Answer:
Shows the output that is produced using different combinations of inputs combined with existing technology
Explanation:
The production function is an <u>expression that links the different amount of inptuts used in the production process and the final output obtained with each combination of inputs, with a given tehcnology.</u>
As an example, if a economy produces only popcorn, a production function would be an expression that shows hou much popcorn that economy can produce with different combinations of corn and sugar, with a given technology.
The correct answer in the space provided is the total
quality management. The total quality management is where it is responsible for
causing an improvement in regards of improving the ability of an organization
or group in a way of delivering their services or products to their consumers.
Answer:
$2884
Explanation:
Given that:
- 28 employees qualify for one vacation day each
- Average daily wage is $103 per day
So he amount of vacation benefit expense to be recorded for the month of July:
= number of employees * average daily wage
= 28*$103
= $2884
Answer:
Im not 100% sure but the answer is C
Explanation:
Answer:
Protectionist.
Explanation:
Proponents of protectionist argue that allowing free trade will kill local industries and also make the country for dumping ground for cheaper foreign made goods.
They suggested imposition of heavy tariffs so as to protect local industries. Protecting local industries will create jobs for the unemployed thereby making them relevant to the society.
By imposing high tariffs, foreign companies producing those goods would pass the burden to final consumers in form of high prices hence discourage consumers from buying them. Few of those goods will then enter the country due to the heavy duty and low patronage.
Imposition of heavy tariffs will also generate more revenue for the government which will be used to financed basic infrastructures like housing, sewage system, electricity, etc.
Although proponents of free trade are of the opinion that there should be no restriction to trading among countries. They also suggested the removal of high tariffs from goods exported from other country.
The above seems good, yet the consequences outweigh the gain therein. For instance, removal of duty or tariff would result in revenue loss for the government hence unable to finance basic infrastructures. The country will also become dumping ground for imported goods because they will sold at lower price due to it's poor quality.
