The rate at which a firm is able to substitute one input for another while keeping the level of output constant is called the Marginal Rate of Technical Substitution (MRTS).
Definition of MRTS: The MRTS is the amount by which the quantity of one input can be reduced while maintaining the same level of output, by increasing the quantity of another input.
It represents the rate of substitution between two inputs in the production process, assuming that the output level remains constant.
For example, if a firm can reduce the amount of labor input by one unit and increase the amount of capital input by a certain amount, such that the output remains unchanged, the MRTS is the ratio of the change in capital input to the change in labor input.
Slope of isoquant: The MRTS can also be interpreted as the slope of an isoquant, which is a curve that represents different combinations of inputs that produce the same level of output.
The MRTS at a particular point on the isoquant indicates the trade-off between the two inputs at that point. A steeper slope indicates a higher rate of substitution between inputs, while a shallower slope indicates a lower rate of substitution.
Law of diminishing marginal rate of technical substitution: The concept of MRTS is closely related to the law of diminishing marginal rate of technical substitution, which states that as a firm substitutes one input for another while keeping output constant, the MRTS decreases.
In other words, the more of one input a firm has relative to another, the lower the MRTS becomes. This implies that it becomes increasingly difficult for a firm to substitute inputs at the same rate and maintain the same level of output as it moves along an isoquant.
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Which examples demonstrate common Production work environments? Check all that apply.
Craig is a self-employed Jeweler who works in his own shop.
Rashida works in a factory making parts for machinery.
Antonio works in a quiet office filing paperwork.
Mei spends most of her time on the telephone.
Norm stands for long periods while welding in a workshop.
Carolyn performs tests on materials in a laboratory.
((answer: A, B, E))
Answer:
The answer is A,B,E
Explanation:
Jus took the test and got a 100
The examples that demonstrate common production work environment are:
Craig is a self-employed jeweler who works in his own shop. works in a factory making parts for machinery.Norm stands for long periods while welding in a workshopWhat is Production work environment?Production work environment is a workplace environment where employees conduct their work. It is where one work, including the workspace and common work areas shared with others.
The above means that production work environment is where people carry out assembling work, production work, etc.
Hence, the examples that demonstrate common production work environment are:
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how can government create more employment
Answer:
The government can create more employment by Reducing Interest Rates.
Answer:
Reducing Interest Rates.
Explanation:
A woman sells her home for $450,000. She had purchased it for $300,000 and has lived there for three years. How much will she owe to IRS due to the gain on the sale.
Answer:
Everything
Explanation:
To re-enter the u. S. , your dissa re-entry signature must have been issued within how many months within the re-entry?.
To re-enter the US, your Unites States Visa re-entry signature must have been issued within 12 months
The United States Visa provides legal entry into the country and laws and regulations around immigration govern how long a person can remain in the country legally.
The rules can be different depending on your nationality, legal status in the US, immigration process status, etc.
However, for someone who is studying in the United States on a Student Visa, The I-20/DS-2109 re-entry signature must be issued within 12 months.
If for any reason, they enter the United States after these 12 months have passed, they would need a new travel signature for valid entry.
Most students will need to submit a new application for an I-20 request form for a new travel signature.
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tripp ran 4.8 times as many laps as tony if tony ran 3.7 laps how many laps did tripp ran
Answer:
17.76 laps
Explanation:
Tony ran 3.7 laps. tripp ran 4.8 time more.
tripp ran
=3.7 x 4.8
=17.76
Which statements apply to a certificate of deposit (CD)? Check all that apply. It is always purchased as a short-term investment. It can be purchased from a banking institution. It is always purchased as a long-term investment. It can be purchased for almost any amount. It is purchased through an individual's employer.
The statements that apply to a certificate of deposit include;
It can be purchased from a banking institution. It can be purchased for almost any amount.A certificate of deposit is a low-risk investment where the depositor fixes a sum of money in an account for a period of time after which he can collect the investment along with interest accrued. Banks and credit unions are the main financial institutions known for issuing certificates of deposits. It is quite similar to opening a bank account.
The flexibility obtainable from this investment plan allows depositors to fix amounts that are commensurate to their budgets. However, some financial institutions have minimum amounts that are required for certificates of deposit. Different institutions have varying interest rates, therefore, it is necessary to make proper research before opting for an institution.
Summarily, the statements that apply to a certificate of deposit are;
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Answer:
-It can be purchased from a banking institution.
- It can be purchased for almost any amount.
Explanation: just took the test
a lock-in effect the costs of switching from one network good to another network good.
A lock-in effect occurs when the cost of switching from one network good to another is prohibitively high.
This could be due to the significant costs associated with switching, such as learning a new system or the cost of new hardware and software. Additionally, customers may be reluctant to switch because they have already invested time into learning the existing network good, and may not be willing to invest more time into learning a new one.
This switching cost can create a barrier to competition, and can lead to monopolies in the network good market. In the long-term, this can lead to higher prices and reduced innovation for customers.
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If a company were to ignore the fact that the market value of its inventory is lower than its cost, then?
To avoid the issues, companies are generally required to use the lower of cost or market (LCM) method to value their inventory.
If a company were to ignore the fact that the market value of its inventory is lower than its cost, then it would have an inaccurate representation of its financial position. This is because the inventory is typically recorded on the balance sheet at cost, and if the market value is lower, it means that the company may be holding overvalued assets.
Ignoring this discrepancy can have several implications. Firstly, it can lead to misleading financial statements, which can impact the decisions of investors, creditors, and other stakeholders. Additionally, it can result in inflated profits and overstatement of the company's financial performance.
Furthermore, if the company continues to hold overvalued inventory, it may face challenges in selling it at the desired price, which can lead to losses and potential write-downs in the future.
To avoid these issues, companies are generally required to use the lower of cost or market (LCM) method to value their inventory. This means that if the market value is lower than the cost, the inventory should be written down to its market value, ensuring a more accurate representation of the company's financial position.
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why is it important to understand which insurance network you are in
Answer:
Because different insurance networks provide seperate benefits. For example a health insurance provider would give you injury-related insurances etc.
you decide to run a colleague test before a presentation to your stakeholders. what kinds of information might the exercise give you? select all that apply.
You decide to run a colleague test before a presentation to your stakeholders. The kinds of information that exercise might give you are.
What kinds of questions your stakeholders might askThe limitations of your dataWhich areas of your presentation are confusingWhat is stakeholders ?A stakeholder is a party with an interest in a business who may have an impact on or be affected by that firm.
Shareholders, customers, suppliers, and staff are a few examples of crucial stakeholders for a corporation. Stakeholders that are internal to the company include shareholders and employees. Others who are not a part of the company, such its clients and suppliers, are nevertheless impacted by the decisions it makes. Nowadays, it is more typical to discuss a wider range of external stakeholders, such as the governments of the nations in which the corporation works or even the general public.
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1. what 3.try to identify two possible weaknesses of the business case. role does a business case serve in project management?
A business case is an important document used in project management to evaluate the feasibility and potential benefits of a proposed project. The purpose of a business case is to provide decision-makers with a clear and concise assessment of the costs, risks, and benefits associated with a project, in order to help them determine whether it is worth pursuing.
The role of a business case in project management is to provide a comprehensive overview of the project, including its objectives, scope, budget, timeline, and expected outcomes. By providing this information, a business case helps project managers to justify the allocation of resources and support for a project, and it helps decision-makers to evaluate the potential benefits and risks associated with the project.
In order to effectively evaluate a project, it is important to identify possible weaknesses in the business case. Two possible weaknesses of a business case include:
Over-optimism: Business cases often rely on estimates and projections, and it is possible for these estimates to be overly optimistic. This can lead to a project that ends up being more expensive or taking longer than expected.Lack of consideration for external factors: A business case should take into account any external factors that may impact the project, such as changes in the market, technology, or competition. If these factors are not considered, the business case may not accurately reflect the true potential benefits and risks of the project.It's important to keep these potential weaknesses in mind when evaluating a business case, as they can help to ensure that the project is well-designed and that the resources allocated to it are used effectively. By providing a comprehensive overview of the project, a business case can help project managers to make informed decisions and to ensure that the project is successful.
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PLZ HELP this is Econ btw !!! How can technology as a determinant decrease supply? Explain or give
an example.
Answer:
as we simply know the technology degradation will increase the cost of production and decrease the profit and when there will be less profit the supplier supplies less goods in the market
hence the supply will decrease.
vice versa in the case of technology improvement.
is it fine?
Max chose to operate his production studio as a sole proprietorship even though his attorney cautioned that he was:
Answer:
exposing himself to unlimited personal liability
Explanation:
1. Given that widgets have a price elasticity of 1.75, any increase in widget price will ___ total revenue.
A) neutralize
B) decrease
C) increase
D) none of the above
Given that widgets have a price elasticity of 1.75, any increase in widget price will B) decrease total revenue.
Which scenario will result in an increase in total revenue?If the demand curve is elastic, raising the price will boost overall revenue. If demand is elastic, a price drop will boost overall revenue. An rise in price will result in a drop in overall revenue if demand is inelastic.
Price elasticity of demand is a notion used to quantify how sensitive consumers are to price changes. Formula for price elasticity: Ed is equal to the product of the percentage change in Qd and the price.
The quantity demanded of a product in relation to variations in the price of that product is measured by the price elasticity of demand coefficient for that good or service.
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Click this link to view O*NET's Work Activities section for Registered Nurses. Note that common activities are listed
toward the top, and less common activities are listed toward the bottom. According to O*NET, what are some
common work activities performed by Registered Nurses? Check all that apply.
communicating with supervisors, peers, or subordinates
making decisions and solving problems
repairing and maintaining mechanical equipment
drafting technical devices
assisting and caring for others
O documenting/recording information
Answer:
acdf
Explanation:
Answer:
C,D,E
Explanation:
right on Edge
Which is an example of a small business showing social responsibility to individuals within the company?
A. starting an office recycling program
B. developing sustainable business practice
C. donating money to local organizations
D. allowing employees to work from home
Starting an office recycling program, developing sustainable business practice and donating money to local organizations are examples of a small business showing social responsibility to individuals within the company.
Company have a social responsibility to the communities in which they operate. This includes ensuring that they are good corporate citizens, providing support for local causes and charities, and protecting the environment.
Sustainable business is a term that is often used to describe businesses that are environmentally friendly or that have a positive social impact.
Hence, the correct options are "A, B & C".
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clients often initially respond to confrontation by a. superficial agreement. b. repeating the inconsistency. c. denial. d. a and c.
Clients often initially respond to confrontation by A. Superficial Agreement
A client's initial response to confrontation can vary, but often they may respond with either superficial agreement, repeating the inconsistency, or denial.
Superficial agreement involves the client agreeing with the points being made but then quickly moving on, without really engaging with the issue or considering how it can be changed. Repetition of the inconsistency involves the client restating the same problem without actively engaging in any discussion about how to address it. Denial is a refusal to accept that there is any problem or that it is of any significance. In some cases, clients may respond with a combination of these responses (a and c).
In all cases, it is important to listen carefully to the client's response and try to move the conversation forward, either by exploring the source of the problem and how it can be addressed, or by exploring different perspectives and finding solutions that are mutually beneficial. Clients often initially respond to confrontation by A. Superficial Agreement
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A chord of a circle is l cm long. The distance of the chord to the center of the circle is h cm and the radius of the circle is r cm. express r in terms of l and h
Answer:
http://www.mrbartonmaths.com/resources/GCSE%20Revision/GCSE%20Maths%20Takeaway/4.%20Grades%20B%20to%20A-star/107.pdf
Explanation:
THis is published by me....
Qua E. Differentiate between the terms Public Sector and Private Sector
Answer:
The Public Sector consists of businesses that are owned and controlled by the government of a country. The ownership and control of the central or state governments in these organisations are either complete or partial. But it still holds a majority stake and makes every single decision regarding running the entity. These organisations include government agencies, state-owned enterprises, municipalities, local government authorities and other public service institutions.
Some of them can be non-profit organisations while others participate in commercial activities as well. It generally focuses on providing goods and services to the general public at relatively cheaper rates than private companies. Its main aim is to ensure the welfare of the general public within a country.
Explanation:
The Private Sector enterprises are owned, controlled and managed either by individuals or business entities. It can be small-scale, medium-scale or even large-scale organisations. These get formed to earn a profit from their business operations, and they can raise funding from individuals, groups, and the general public.
The different entities within the private sector include sole proprietorship, partnership, cooperative societies, companies and multinational corporations. They also focus on taking care of the needs of their customers to survive in the long run. Ever since the introduction of the New Economic Policy in 1991 by the Government of India, almost every industry in the country has opened up to the private sector. It has led to a phenomenal increase in the size of the Indian economy and its growth rates.
all four areas of social responsibility for firms (economic, legal, ethical, and discretionary) are of equal importance in a firm's overall level of social responsibility.
A company's overall level of social responsibility depends on all four dimensions of corporate social responsibility: economic, legal, ethical, and discretionary. This statement is true.
Corporate social responsibility, or CSR, is a business strategy that takes into account how an organization affects society, its workforce, and other stakeholders. CSR is used to reduce harm, conduct ethical business, be accountable along the entire global supply chain, engage in philanthropy, and develop a self-directed human resource management system.
Throughout the 1950s and 1960s, social activist organizations (as well as others) promoted corporate social responsibility. The message to be socially and environmentally conscious, however, didn't become crystal evident until the 1970s.
Carroll's methodology establishes consistency in an area lacking a precise, predetermined definition. However, since this model was created in 1991, it is no longer relevant in the current corporate climate.
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Correct question:
All four areas of social responsibility for companies (economic, legal, ethical, and discretionary) are equally important to a company's overall level of social responsibility. True or false.
define sale trading
Answer:
A trade sale is the sale of a company, or part of a company, to another business that will carry on the company's trade
Franklin Corporation has an opportunity to purchase bonds at a rate of 11%. They are in the 34% tax bracket. What is the after tax yield on these bonds?
a) 5.93%
b) 9.62%
c) 3.74
d) 11%
e) 7.26%
The answer to this question is (e) 7.26%.Explanation:A corporation's after-tax yield for taxable bonds may be calculated using the following formula:After-Tax Yield = Before-Tax Yield x (100% - Tax Rate)For Franklin Corporation.
Before-tax yield = 11%Tax rate = 34%The formula now becomes:After-tax Yield = 11% x (100% - 34%) = 7.26%Thus, the after-tax yield on these bonds is 7.26%.Option (e) is the correct answer.This question's response is (e) 7.26%.Explanation:The formula below can be used to determine a corporation's taxable bond after-tax yield:After-Tax Yield is Before-Tax Yield multiplied by (100% - Tax Rate).Franklin Corporation:11% is the before-tax yield.Tax rate is 34%.Now, the equation is:After-Tax Yield is equal to 11% x (100% – 34%), or 7.26%.Consequently, these bonds' after-tax yield is 7.26%.The right response is option (e).
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Franklin Corporation has an opportunity to purchase bonds at a rate of 11%. Thus the after-tax yield on these bonds is 7.26%, and option (e) is the correct answer.
The formula to calculate the after-tax yield on bonds is:
After-tax yield = Pre-tax yield × (100% - Tax rate) / 100
As per the question, Franklin Corporation is in the 34% tax bracket. Thus, its tax rate is 34%. Also, the rate at which Franklin Corporation is getting an opportunity to purchase bonds is 11%. Hence, substituting these values in the formula of the after-tax yield, we get:
After-tax yield = 11 × (100 - 34) / 100
= 11 × 66 / 100= 7.26%
Therefore, the after-tax yield on these bonds is 7.26%.
After-tax yield = Pre-tax yield × (100% - Tax rate) / 100
= 11 × (100 - 34) / 100
= 11 × 66 / 100 = 7.26%.
The after-tax yield on these bonds is 7.26%.
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You have three electricians. Electrician #1 works 20 hours and installs 30 lights. Electrician #2 works 30 hours and installs 35 lights. Electrician #3 works 40 hours and installs 40 lights. Which electrician is the most efficient in installing lights?
Answer:
electricians 1
Explanation:
This covers both the installation of new electrical systems and the modification of existing ones. These include installing new lighting fixtures, so a licensed contractor is required.
What is the role of electricians in installing lights?To ensure that the light fixture will stay in place, they must make sure that it is securely fastened to the wall or ceiling.
In order for the light fixture to have the electricity it needs to function, they will also need to connect the electrical wiring to it.
Unless you have prior electrical experience, you should always hire a licensed electrician for any electrical installation, including installing a light fixture.
Therefore, Electrician #1 works 20 hours and installs 30 lights. Electrician is the most efficient in installing lights.
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FILL THE BLANK. according to the principle of _____, a country that decides to specialize in the production of a particular product must sacrifice the production of another product.
According to the principle of comparative advantage, a country that decides to specialize in the production of a particular product must sacrifice the production of another product.
The principle of comparative advantage is an economic concept that suggests countries should specialize in producing goods or services in which they have a lower opportunity cost compared to other countries. Opportunity cost refers to the value of the next best alternative that must be given up in order to produce a particular good or service. When a country specializes in producing a specific product, it can allocate its resources more efficiently, leading to increased productivity and economic growth. However, this specialization comes at the cost of sacrificing the production of other goods or services for which the country may have had some comparative advantage but chooses not to pursue.
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On July 1, Robles Metal Products had a beginning inventory of $505,700. During the quarter, goods costing $290,900 were manufactured. The inventory at the end of September was $485,300. During the quarter, Robles' net sales were $759,200. What was the cost of goods sold for the quarter? What was Robles's gross profit for the quarter?
Answer:
Instructions are below.
Explanation:
Giving the following information:
beginning inventory= $505,700
Cost of goods manufactured= $290,900
Ending inventory= $485,300
Net sales= $759,200.
To calculate the cost of goods sold, we need to use the following formula:
COGS= beginning finished inventory + cost of goods manufactured - ending finished inventory
COGS= 505,700 + 290,900 - 485,300
COGS= $311,300
Now, we can determine the gross profit:
Gross profit= net sales - COGS
Gross profit= 759,200 - 311,300
Gross profit= 447,900
Which of the following symptoms is NOT associated with an allergic reaction?
Trouble breathing
Anxiety
OOO
Fainting
Screaming
When one is having an allergic reaction to something, one symptom that is not expected is Screaming.
An allergic reaction usually leads to the following:
Person has trouble breathing Person develops anxiety Person might faintIt is not a usual thing that a person will scream as a result of an allergic reaction.
We can therefore conclude that screaming is not associated with allergic reactions.
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elvis agrees to provide guitar lessons to angela’s niece for three months for $600. angela decides her niece really is not interested in guitar lessons, and assigns her rights under the contract to jose, so jose can use the lessons for his daughter. when jose contacts elvis to set up the first guitar lesson for his daughter:
When Jose contacts Elvis to set up the first guitar lesson for his daughter, he cannot enforce the contract against Elvis because the contract is for personal services.
What is a contract?In law, a contract entails a promise to do something or to refrain from doing something. Its making often requires the mutual assent of two or more persons, in which one of them ordinarily making an offer and another accepting, that is, when one of the parties fails to keep the promise, the other is entitled to a legal redress.
As well, we can define a contract as a legally binding agreement between two or more parties, the contractual agreement therein helps to creates a promise that certain rights and obligations will be fulfilled by each party
Most often, a typical contract will only be enforceable if both parties have entered into the contract willingly, so, when one parties have been bullied, pressured or manipulated into entering into the contract, such contract will be unenforceable because of lack of consent.
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What is the difference between a routine and a major decision
Answer: routine decision- the type made every day without much though
planned decision- use more time and energy to make the best choice
Explanation: i really hoped it helped.
xavi is considering advertising his artwork in a local gallery, the cost of which is $80 per month. what would be the new annual breakeven revenue (in dollars) if he continues to sell his pieces for $15?
If he keeps selling his artwork for $15, his new yearly breakeven earnings will be $4,150.
The definition of revenue:Revenue is the total sum of funds received first from sale of goods or services essential to a company's primary activities. Revenue, often referred to as total profits or revenue, is at the bottom of the revenue sheet and is frequently referred to as the "top line."
Briefing:Total fixed cost = $700 + ($80 X 12) = $1,660
Margin of contribution = $15 - $9 Equals $6
40% is the contribution margin ratio, or $6 / $15.
Breakeven sales = $1,660 / 40%
= $4,150
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The complete question is-
Xavi sells seashore paintings, his annual Fixed Costs are $700 and the Variable Costs are $9 per canvas. The Market Size for the souvenir paintings in his area is 2,800 canvases, and Xavi wants to achieve a Market Share of 8%.
Xavi is considering advertising his artwork in a local gallery, the cost of which is $80 per month. What would be the new annual break-even revenue (in dollars) if he continues to sell his pieces for $15?
what's the language spoken in Egypt?
Answer:
Modern Standard Arabic
Explanation:
Answer:
Arabic thats the language of egypt because most them are Islamic