Answer:
x = 17
Step-by-step explanation:
Answer:43.2
Step-by-step explanation: multiply 120 x 0.12 and you get 14.4, since it’s 3 hours multiply 14.4 3 times and u get 43.2
b. if total cost increases.
c. if there is an advance in technology.
d. All of the above are correct.
An iso-cost line will be shifted further away from the origin'' All of the above are correct".
An iso-cost line will shift either because of a change in total outlay or a change in factor prices.
A change in total outlay will cause a parallel shift in the iso-cost line, as there will be no change in its slope, factor prices being constant.
An iso-cost line will be shifted further away from the origin if the total cost increases if the price of both inputs increases or there is an advance in technology.
An iso-cost line can be defined as the graphical representation of various combinations of two inputs factors (labor, L and capital, K) which the firm can afford or purchase with a given amount of money.
Each iso-cost curve represents a fixed level of costs and the isoquant represents a fixed level of output.
Therefore, tracing a line through these set of points represents what combination of labor and capital will be used for a fixed level of costs or output.
The points further away from the origin represent higher levels of costs or output. An iso-costline can be expressed mathematically as:
Where,C = cost of production
w = price of labor or wages
L = units of labor
r = price of capital or interest rate
K =units of capital
Iso-cost is used to determine what combination of factor inputs the firm will choose for the production process.
Hence, An iso-cost line will be shifted further away from the origin'' All of the above are correct".
To know more about Reasoning click the link given below.
Answer:
D. All the above are correct
Step-by-step explanation:
An isocost line will be shifted further away from the origin if the total cost increases, if the price of both inputs increases or there is an advance in technology.
An isocost line can be defined as the graphical representation of various combinations of two inputs factors (labor,L and capital, K) which the firm can afford or purchase with a given amount of money.
An isocost line can be expressed mathematically as:
C = w L + r K
Where,
C = cost of production
w = price of labor or wages
L = units of labor
r = price of capital or interest rate
K =units of capital
Isocost is used to determine what combination of factor inputs the firm will choose for production process.
Answer:
4.8 cm
Step-by-step explanation:
Answer:
All Calendula College students enrolled in the spring.
Step-by-step explanation:
A researcher at Calendula College wishes to estimate the number of units earned by students during the spring semester at Calendula.
To do so, he randomly selects 100 student transcripts from among all Calendula College students enrolled in the spring and records the number of units each student earned in the spring term.
B. y=1/4x+13/4
C. y=4x+3
D.y=4x+13/4
Answer:
B. y=1/4x+13/4
Step-by-step explanation: