All categories

4 years ago

How does the concept of diminishing returns influence a producer's decision to supply a product?

1 answer:

5 0

The law of diminishing returns states that if one input in the production of a product is increased while other inputs are fixed, a point will be reached where the addition of more of the input will result in a gradually smaller increase in output. Producers usually take into consideration the law of diminishing return; the law determines the quantity of product that a producer can manufacture and supply in order to make maximum profits.

You might be interested in

Tariffs, Quotas, and Boycotts are examples of

IrinaK [193]

The answer is
B) Trade Barriers

3 0

3 years ago

Sophie Black works as a computer programmer for a software company. Her boss, Mike Jones, is responsible for developing a new so

sveticcg [70]

Answer:

Sophie is a little hesitant and unsure about accepting the game because legally it would be considered _________. B. Pirated software

Explanation:

A term used to describe the act of illegally using, copying or distributing software without ownership or legal rights.

A software pirate is someone who is engaged in software piracy. Software piracy is the general principle of unauthorized use or access of software products and services.

6 0

3 years ago

for the following transaction, answer the questions that follow in accordance with the rules of journalizing and the double-entr

Andrew [12]

Following Adjustments are being shown below.

Which two accounts are affected ?

Prepaid insurance

What kind of accounts are they?

Current asset

Do the account balances increase or decrease?

Increase

Do we debit or credit the accounts?

Debit

Since insurance is paid in advance for the upcoming six months, the account that will be debited will be a prepaid insurance account.

To learn more about Journalizing, Click the links.

brainly.com/question/27159868

brainly.com/question/18684550

#SPJ4

4 0

1 year ago

What is outstanding credit card debt?

joja [24]

Well, outstanding debt is debt you owe to a creditor or multiple creditors. Outstanding debt can be on a credit card, loan or student loan. ... If the amount you owe is close to your credit limit that is likely to have a negative effect on your score.

6 0

3 years ago

Which of the following organizations mission is to establish and improve standards of financial accounting and reporting for the

yarga [219]

Answer:

B. The Financial Accounting Standards Board

Explanation:

The Mission of AICPA is, 'to Power the success of global business, CPAs, CGMAs and specialty credentials by providing the most relevant knowledge, resources and advocacy, and protecting the evolving public interest'.
The Mission of the Public Company Accounting Oversight Board is to 'oversees the audits of public companies and SEC-registered brokers and dealers in order to protect investors and further the public interest in the preparation of informative, accurate, and independent audit reports'.
The Misson of the Governmental Accounting Standards Board is to 'to establish and improve standards of state and local governmental accounting and financial reporting that will result in useful information for users of financial reports and guide and educate the public, including issuers, auditors, and users of those financial reports'.

8 0

3 years ago