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3 years ago

(Consider This) If the law of diminishing returns applies to study time:

Business

1 answer:

erma4kov [3.2K]3 years ago

7 0

Answer:

A. the 10thhour of study will likely be less productive than the 3rd.

Explanation:

The law of diminishing returns is a point at which the level of benefits or apprehensions gained is less than the amount of energy or time that is invested.

So at the tenth hour, this law would be setting in, and the effectiveness of each additional unit of time decreases. So this hour will be less productive than the third hour.

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2 years ago

A downhill ski area is experiencing a decline in the number of lift tickets sold, falling revenues, and inadequate profits. The

sukhopar [10]

Answer:

D. a 10 percent decrease in the average price of a lift ticket.

Explanation:

When Price elasticity is greater than 1, that suggests that the demand for that particular good or service is highly responsive to price or is price-sensitive . Furthermore, If price elasticity is greater than 1 then an increase in price will cause revenue to decrease.

Applying the above-stated principle to the given scenario, it has been stated that 'The estimated price elasticity of demand is 1.5.' implying that the demand for downhill ski is highly sensitive and responsive to changes in price.

Therefore, the only logical economic strategy to improve revenues will be to decrease price so that revenue can increase.

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3 years ago

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B. oversee every aspect of the business, including such things as ordering merchandise and arranging for janitorial services

Explanation:

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3 years ago

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3 years ago

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When materials, information, and services gain value as they move from the raw-materials supplier to the end customer, they a

Gennadij [26K]

Answer:

When materials, information, and services gain value as they move from the raw-materials supplier to the end customer, they are said to be moving through ________.

A. the supply chain

B. a value-added analysis

C. business process re-engineering

D. Total Quality Management (TQM)

E. just-in-time production

Answer: A

Explanation:

A supply chain is a system between an organization and its providers to create and appropriate a particular item to the last purchaser. This system incorporates various exercises, individuals, elements, data, and assets. The supply chain additionally speaks to the means it takes to get the item or administration from its unique state to the client. Organizations create supply chains so they can diminish their expenses and stay serious in the business scene. Supply chain the board is a pivotal procedure on the grounds that an enhanced supply chain brings about lower costs and a quicker creation cycle. A supply chain includes a progression of steps required to get an item or administration to the client. The means incorporate moving and changing crude materials into completed items, shipping those items, and conveying them to the end-client. The substances associated with the supply chain incorporate makers, merchants, stockrooms, transportation organizations, appropriation focuses, and retailers.

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3 years ago