Answer: Third
Explanation:
Diminishing returns to labor refers to the phenomenon where every additional worker leads to an increase in production at a decreasing rate.
Using the scenario described, when there was only one employee the company could mow 4 lawns a day. They added a 2nd worker and that figure went to 9 lawns a day which is an increase of FIVE.
When they added a 3rd worker, the figure again went up but only to 12 which is an increase of THREE only as opposed to the last increase of FIVE.
After the third worker therefore, there was an increase but at a smaller rate.
Answer:
a) This will be a beneficial policy if the price elasticity of demand for sterile needles is elastic and the cross-price elasticity of demand between drugs and sterile needles is positive and high.
b) This is a bad policy if the price elasticity of demand for sterile needles is inelastic and the cross-price elasticity of demand between drugs and sterile needles is negative and high.
Explanation:
a) In what circumstances do you believe this is a beneficial policy?
This will be a beneficial policy if the price elasticity of demand for sterile needles is elastic and the cross-price elasticity of demand between drugs and sterile needles is positive and high.
The elastic price elasticity of demand for sterile needles implies that the quantity demanded for sterile needles is higher than the change in its price.
The positive cross-price elasticity of demand implies that both drugs and sterile needle are substitutes. Therefore, the quantity demanded of drugs falls as the price of sterile needle falls to zero.
b) In what circumstances do you believe this is a bad policy?
This is a bad policy if the price elasticity of demand for sterile needles is inelastic and the cross-price elasticity of demand between drugs and sterile needles is negative and high.
The inelastic price elasticity of demand for sterile needles implies that the quantity demanded for sterile needles is lower than the change in its price.
The negative cross-price elasticity of demand implies that both drugs and sterile needle are compliments. Therefore, the quantity demanded of drugs increases as the price of sterile needle falls to zero.
Answer:
105,600
Explanation:
Cashflow from operations (CFO) is calculated as below:
CFO = NI + NCC - WCInv, where:
NI: Net income;
NCC: Non-cash charges, which is depreciation in this case;
WC: Working capital investment, which is calculated as Changes in inventories + Changes in receivables - Changes in payables.
CFO = 67,100 + 36,000 - [10,800 + (-19,500) - (-6,200)] = 105,600
The first one; vehicles and industries.
Vehicles, obviously, can produce harmful amounts of chemicals that can seep into the atmosphere, and industries is a term that relates to factories and fuel burning buildings, which cause even higher amounts of damage. Plus, both are concepts seen in mostly urban areas. Agriculture is actually quite helpful to the environment, unless dangerously high amounts of pesticides are used, and volcanoes are nowhere near urban areas.
