Assume that a farm has only two factor inputs, labor and land, and that resource prices remain constant. this firm finds that the marginal product of labor for the last worker hired, when divided by the price paid for that additional worker, exceeds the marginal product of land for the last acre acquired when divided by the price paid for that last acre. to achieve least-cost while maintaining the same level of output, in the long run, this firm must utilize
a. more labor
b. more acreage
c. more labor and less acreage
d. less labor
e. less labor and more acreage
Answers: 3
Business, 22.06.2019 14:50
The following information is needed to reconcile the cash balance for gourmet catering services. * a deposit of $5,600 is in transit. * outstanding checks total $1,000. * the book balance is $6,400 at february 28, 2019. * the bookkeeper recorded a $1,800 check as $17,200 in payment of the current month's rent. * the bank balance at february 28, 2019 was $17,410. * a deposit of $400 was credited by the bank for $4,000. * a customer's check for $3,300 was returned for nonsufficient funds. * the bank service charge is $90. what was the adjusted book balance?
Answers: 1
Business, 22.06.2019 18:00
In which job role will you be creating e-papers, newsletters, and periodicals?
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Business, 22.06.2019 23:50
Cash flows during the first year of operations for the harman-kardon consulting company were as follows: cash collected from customers, $360,000; cash paid for rent, $44,000; cash paid to employees for services rendered during the year, $124,000; cash paid for utilities, $54,000.in addition, you determine that customers owed the company $64,000 at the end of the year and no bad debts were anticipated. also, the company owed the gas and electric company $2,400 at year-end, and the rent payment was for a two-year period.calculate accrual net income for the year.
Answers: 2
Business, 22.06.2019 23:50
Keisha took the vark inventory and discovered she prefers to learn mainly through visual and kinesthetic modes. which study strategy would best match these preferences?
Answers: 1
Assume that a farm has only two factor inputs, labor and land, and that resource prices remain const...
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