Assume that skilled labor costs twice as much as unskilled labor, a profit-maximizing firm will a. always hire more skilled labor because it is more productive. b. always hire more unskilled labor because it is cheaper. c. hire until it equalizes the two marginal products. d. hire until the marginal product of unskilled labor is one-half that of skilled labor.

Answers

Answer 1

If the relationship described above between skilled labor and unskilled labor is true, then the company will c. hire until it equalizes the two marginal products.

Marginal product:

Is extra amount of production gained when an additional unit is added Reduces after a certain amount of the resource is added

Because the marginal product of skilled and unskilled labor will eventually decrease, the company would hire such that both their marginal products are equal because at this point, they both contribute the same to the company.

In conclusion, option c is correct.

Find out more at https://brainly.com/question/7988255.


Related Questions

The president is responsible for the communication and ongoing relationship between America and other nations of the world. This is known as _____.

checks and balances
diplomatic relations
fiscal responsibility
accountability

Answers

Answer:

B. Diplomatic Relations

Explanation:

Anything involving peaceful relationships and communications between multiple countries is diplomatic relations

Diplomatic Relations Because this is the act of representing your state in front of others states.

the stock price of ajax inc. is currently $105. the stock price a year from now will be either $130 or $90 with equal probabilities. the interest rate at which investors can borrow is 10%. using the binomial opm, the value of a call option with an exercise price of $110 and an expiration date 1 year from now should be worth __________ today.

Answers

Answer:

the linkers be like I got you.

A corporation issues for cash $8,000,000 of 20-year, 8% bonds, interest payable semiannually. The amount received for the bonds will be

Answers

Answer:

uwuuwuwuwuwuwwuwwuuwuwuuwuwuwuwuwu

how is economy affected by wise consumers?​

Answers

Consumer spending affects the economy, even a slight reduction could damage the economy.

Consumer spending is the amount of money spent by individuals and houses on the final goods or services for personal use in an economy. This includes all types of goods whether durable or non-durable goods.

When the spending is reduced by the final consumer, it would result in the following:

The demand for goods decreasesBusinesses to go bankruptWorkers laid offTaxes to reduce

The government would then have to rely on the following:

ExportsBorrowings

Ultimately, the growth of the economy would slow down. And if this continues then the economy would contract.

Learn more on consumer spending here: https://brainly.com/question/14071211

Which of the following is widely accepted as a method of payment?

A. Free exchange of ideas
B. Deferred payments
C. Medium exchange of money
D. None of these

Answers

Answer:

C

Explanation:

which is a legal tender and it's generally acceptable

I vote is on c

Because I said so

what is the relationship between the average inventory and the in-stock probability?

Answers

Answer:

the relationship is that the more inventory there is the higher the stock-in probability

PLEASE HELP
Jane is applying for a job at an in-store job kiosk. What is a benefit of applying for a job this way?

A. Jane can print the application to complete at home.
B. Jane can search for current job openings at the store.
C. Jane can start the application and then come back the next day to complete it.
D. Jane will need home computer access to finish the application.

Answers

A I believe is the correct answer

Answer:

The answer is B

Explanation:

Jane is at the store and can see the job openings.

Well-defined property rights, low transaction costs, and resources that naturally gravitate toward the highest-valued function describe the theorem.

Answers

The Coase therom.

Explanation:

The well-defined property rights, resources that inevitably drift toward the highest-valued function, and low transaction costs, are all defined by the Coase theorem.

What is the Coase theorem?

The Coase theorem in law and economics describes the economic effectiveness of a financial decision or results in the presence of externalities. According to the theory, regardless of how property is initially distributed, bargaining will result in a Pareto optimal solution if trade in an externality is feasible and transaction costs are sufficiently low.

In reality, Coasean negotiation may be hindered by roadblocks or vaguely defined property rights. Commonly credited to Nobel Prize winner Ronald Coase is this "theorem."

Ronald Coase won the 1991 Nobel Memorial Prize in Economic Sciences for this 1960 study and his 1937 paper on the nature of business.

Learn more about the Coase Theorem, from:

brainly.com/question/14837886

#SPJ5

timia needs some cash in a hurry. she owns her car outright and is considering a title loan. the lender has told timia that she could borrow $1750 for 1 month and the fee would be $140. what is the apr on timia’s loan? assume 12 equal months.

Answers

The annual percentage rate on Timia's loan can be calculated using the percentage interest formula. Hence, the APR on her loan is 96%

Recall :

Simple interest = principal × rate × time

Principal = $1750Interest = $140

Time = 1 month = 1/12 = 0.083333

Plugging the values into the equation :

140 = 1750 × rate × 0.0833333

140 = 145.83333 × rate

Rate = 140 ÷ 145.83333

Rate = 0.96

He, the annual percentage rate on the loan is 96%

Learn more : https://brainly.com/question/25482680

________ measures the frequency that someone who clicks on an ad makes a purchase, likes a site, or takes some other action desired by the advertiser.

Answers

The term that describes the frequency of click by people on a particular ads on a site as well as actions by advertiser is conversion rate.

Conversion rate can be regarded as a measure that give enablement to know the number of click on a particular ad.

It helps to know how many people make a purchase through ads on the website.

Therefore, conversion rate is correct.

Learn more at:

https://brainly.com/question/3163475?referrer=searchResults

how is self employment an alternative to large scale industries?

Answers

Answer:

The self-employment involving activities on a small-scale is a good alternative to large scale business which has brought various evils like environmental pollution, development of slums, exploitation of workers, and so on. In self-employment there is no limit of earnings as is the case with wage employment.

As chief financial officer, you want to send the fourth quarter profit/loss spreadsheets to the president of the company. How can you send the report without worrying about someone else accessing it

Answers

The chief financial officer can send the Financial report without worrying that someone else will access it by encrypting the report, with accessible key only known by the chief financial officer and President.

Usually, there are situation when a third party (like the President assistant) can assess his mails through delegation , therefore, the chief financial officer needs to ensures the financial report are not accessible by him

Therefore, the chief financial officer can send the Financial report without worrying that someone else will access it by encrypting the report, with accessible key only known by the chief financial officer and President.

In conclusion, encryption of the financial report is the best way to ensure others does not have access to it.

Read more about this here

brainly.com/question/8455171

A moment of truth occurs when employees and ________ have contact. Group of answer choices Skill Customer Product Place

Answers

Answer:

Customer.

A moment of truth occurs when employees and the customer have contact.

I hope this helped at all.

Carina's job is to find new customers for her company's telecommunication services. She encourages existing customers to add more services and finds customers who are completely new to the company. Carina would best be classified as a(n)

Answers

For Carina, whose job is to find new customers for her company's telecommunication services and who also encourages existing customers to add more services and find customers who are completely new to the company, we can classify her as an Order Getter.

An order getter is a salesperson who actively engages customers and persuades them to purchase the goods that she is offering. This can be seen in the case of Carina.

She does not just take orders, rather, she encourages her customers to make purchases and refer others.

Therefore, Carina can be said to be an Order Getter.

Learn more about Order Getters here:

https://brainly.com/question/13663742

When you put money into a checking account, you fill out a

signature card

reconciliation form

deposit slip

bank statement

Answers

Answer:

I believe it's deposit slip.

Explanation:

A deposit slip gives the bank the information it needs, in order to handle your money properly.

Hope this helps :)

Ahmed wants to open a small business selling custom bikes, and is looking at ways of raising money. He owns his own house and is considering acquiring a second mortgage. He is also speaking to his bank about a loan and is looking at crowd-funding sites, as he thinks his product is innovative and could attract investors.
- Assess a mortgage, a loan and crowd-funding as sources of finance for Ahmed.

Answers

Explanation:

Mortgages (Pros & Cons)

Defintion-

These are long-term loans, normally around 25 years, that are secured against specific asset, for example a building

Interest will be payable on the mortgage

Pros-

Large amounts of finance can be raise and repaid over a prolonged period of time

Ownership or control is not lost

Cons-

Interest is charged on the amount borrowed

Interest rates can fluctuate

Often secured against an asset which can be seized if repayments are missed

Interest has to be paid regardless of whether a profit is being made

Not suitable for small amounts or as a short-term source of finance .

When aggregate demand falls, to avoid a(n) and return to the long-run equilibrium, we must increase aggregate demand.

Answers

Answer:recession or contraction

Explanation:

A __________-__________ bond is a straight fixed-rate bond issued in one currency that pays coupon interest in that same currency, then at maturity, the principal is repaid in another currency. Multiple Choice warrant-convertible bonds with equity warrants dual-currency exchange-convertible

Answers

A dual-currency bond is known to be a hybrid debt instrument that often has payment obligations over the life of the issue. A dual currency bond is a straight fixed-rate bond issued in one currency that pays coupon interest in that same currency.

In dual currency bond, the borrower often makes coupon payments in one currency, but get the principal at maturity in another currency.

Its advantage is that Investors using this bonds often gets higher coupon payments than straight bonds etc.

Straight fixed-rate bond issues often have a Known maturity date where the principal of the bond issue is said to be repaid.

Learn more from

https://brainly.com/question/2692687

Lanie tells her sales manager that she will be devoting more effort to ____ in the coming weeks, as her list of potential customers has dwindled below the level of 30 firms recommended by the selling plan.

Answers

Lanie tells her sales manager that she will be devoting more effort to prospecting in the coming weeks, as her list of potential customers has dwindled below the level of 30 firms recommended by the selling plan.

Prospecting in sales is when a potential customer is being targeted before converting to an opportunity. It is the first step in sales process which entails creating sales opportunities.

Every businesses, firms, organizations usually have what is called selling plan, which is a tool in helping business succeed in sales. It helps to benchmark where an organization is and where they wish to be and then make adjustments to achieve their goals.

The selling plan is what will guide Lanie so that she would be able to achieve her sales prospect and then possibly convert them to opportunities inorder to meet her target.

Learn more at : https://brainly.com/question/13922150

chevron placed an ad with copy reading protecting the planet is everyones job we agree that encouraged consumers to use renewable energy which type of advertising was chevroon using

Answers

The type of advertising used by Chevroon that encouraged consumers to use renewable energy was Call-to-action marketing, which refers to using  phrases that create a sense of urgency and drive consumers to action.

The Call-to-action (CTA) marketing strategy can be understood as a direction to action, that is, the organization will encourage the consumer to act in a certain way according to its advertising.

Some examples of CTA can be through the use of some jargon such as:

Read more.Buy now.Protect the planet.

Therefore, this is a strategy that an organization uses to convert sales, attract and retain consumers, through incentives for the consumer to perform an action.

Learn more here:

https://brainly.com/question/6988222

even though firms in competitive price-searcher markets do not produce at minimum atc, competitive price-searcher markets may still be consistent with economic efficiency because

Answers

Firms are known to be free to set price and also to face strong competitive pressure. Competitive price-searcher markets may still be consistent with economic efficiency because they provide consumers with a greater diversity of products.

Firms in competitive price-searcher markets that has a small entry obstacles often face a downward sloping demand curve.  Competition often exists from existing firms and new rivals.

Firms that exist in a perfectly competitive market are known to be price takers due to the fact that once the market determines an equilibrium price for the product, firms need to accept the stated price.

For an individual to sell a product in a perfectly competitive market, one must  just be happy with the price.

Learn more from

https://brainly.com/question/13961843

Eight years ago, Ian invested in Rayje Clothiers. He purchased five par value $1,000 bonds issued by Rayje Clothiers at a market value of 94. 956, each of which yields interest of 7. 5%. Ian also bought 250 shares of Rayje Clothiers stock at $17. 22 apiece. Bonds from Rayje Clothiers yield interest of 7. 5%, and stock from Rayje Clothiers yields dividends of $1. 09 yearly. Today, Rayje Clothiers bonds have a market value of 108. 224 and Rayje Clothiers stock sells for $19. 96 per share. If Ian liquidates his portfolio and sells off all of his investments, which aspect of his investment in Rayje Clothiers will yield the greater total profit, and how much greater will it be? a. The bonds yielded $820. 00 more in profits than the stocks. B. The bonds yielded $798. 40 more in profits than the stocks. C. The stocks yielded $21. 60 more in profits than the bonds. D. The stocks yielded $242. 20 more in profits than the bonds.

Answers

Answer:

what are tow main reasons that force people travel?

which best describes how raytheon creates value for its customers?

Answers

Raytheon was known to create a customized solutions by connecting with customers directly and understanding their unique needs. The best description of how Raytheon creates value for its customers is that Raytheon offers bespoke solutions for their needs

Value creation for customers entails giving them good and essential products and services that the customers will find worthy of their time, energy and money.

A customers find value in .product or service that benefits their need rather than its cost.

To add value to customers, one must:

Offer discounts.

.Gratitude and gifts for cooperation.

Free trials etc.

Learn more from

https://brainly.com/question/24174150

If the seller (located in Cincinnati) is responsible for all costs of a shipment from Cincinnati to Houston, the shipment will be labeled:

Answers

If the seller (located in Cincinnati) is responsible for all costs of a shipment from Cincinnati to Houston, the shipment will be labeled: FOB Houston.

FOB which full meaning is freight on board means that the seller has shipped the goods to the buyer.

Hence, the seller is no longer in the possession of the goods but the buyer because the transfer of ownership has taken place from the seller to the buyer.

In this case the buyer is responsible for any costs or  damages that occur during shipping because the goods are now in the control of the buyer.

Based on the information given since  the seller (located in Cincinnati) is responsible for all costs of a shipment from Cincinnati to Houston, the shipment will be labeled FOB Houston as the buyer is located in Houston.

Learn more about freight on board here:

https://brainly.com/question/15514380

Anusha brings a $20 bill to the store. She purchases 4 pairs of socks for $2. 25 each and a new belt for $7. 50. How much change will Anusha receive when she pays for her clothes? $3. 50 $7. 50 $9. 00 $16. 50.

Answers

Answer:

£3.50

Explanation:

4 times 2 = 8

0.25 times 4 = 1

20 - 8 - 1 - 7.50 = 3.50

2. A company has the following liabilities as of December 31: Accounts payable $150,000 Notes payable (current portion) 217,000 Salaries and wages payable 55,000 Installment notes payable 1,140,000 Interest payable 32,000 Payroll taxes payable 15,500 What is the amount of total current liabilities reported on the balance sheet

Answers

The amount of total current liabilities reported on the balance sheet equals $469,500.

Current liabilities entails set of amount or responsibility owed within an accounting period.

Particulars                                       Amount

Accounts payable                          $150,000

Notes payable (current portion)    $217,000

Salaries and wage payable           $55,000

Interest payable                             $32,000

Payroll taxes payable                     $15,500  

Total current liabilities                  $469,500

Therefore, the amount of total current liabilities reported on the balance sheet equals $469,500.

Read more about financial reporting

https://brainly.com/question/17373931

when profit-maximizing firms in competitive markets are earning profits,

Answers

There are different ways that firms to make profits. When profit-maximizing firms in perfectly competitive markets are earning economic profits, new firms will enter the market.

Profit maximization is simply known to be the short run or long run method through which firms can know the price, input and output levels that tends to lead to the highest profit.

For profits to be maximize in a perfectly competitive market, firms have to  make the marginal revenue equal to marginal cost (MR=MC). MR is known to be the slope of the revenue curve that equal to the demand curve (D) and price (P).

Learn more from

https://brainly.com/question/23839020

Judy and Amy are having lunch together and decide to split the bill equally. Amy ordered more expensive items than she normally would because she is ______ price sensitive when sharing the cost.

Answers

Amy ordering more expensive foods and deciding to share the bill means

she is less price sensitive .

Less sensitivity of price usually occurs when there aren't available

substitutes for a particular product. Amy and Jude visits the restaurant for

lunch  in which the price here is always fixed with no alternatives.

This makes Amy order the food regardless despite the idea of sharing the

cost with the other party. This thereby means that she is less sensitive to the

price when sharing the cost.

Read more on https://brainly.com/question/25507763

When different sequences of operations are required for creating small batches of different products, the type of design or layout used is the a. process layout. b. product layout. c. quota layout. d. output layout. e. product design.

Answers

product design but I’m also a little convinced it’s also product layout

When different series of operations are required in creating small batches of different products, the type of design or layout comes under product design. Thus, option D is correct.

What is the product?

A product or a service that can be sold in the open market and for that product, a price is offered, or sometimes it can be in the form of a barter system.

A product design means that the product that is made in the company is made and has a process for the same. the design can be small changes in the packaging, manufacturing, or the looks of the product.

All the changes made in the product that needs to be changed are often done into small offers, often they are for a promotional purpose like get 12% extra or get free stuff. So all these changes in operation are done in product design. Therefore, option D is the correct option.

Learn more about a product, here:

https://brainly.com/question/21254539

#SPJ2

Monica has created her own cleaning solution. Monica's friends encourage her to sell the cleaning solution; they think it is so fantastic they believe Monica will make a lot of money on it. They encourage Monica to apply for a patent on the cleaning solution formula so that no one can copy it, and so Monica will be the only one who can sell it. Monica likes the idea of making a lot of money but knows she will have to reveal her formula to obtain a patent, otherwise she would have to keep it a trade secret. If Monica decides to apply for and receives a patent on the cleaning solution: __________

Answers

If Monica decides to apply for and receive a patent on the cleaning solution, she must disclose the formula, but she has the exclusive right to make and sell it for twenty years.

This solution is based on US patent law, which seeks to encourage inventors to develop new technologies under the exclusive right of use for a limited time.

Patent law specifies a period of 20 years for the use of exclusive patent rights, which period may be extended if requested.

Therefore, if Monica decides to apply for and receive a patent on the cleaning solution, she will be able to make, use, sell and import her invention with the right to exclude others.

Learn more here:

https://brainly.com/question/12882864

Other Questions
simpifly (4^7/5^2)^3 the political capital of the northern tribes was at Convert 4.5 to a mixed number help for brainlist with explanation! What percentage of teens and young adults have retail jobs? 5% 7% 8% 19%. Which option correctly describes what happened during the Trail of Tears? (1 point)Indigenous peoples fought Americans for control of the land.Andrew Jackson convinced Congress to pass the Indian Removal Act of 1830.O James Monroe declared that European countries should stay out of the affairs of the Western Hemisphere.o Many indigenous people were forced to move west and died of disease and exhaustion. Help help help help help help Look up how you are supposed to identify a short story and how you identify a short film in a sentence. You've just landed a new job as the chief marketing officer for John Deere, manufacturer of agricultural, construction, and gardening equipment. You want to make sure you're using the best distribution channel strategy for reaching both B2B and B2C sales. In evaluating your company's needs, what do you decide is the best approach What was most important about the Great White Fleet's voyage?A. It impressed other nations with American power.B. It demonstrated new guns.C. It was the first fleet to reach Asia.D. It forced Japan to open its ports to trade with other countries. how does the author develop the theme through the passage a)through the father's story telling b) through brayden's evolving thoughts and actions c) through an extended metaphor about conservation d) through diction and figurative language In Southern Europe, the Latin branch of the Aryan-speaking family became what five different, but closely related, languages? The stories____________ Tom tells are usually very funny. A rock is thrown from the upper edge of a tall cliff. Explain the difference between (3) -n and (3) n Can someone help me please? Why is RAM considered as a volatile memory? The instructor gave a difficult final examination.place commashelp please Summarize in not more than 120 words, describing how Sam became an alcoholic and later kicked the habit." I want some more beer ..." Sam turned around and saw a dirty, unshaven drunkard mumbling in coherently as he wobbled aimlessly along the road. Shaking his head, Sam continued his way back home.Sam did not bother to switch on the lights at home. Everyone must be asleep at this late hour, he thought. He tiptoed into Marie's bedroom and found her sleeping soundly, snugly tucked under her pink comforter. Sam bent over and kissed his beloved five-year-old daughter's forehead. "Thanks, dear. If it was not for you, I would never have turned over a new leaf," Sam whispered in gratitude, recalling the drunken man he saw a while ago.A year ago, after being retrenched from his computer company, Sam felt dejected and worried about how he was going to provide for his family. The situation worsened when he failed to secure a job after months of intensive searching. Soon, Sam began to indulge in alcoholic drinks to drown his sorrows. His savings which was used to sustain the family expenses during his retrenchment was tremendously depleted by his drinking habits. Soon his wife, Catherine, became the family's sole bread winner.Catherine's efforts to stop Sam from drinking were futile. Alcohol had transformed the once-gentle family man into a violent beast. Sam began to hit his wife when she refused to give hi money for his drinks. Once Catherine tried hiding his drinking bottles, hoping to stop Sam from drinking. Sam was so agitated when he could not find his bottles that he locked Marie into her bedroom and threatened her into revealing the hiding place. The incident instilled terror in Marie and thereafter, she tried her best to avoid SamThese traumatic incidents continued until the launch of the "stop Drinking" campaign by the government. Striking and persuasive posters were put up in the public to persuade alcoholics to kick their habit. None of them succeeded in bringing Sam to his senses except one. The poster illustrated an alcoholic man abusing his wife while their terrified daughter cried helplessly. The slogan accompanying the poster was: 'Will Your Children Be Able To Draw A Happy Family Again?'. Sam suddenly recalled a poster entitled 'Happy Family' drawn by Marie for school before he began drinking. As if released from a spell, he realized how irresponsible and abusive he had been. Overcome with guilt, he quit drinking totally."Sam, why aren't you going to sleep?" asked a concerned Catherine."I'm coming, Catherine," Sam replied with a smile as he headed for his room She fell in love with the ministers son. Effect answer Question 2(Multiple Choice Worth 1 points)(03.03 MC) Look at the image, read and choose the option, with the correct words, that completes the sentence.Girl sharing friesEres Elena. 1. ________ compartes 2. ________? 1. Ella 2. las papas fritas 1. Ella 2. la carne de pollo 1. T 2. la carne de pollo 1. T 2. las papas fritas