The cost incurred in such decision is called relevant cost.
