what is meant by the phrase, " the object of all true education is not to make men carpenters, it is to make carpenters men"?

Q: What's the answer for letter C and D

A: c) If 10% of the borrowers from happy bank default that means this amount of bank loan is now…

Q: What are the fixed and variable cost?

A: Fixed costs are that cost which remains same and incur even when there is no production.  Variable…

Q: Which expression is another way of saying "marginal cost"?                Scarce resources…

A: Marginal cost is the increment in total cost for producing additional units of a commodity. It is…

Q: Define the term Manufacturing Costs?

A: Cost is the monetary value expended by a company to produce goods and services and to carry out its…

Q: What are two examples of variable costs?

A: Variable costs depends on the level of output being produced by the firm.

Q: What is another term for marginal costs

A: Marginal cost refers to the additional cost incurred by firm or a producer when one additional unit…

Q: How does labor influence marginal product? There's the saying "the more the merrier," but is this…

A: Marginal Product of labor increases with decreasing rate. Marginal Product of Labor(MPL) is a change…

Q: Number of workers 0 4 8 12 16 Number of motorcycles per year 0 9 16 21 23

A: The function exhibiting the relationship between the physical inputs and the final output is known…

Q: Give an quantitative example of marginal and average cost.

A: Average cost is the equivalent of total fixed cost (TFC) and total variable costs (TVC) divided by…

Q: What is theoretical relationship between Marginal Cost and Average cost

A: Costs refer to the amount of money that the firms need to give up in order to perform certain…