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Naddik [55]
3 years ago
13

The marginal product of labor eventually slopes downward due to diminishing marginal costs diminishing average returns diminishi

ng marginal utility the law of diminishing marginal productivity
Business
1 answer:
vampirchik [111]3 years ago
5 0
<span>The marginal product of labor eventually slopes downward due to the law of diminishing marginal productivity. The law of diminishing marginal productivity is a principle within economics. This principle states even if you increase input in one area and keep the others the same, output does increase, there will be limited effect and eventually balance back out resulting in no effect on the output. </span>
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In the fall, Jay Thompson decided to live in a university dormitory. He signed a dorm contract under which he was obligated to p
Vesna [10]

Answer:

The cheapest alternative is: $300 a month immediately.

Explanation:

Giving the following information:

The dorm cost was $5000 for the two semesters

Jay had already paid a month after he moved into the dorm.

Jay estimates his food cost per month is $500 if he lives in the dorm and $450 if he lives in an apartment.

His share of the apartment rent and utilities will be $390 per month.

Each semester is 4.5 months long.

Alternative A:

One student offered to move in immediately and to pay Jay $300 per month for the eight remaining months of the school year.

Income= 300*8= 2400

Apartment rent= (3120)

Food= (3600)

Total= (4320)

Alternative B:

A second student offered to move in the second semester and pay $2500 to Jay.

Income= 2500

Dorm rent= (5000/9)*3.5= (1944)

Apartment rent= (1755)

Dorm food= 500*3.5= (1750)

Apartment food= (2025)

Total= (4974)

Alternative C:

Stay in the dorms

Dorm rent= (4444.44)

Dorm Food= (4000)

Total= $8444.44

<u>The cheapest alternative is A.</u>

8 0
3 years ago
On January 1, 2018, Savor Corporation leased equipment to Spree Company. The lease term is 9 years. The first payment of $698,00
Anna [14]

Answer:

$347,697

Explanation:

The interest revenue which shall be recorded by the Savor Corporation for the year ended 2018 in respect of equipment leased to Spree Company shall be calculated using the following mentioned formula:

Interest revenue=(Present value of lease equipment as at January 1, 2018-payment made on January 1, 2018)*interest rate

In the given question:

Present value of lease equipment as at January 1, 2018= $4,561,300

Payment made on January 1, 2018=$698,000

Interest rate=9%

Interest revenue=($4,561,300-$698,000)*9%=$347,697

8 0
3 years ago
Carla and Ben have been married for 50 years. During that time, Carla stayed home raising their children and maintaining their h
Arlecino [84]

Answer:A. 150% of Ben's Social Security benefits.

Explanation:Social Security Benefits is a program managed by the SOCIAL SECURITY ADMINISTRATION (SSA),it is a Federal Government program that aims to support the Aged and retired workers in the United States of America. It also have a program for the Disabled people of the United States of America. According to the Enabling Laws, when both Ben and Carla have the Social security Benefits of getting 150% of Ben's social security benefits.

5 0
3 years ago
Who remabers portal?
Tju [1.3M]

Answer:

me

Explanation:

8 0
3 years ago
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It is recommended we consume half of our grains from whole grains. What part of the whole grain provides just energy?
Rufina [12.5K]

Answer:

Endosperm

Explanation:

Whole grain is considered as a health and nutrient food. Whole grain provides necessary protein and oil which helps to provide energy. In whole-grain endosperm is a part which is important to get energy as it helps to provide starch which is full of protein and nutrients. This why food made of grain is used to improve the energy level.

6 0
3 years ago
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