A firm uses capital and labor in its production process. The marginal product for the last unit of labor is 5, the marginal product for the last unit of capital is 10, and the wage is $10. At what cost of hiring each unit of capital would the firm be minimizing the cost of the current output

Answers

Answer 1

The output cost for the firm will be minimum when each unit is hired at approximately $20.

What is output cost?

Cost incurred for production of an individual unit while manufacturing such unit is referred to as the output cost. When the costs are minimum, the situation of output costs of such firm are as follows:

[tex]\rm\dfrac{Marginal\ Labor\ Cost}{Marginal\ Capital\ Cost} = \dfrac{Wages}{Rent\ of\ Capital}[/tex]

The rent of capital is also the output cost for an individual unit. Putting the values in the above formula, we get the output cost or the rent of capital as $20.

Hence, the output cost for the conditions given above will be computed as $20.

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Related Questions

Question 5 of 10
Which of the following is a part of the employment tax?
O A. Income tax
O B. Property tax
O C. Non-compliance fines
O D. Social security tax

Answers

Answer:

D. social security tax

Explanation:

Robert hired James, a CPA, to prepare his tax returns. James was too busy and delegated the work to Sara, also a CPA. This delegation is

Answers

The delegation exceeded, with the aid of using James to Sara for preparing the tax return, is known as the Delegation of Authority.

What is delegation of authority?

The delegation of authority refers back to the department of exertions and decision-making obligation to a person that reviews with a pacesetter or supervisor.

It includes giving them the obligation to perform the obligations that can be delegated to them in the manner they see fit. Along with obligation, they also have the corresponding quantity of authority.

This ensures that obligations are completed efficiently and that the individual feels accountable for their completion. On one level, delegation is simply dividing up paintings into obligations that others can do.

Delegation, at its best, empowers people to do the work that they would like to do. It enables them to invest more in themselves at work and expand their own competencies and abilities.

It additionally permits the supervisor to do other essential work that is probably more strategic or higher-level. In other words, delegated authority is more than simply parsing out work.

It is simply sharing obligations, ownership, and decision-making. Delegated authority is shared authority.

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When taxes decrease, consumption Group of answer choices increases, so aggregate demand shifts right. increases, so aggregate supply shifts right. decreases, so aggregate demand shifts left. decreases, so aggregate supply shifts left.

Answers

When taxes decrease, consumption A. increases, so aggregate demand shifts right.

What are the effects of taxes on consumption?

These are how decreased taxes impact the consumption of goods and services:

Increases the purchasing power.Increases consumption.Increased consumption leads to increased effective demand.Increases production.

Thus, when taxes decrease, consumption A. increases, so aggregate demand shifts right.

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Which customer is an internal customer of Eureka Computer Solutions?
A.
Adrian, a regular buyer of products sold by Eureka Computer Solutions
B.
Beth, a first-time buyer of a product sold by Eureka Computer Solutions
C.
Layla, a software engineer employed by Eureka Computer Solutions
D.
Nowzer, a sales distributor for Eureka Computer Solutions
E.
Jessica, a prospective customer for Eureka Computer Solutions

Answers

Nowzer, a sales distributor for Eureka Computer Solutions is an internal customer of Eureka Computer Solutions.

Who is an internal customer?

For a company, an internal customer is the one who has direct relationship with the company hence dependent on them.

Hence, Nowzer, a sales distributor for Eureka Computer Solutions is an internal customer of Eureka Computer Solutions.

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Amanda is 20-years-old and looking to invest $1000. She has always played it safe with very low-risk investments, but now she is ready to take a bigger risk to see if she can earn a bigger return on her investment. She is comfortable having this money tied up for several years, but she would like to withdraw the money sometime in the next 5 to 10 years. Which type of investment will BEST fit Amanda’s needs?

money market mutual fund

certificate of deposit

bond

401k

Answers

Given,

Amanda is 20-years-old and looking to invest $1000. She is comfortable having this money tied up for several years, but she would like to withdraw the money sometime in the next 5 to 10 years.

Solution,

Know that the duration of the certificate of deposit has a period of seven days to one year.

Know that bonds have a duration depending upon the issuer but there is no gain in that period.

Therefore, mutual funds in the money market are the best option as it shall give a high return in the said time period.

Hence, the correct option is (A) i.e. money market mutual funds.

Answer By: https://brainly.in/app/profile/38246472/answers (Thus the work is not mine).

State any five occupation in public sector? Explain any one of them.​

Answers

Explanation:

social worker

physiotherapist

welfare right officers

drug abuse worker

care worker

physiotherapist: It is a health related profession that deals with the treatment of the dysfunctional human organs through therapy. +2 level or certificate level in science with minimum 50% is required to do this particular job.

When $100 is deposited in the banking system, it leads to maximum expansion in bank deposits of $1,000. What is the required reserve ratio assuming that the excess reserves are 0

Answers

The required reserve ratio comes out to be 10% when the bank deposits are $1,000 and the reserves deposited with the central bank are $100.

What are the required reserves?

The minimum reserves that are required to be kept by the banks with the central bank are required reserves. It is one of the bank reserves that need to be maintained by banks.

Given values:

Amount of bank deposits= $1,000

Amount of reserves deposited with the central bank=$100

Computation of required reserve ratio:

[tex]\rm\ Required \rm\ reserve \rm\ ratio=\frac{\rm\ Reserves \rm\ deposited \rm\ with \rm\ the \rm\ central \rm\ bank}{ \rm\ bank \rm\ deposits} \\\rm\ Required \rm\ reserve \rm\ ratio=\frac{\$100}{\$1,000} \\\rm\ Required \rm\ reserve \rm\ ratio=10\%[/tex]

Therefore, when the amount deposited with the central bank is $100 and the bank deposits are $1,000, then 10% is the required reserve ratio to be maintained.

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which of the following is an example of a technical ("hard") skill?. for A P E X
A. cooperating well with other maintenance technicians
B. Delivering an oral report in an interesting manner
C. Filling out purchase order forms accurately
D. Helping a group choose the best alternative

Answers

Filling out purchase order forms accurately is an example of a technical or hard skill. As for filling the form, there is need of the knowledge of about the technical things.

What is hard skills?

Hard skills are the technical skills that are which are required to do work in the company. Hard skills and soft skills have different department in an organization.

Some hard skills include Computer skills. Microsoft Office skills, Analytical skills, Marketing skills, Presentation skills and Management skills.

Thus, option C is correct.

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Answer:

Filling out purchase order forms accurately

Explanation:

a disease that transmitted from one person to another is called

Answers

Answer:

Communicable disease.

Answer:

contagious

Explanation:

i got it right on ignitia

The total adjustment to each comparable sale price calculated by adding the absolute values of all positive and negative adjustments" is the definition of __________ adjustment. net gross summed absolute

Answers

The gross adjustment refers to the total adjustment to each comparable sale price calculated by adding the absolute values of all positive and negative adjustments.

How do you define gross adjustment?

The total of all adjustments in absolute terms is called as the Gross Adjustment. The adjustments are added without any consideration of the signs.

It also refers to the gross income minus specific deductions. here, the signs are not considered.

hence, The gross adjustment refers to the total adjustment to each comparable sale price calculated by adding the absolute values of all positive and negative adjustments.

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Which country in the middle east has the most crude oil?.

Answers

Saudi Arabia has the most

Chips of Joy, a leading chocolate chip cookie manufacturer, has decided to use the same marketing strategy and marketing mix worldwide for all of its brands. The only change that will be made is language translation on the various packaging. Chips of Joy is using a(n) ________ marketing strategy.

Answers

If the only change that will be made is language translation on the various packaging. Chips of Joy is using a(n) standardized global marketing strategy.

What is marketing strategy?

Marketing strategy can be defined as the strategy applied when creating awareness about a product so as to generate more sales.

Standardized global marketing strategy enables  companies to market or promote their product or brand internationally or across the globe.

Therefore Chips of Joy is using a(n) standardized global marketing strategy.

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Pete's, a manufacturer of hygiene and personal care products, launched a new toothpaste, "tidy," that claims to be more effective in maintaining oral hygiene than other brands. the advertisements for tidy provide valid research information. which executional style of advertising is pete's using?

Answers

The executional style of advertising pete's used was scientific executional style.

What is scientific executional style?

It used research findings and results to backup product.

This serve as a selling point as people are interested in having knowledge about the product they want to buy.

Therefore,The executional style of advertising pete's used was scientific executional style.

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Most economists use the aggregate demand and aggregate supply model primarily to analyze.

Answers

Economists utilize the aggregate supply and aggregate demand to analyze the short-run fluctuations.

What are the market forces?

Market forces are the market factors that are influenced by the buyers and sellers leading to changes in the prices of goods or services. They are usually referred to as demand and supply.

The short-run fluctuations are the ups and downs or increases and decrease in the market factors in a shorter period of time which can be analyzed by the economists through the usage of demand and supply curves.

Therefore, the demand and supply are used by economists to analyze the fluctuations in the short run.

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Please help!!!! I am struggling with this.

Answers

Answer:

now that i dont know how to do that is hard!

Explanation:

but have a wonderful day!

Match each action to their correct definitions.

tax on imported goods

trade restriction that limits
the number or monetary
value of goods that a
country can import or
export

Money given by government to local companies to reduce their costs and to keep prices low


1. Tariff

2. Subsidy

3. Quota

Answers

A Tariff basically means any type of tax imposed on an imported goods.

What is a tariff?

It means any duty imposed on class of imports or exports which are used as source of revenue known as taxation for the government.

What is a Subsidy?

This refers to the money given by government to local companies to reduce their costs and to keep prices low

What is a Quota?

This refers to the trade restriction that limits the number or monetary value of goods that a country can import or export

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When Amazon changed the face of e-retailing in the 1990s, traditional brick-and-mortar bookstores had to adapt quickly. To regain competitiveness, they had to bolster their information technology capabilities, which involved examining

Answers

To regain competitiveness, Amazon's strategy which was dependent on IT involved examining competitive intelligence.

What is competitiveness?

Competitiveness is the quality of being relevant and profitable in the market. That is the preferred brand in the market.

Competitiveness means that the customers see value in your products and are willing to pay for it, given that the price is right.

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Record the information you found for steps 2 and 3 here. Make sure you discuss how the company got money to start the business, employee data, and what products or services the company provides in comparison with what other similar business plans are offering.

Answers

The information described above is a Market Survey/Research. A market survey is research included in a business plan that must be carried out prior to starting a business.

What is a business plan?

A business plan is a document that outlines the results of a person's market research and must contain the following:

Sales plansMarket StrategyFinancial StrategiesRisk Management plans etc.

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What type of exchange rate regime is in place when a country tries to hold the value of its currency within some range against an important reference currency like the euro

Answers

When a country holds its currency within a range of an important reference currency like the Euro or U.S. Dollar, this is a Dirty float.

What is a dirty float?

A dirty float refers to when a currency's value is allowed to fluctuate to an extent based on supply and demand.

This value will not be allowed to fluctuate past a certain range of an important reference currency which makes the value more stable.

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Which step in the process of measuring external transactions involves assessing the equality of total debits and total credits?.

Answers

Answer:

were are you from

Explanation:

im new here

Why is mutual fund investing a good idea for retirement, but not for your emergency fund or short-term savings?.

Answers

A mutual fund is a good idea for making investments for retirement as it preserves the income and assets of an individual. It is not good for making investments in an emergency fund or short-term savings as there is a chance of losing the money.

What is a mutual fund?

A mutual fund is a company that invests the money of various individuals in varied securities in order to get profitable returns. The person who invests in these funds is called a mutual fund investor.

When the amounts are invested in an emergency fund or short-term savings then there is a chance of losing all the investments at one time due to a fall in the value of assets over the period of time. But if the investments are made in mutual funds concerning the retirement period then the investments are conserved for future growth. There are chances of getting good returns with minimum risk on the mutual funds.

Therefore, the mutual fund investments are good for retirement in comparison to emergency funds.

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During the two years he has been working, Jeffrey has saved some money to buy a house. His parents have agreed to loan him part of the down payment, and he has started to look for a house he can afford. He discovered a great house that has two apartments in it. He has looked at all the information carefully, done his budget, and thinks he can afford the house because he will live in only part of it and will rent out the other half. If Jeffrey buys this house, lives in the apartment upstairs and rents out the apartment downstairs, which of the following is true?

Answers

Answer:

you have to give "the following"

During the period, a company reports Sales of $48,000, Cost of Goods Sold of $28,000, and Income of $2,500. Profit margin is:

Answers

The period wherein an organization's income is $48,000, the price of a suitable offer is $28,000, and earnings are $2,500, so the earnings margin of the employer is $17,500.

What is the profit margin?

Profit margin is one of the generally used profitability ratios to gauge the degree to which an employer or a commercial enterprise makes money.

It represents how much of the income has been profits. Simply put, the proportion parent shows how many cents of earnings the business generated for every dollar of sales.

For example, if a company reports that it completed a 35% earnings margin in the previous quarter, it means that it earned $0.35 for every dollar of revenue generated.

In ordinary use, however, it normally refers to internet earnings margin, an employer’s bottom line in spite of all different expenses, inclusive of taxes and one-off oddities, that were taken out of revenue.

There are 4 ranges of earnings or earnings margins: gross earnings, working earnings, pre-tax earnings, and internet earnings.

These are contemplated in an employer's earnings announcement within the following sequence: An employer takes in income revenue, then pays direct charges for the manufactured service.

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Answer:

5.2%

Explanation:

What is maximum number of days to submit a formal complaint?.

Answers

Answer:

60

Explanation:

________ analysis of comparative financial statements includes the calculation of dollar amounts and percentage changes over a period of time as compared to a base year. Ratio Solvency Vertical Horizontal

Answers

Horizontal analysis of comparative financial statements includes the calculation of dollar amounts and percentage changes over a period of time.

What is horizontal analysis?

Horizontal analysis is the type of financial analysis that consists of a company financial account over a Period of time.

It helps the company to view it growth pattern over the period of time.

Therefore, Horizontal analysis of comparative financial statements includes the calculation of dollar amounts and percentage changes over a period of time as compared to a base year.

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What does the purpose of the W-4 form?
To inform your employer of how much federal income tax to withhold from your paychecks.
To determine how much your gross pay should be.
To file your tax return.
To avoid paying income taxes on your paychecks.

Answers

The purpose of the W-4 form is: To inform your employer of how much federal income tax to withhold from your paychecks.

What is W-4 form?

W-4 Form can be defined as form that a tax payer is expected to fill so as to enables the tax payer employer to know the amount that should be withhold from the employee  salary or paycheck.

When an employee complete the W-4 form it can help to  prevent the employee from paying excess taxes.

Therefore the purpose of the W-4 form is: To inform your employer of how much federal income tax to withhold from your paychecks.

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A _____ _____ is similar to a bond payable but is normally transacted with a single lender such as a bank

Answers

A note is transacted through a single lender but it is similar to a bond payable.

What are bonds?

Bonds are the trading securities in the stock market which provide a constant amount of interest to the holder of bonds.

A note is a kind of debt where one party, that is, the payer agrees to pay back against the amount taken from the other party, that is, the lender.  In the case of bonds, they are issued by companies to a large group of investors, called bond investors. Both are debts but contrasted on the basis of a number of lenders.

Therefore, the bond payable is similar to the note but differentiated due to the involvement of only one lender.  

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Which step is the most important step in the decision making process?.

Answers

Answer:

The most important step of the decision-making process is: Assessing the possible uncertainties in the future course of action. It is a must for any of the firms to assess or evaluate the possible risks or the uncertainties associated with the firm operation and functioning.

Help Me Please!!!!!!

Answers

Answer:

Cell phone Plan/Backpack/Electric bill/Car insurance look like the ones to choose. If you chose rent you would go over budget, same for a car payment.

45+60+10+60=175

230-175=55

you would have 55$ left if you went with these. Don't know if that's what the question wants though...

Life Tool Manufacturing has a system in place to recall products that prove to be dangerous at some time after manufacture and distribution. This represents which element of the due care theory

Answers

According to Due care theory, Manufacturers should have a system in place to recall products that prove to be dangerous after they have been manufactured and distributed as part of the company's responsibility.

What is the "Due Care" theory?

Due Care" theory outlines what companies and organizations owe their customers. Products and services should be produced and delivered in accordance with the elements of the due care theory.

This element of due care theory is reflected here that is *it is the company's responsibility.

Thus,  According to Due care theory, Manufacturers should have a system in place to recall products that prove to be dangerous after they have been manufactured and distributed as part of the company's responsibility.

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