in what manner firms and people decide if it’s worth to make investment in capital improvements. Concept Introduction: Capital Improvement: an addition or arrangement that improves the value of a property or replacement or upgrade that prolongs the lifespan of the asset.

Question

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Answer 1

Question

Chapter 11, Problem 1P

A

To determine

in what manner firms and people decide if it’s worth to make investment in capital improvements.

Concept Introduction:

Capital Improvement: an addition or arrangement that improves the value of a property or replacement or upgrade that prolongs the lifespan of the asset.

A

Expert Solution

Explanation of Solution

The firms and individuals determine if it’s worth it to invest in these resources based on these points:

The firms or individuals determine if it is worth to invest in capital improvements when the costs of additional capital are lesser than the revenue increase with the additional capital. In simple words, when the marginal returns from the capital is greater than the marginal cost of capital.

B

To determine

in what manner firms and people decide if it’s worth for new hires.

Concept Introduction:

Hiring: is defined as a practice of evaluating, finding and establishing a working relationship between new employees, contractors, interns etc

B

Expert Solution

Explanation of Solution

For hiring additional workers, the firms and the individuals take their decisions by looking at the marginal returns of additional workers to the costs of hiring the additional workers. When the returns are greater than the costs of employing an additional worker, it would be worth hiring.

C

To determine

in what manner firms and people decide where to work.

C

Expert Solution

Explanation of Solution

Despite this being akin to individuals and firms independently, in most cases, the location where to work and expansion is based on the conditions such as proximity to the market, the rules and regulations of a particular locality and availability of resources.

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Students have asked these similar questions

What are the answers for a,b,c,d? Are they supposed to be numerical answers or in terms of a variable?

Sue is a sole proprietor of her own sewing business. Revenues are $150,000 per year and raw material (cloth, thread) costs are $130,000 per year. Sue pays herself a salary of $60,000 per year but gave up a job with a salary of $80,000 to run the business. ○ A. Her accounting profits are $0. Her economic profits are - $60,000. ○ B. Her accounting profits are $0. Her economic profits are - $40,000. ○ C. Her accounting profits are - $40,000. Her economic profits are - $60,000. ○ D. Her accounting profits are - $60,000. Her economic profits are -$40,000.

Select a number that describes the type of firm organization indicated. Descriptions of Firm Organizations: 1. has one owner-manager who is personally responsible for all aspects of the business, including its debts 2. one type of partner takes part in managing the firm and is personally liable for the firm's actions and debts, and the other type of partner takes no part in the management of the firm and risks only the money that they have invested 3. owners are not personally responsible for anything that is done in the name of the firm 4. owned by the government but is usually under the direction of a more or less independent, state-appointed board 5. established with the explicit objective of providing goods or services but only in a manner that just covers its costs 6. has two or more joint owners, each of whom is personally responsible for all of the partnership's debts Type of Firm Organization a. limited partnership b. single proprietorship c. corporation Correct Number

Answer 2

Question

Chapter 11, Problem 1P

A

To determine

in what manner firms and people decide if it’s worth to make investment in capital improvements.

Concept Introduction:

Capital Improvement: an addition or arrangement that improves the value of a property or replacement or upgrade that prolongs the lifespan of the asset.

A

Expert Solution

Explanation of Solution

The firms and individuals determine if it’s worth it to invest in these resources based on these points:

The firms or individuals determine if it is worth to invest in capital improvements when the costs of additional capital are lesser than the revenue increase with the additional capital. In simple words, when the marginal returns from the capital is greater than the marginal cost of capital.

B

To determine

in what manner firms and people decide if it’s worth for new hires.

Concept Introduction:

Hiring: is defined as a practice of evaluating, finding and establishing a working relationship between new employees, contractors, interns etc

B

Expert Solution

Explanation of Solution

For hiring additional workers, the firms and the individuals take their decisions by looking at the marginal returns of additional workers to the costs of hiring the additional workers. When the returns are greater than the costs of employing an additional worker, it would be worth hiring.

C

To determine

in what manner firms and people decide where to work.

C

Expert Solution

Explanation of Solution

Despite this being akin to individuals and firms independently, in most cases, the location where to work and expansion is based on the conditions such as proximity to the market, the rules and regulations of a particular locality and availability of resources.

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Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Answer 3

Question

Chapter 11, Problem 1P

A

To determine

in what manner firms and people decide if it’s worth to make investment in capital improvements.

Concept Introduction:

Capital Improvement: an addition or arrangement that improves the value of a property or replacement or upgrade that prolongs the lifespan of the asset.

A

Expert Solution

Explanation of Solution

The firms and individuals determine if it’s worth it to invest in these resources based on these points:

The firms or individuals determine if it is worth to invest in capital improvements when the costs of additional capital are lesser than the revenue increase with the additional capital. In simple words, when the marginal returns from the capital is greater than the marginal cost of capital.

B

To determine

in what manner firms and people decide if it’s worth for new hires.

Concept Introduction:

Hiring: is defined as a practice of evaluating, finding and establishing a working relationship between new employees, contractors, interns etc

B

Expert Solution

Explanation of Solution

For hiring additional workers, the firms and the individuals take their decisions by looking at the marginal returns of additional workers to the costs of hiring the additional workers. When the returns are greater than the costs of employing an additional worker, it would be worth hiring.

C

To determine

in what manner firms and people decide where to work.

C

Expert Solution

Explanation of Solution

Despite this being akin to individuals and firms independently, in most cases, the location where to work and expansion is based on the conditions such as proximity to the market, the rules and regulations of a particular locality and availability of resources.

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Answer 4

Question

Chapter 11, Problem 1P

A

To determine

in what manner firms and people decide if it’s worth to make investment in capital improvements.

Concept Introduction:

Capital Improvement: an addition or arrangement that improves the value of a property or replacement or upgrade that prolongs the lifespan of the asset.

A

Expert Solution

Explanation of Solution

The firms and individuals determine if it’s worth it to invest in these resources based on these points:

The firms or individuals determine if it is worth to invest in capital improvements when the costs of additional capital are lesser than the revenue increase with the additional capital. In simple words, when the marginal returns from the capital is greater than the marginal cost of capital.

B

To determine

in what manner firms and people decide if it’s worth for new hires.

Concept Introduction:

Hiring: is defined as a practice of evaluating, finding and establishing a working relationship between new employees, contractors, interns etc

B

Expert Solution

Explanation of Solution

For hiring additional workers, the firms and the individuals take their decisions by looking at the marginal returns of additional workers to the costs of hiring the additional workers. When the returns are greater than the costs of employing an additional worker, it would be worth hiring.

C

To determine

in what manner firms and people decide where to work.

C

Expert Solution

Explanation of Solution

Despite this being akin to individuals and firms independently, in most cases, the location where to work and expansion is based on the conditions such as proximity to the market, the rules and regulations of a particular locality and availability of resources.

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Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Answer 5

Chapter 11, Problem 1P

A

To determine

in what manner firms and people decide if it’s worth to make investment in capital improvements.

Concept Introduction:

Capital Improvement: an addition or arrangement that improves the value of a property or replacement or upgrade that prolongs the lifespan of the asset.

A

Expert Solution

Explanation of Solution

The firms and individuals determine if it’s worth it to invest in these resources based on these points:

The firms or individuals determine if it is worth to invest in capital improvements when the costs of additional capital are lesser than the revenue increase with the additional capital. In simple words, when the marginal returns from the capital is greater than the marginal cost of capital.

B

To determine

in what manner firms and people decide if it’s worth for new hires.

Concept Introduction:

Hiring: is defined as a practice of evaluating, finding and establishing a working relationship between new employees, contractors, interns etc

B

Expert Solution

Explanation of Solution

For hiring additional workers, the firms and the individuals take their decisions by looking at the marginal returns of additional workers to the costs of hiring the additional workers. When the returns are greater than the costs of employing an additional worker, it would be worth hiring.

C

To determine

in what manner firms and people decide where to work.

C

Expert Solution

Explanation of Solution

Despite this being akin to individuals and firms independently, in most cases, the location where to work and expansion is based on the conditions such as proximity to the market, the rules and regulations of a particular locality and availability of resources.

Answer 6

Chapter 11, Problem 1P

A

To determine

in what manner firms and people decide if it’s worth to make investment in capital improvements.

Concept Introduction:

Capital Improvement: an addition or arrangement that improves the value of a property or replacement or upgrade that prolongs the lifespan of the asset.

A

Expert Solution

Explanation of Solution

The firms and individuals determine if it’s worth it to invest in these resources based on these points:

The firms or individuals determine if it is worth to invest in capital improvements when the costs of additional capital are lesser than the revenue increase with the additional capital. In simple words, when the marginal returns from the capital is greater than the marginal cost of capital.

Answer 7

Chapter 11, Problem 1P

A

To determine

in what manner firms and people decide if it’s worth to make investment in capital improvements.

Concept Introduction:

Capital Improvement: an addition or arrangement that improves the value of a property or replacement or upgrade that prolongs the lifespan of the asset.

Answer 8

A

Expert Solution

Explanation of Solution

The firms and individuals determine if it’s worth it to invest in these resources based on these points:

The firms or individuals determine if it is worth to invest in capital improvements when the costs of additional capital are lesser than the revenue increase with the additional capital. In simple words, when the marginal returns from the capital is greater than the marginal cost of capital.

Answer 9

A

Expert Solution

Answer 10

A

Expert Solution

Answer 11

Expert Solution

Answer 12

B

To determine

in what manner firms and people decide if it’s worth for new hires.

Concept Introduction:

Hiring: is defined as a practice of evaluating, finding and establishing a working relationship between new employees, contractors, interns etc

B

Expert Solution

Explanation of Solution

For hiring additional workers, the firms and the individuals take their decisions by looking at the marginal returns of additional workers to the costs of hiring the additional workers. When the returns are greater than the costs of employing an additional worker, it would be worth hiring.

Answer 13

B

To determine

in what manner firms and people decide if it’s worth for new hires.

Concept Introduction:

Hiring: is defined as a practice of evaluating, finding and establishing a working relationship between new employees, contractors, interns etc

Answer 14

B

Expert Solution

Explanation of Solution

For hiring additional workers, the firms and the individuals take their decisions by looking at the marginal returns of additional workers to the costs of hiring the additional workers. When the returns are greater than the costs of employing an additional worker, it would be worth hiring.

Answer 15

B

Expert Solution

Answer 16

B

Expert Solution

Answer 17

Expert Solution

Answer 18

C

To determine

in what manner firms and people decide where to work.

C

Expert Solution

Explanation of Solution

Despite this being akin to individuals and firms independently, in most cases, the location where to work and expansion is based on the conditions such as proximity to the market, the rules and regulations of a particular locality and availability of resources.

Answer 19

C

To determine

in what manner firms and people decide where to work.

Answer 20

C

Expert Solution

Explanation of Solution

Despite this being akin to individuals and firms independently, in most cases, the location where to work and expansion is based on the conditions such as proximity to the market, the rules and regulations of a particular locality and availability of resources.

Answer 21

C

Expert Solution

Answer 22

C

Expert Solution

Answer 23

Expert Solution

Answer 24

Ch. 11 - Prob. 1P Ch. 11 - Prob. 2P Ch. 11 - Prob. 3P Ch. 11 - Prob. 4P Ch. 11 - Prob. 5P Ch. 11 - Prob. 6P Ch. 11 - Prob. 7P Ch. 11 - Prob. 8P Ch. 11 - Prob. 9P

in what manner firms and people decide if it’s worth to make investment in capital improvements. Concept Introduction: Capital Improvement: an addition or arrangement that improves the value of a property or replacement or upgrade that prolongs the lifespan of the asset.

Concept explainers

in what manner firms and people decide if it’s worth to make investment in capital improvements.

Concept Introduction:

Capital Improvement: an addition or arrangement that improves the value of a property or replacement or upgrade that prolongs the lifespan of the asset.

Explanation of Solution

in what manner firms and people decide if it’s worth for new hires.

Concept Introduction:

Hiring: is defined as a practice of evaluating, finding and establishing a working relationship between new employees, contractors, interns etc

Explanation of Solution

in what manner firms and people decide where to work.

Explanation of Solution

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Chapter 11 Solutions

in what manner firms and people decide if it’s worth to make investment in capital improvements. Concept Introduction: Capital Improvement: an addition or arrangement that improves the value of a property or replacement or upgrade that prolongs the lifespan of the asset.

Concept explainers

in what manner firms and people decide if it’s worth to make investment in capital improvements. Concept Introduction: Capital Improvement: an addition or arrangement that improves the value of a property or replacement or upgrade that prolongs the lifespan of the asset.

Explanation of Solution

in what manner firms and people decide if it’s worth for new hires. Concept Introduction: Hiring: is defined as a practice of evaluating, finding and establishing a working relationship between new employees, contractors, interns etc

Explanation of Solution

in what manner firms and people decide where to work.

Explanation of Solution

Want to see more full solutions like this?

Chapter 11 Solutions

in what manner firms and people decide if it’s worth to make investment in capital improvements.

Concept Introduction:

Capital Improvement: an addition or arrangement that improves the value of a property or replacement or upgrade that prolongs the lifespan of the asset.

in what manner firms and people decide if it’s worth for new hires.

Concept Introduction:

Hiring: is defined as a practice of evaluating, finding and establishing a working relationship between new employees, contractors, interns etc