Answer: diminishing marginal product
Explanation:
A. When a firm in the market increase its level of production it results in reduction of cost which is called economies of scale.
B. Increase in cost that resulted due to unnecessary increase in level of production is called diseconomies of scale.
C. Increasing marginal product can be defined as the increase in output resulting due to employment of one more unit of input such as labor.
D. Diminishing marginal product can be defined as the decrease in output resulting due to employment of one more unit of input such as labor.
From the above explanation we can conclude that right answer is diminishing marginal product .
The choices are 1) wind speed 2) air pressure 3) cloud cover 4) relative humidity. The answer is 2) air pressure. This can be interpreted by a barometer. The change in air pressure has an effect the storm. It can also tell a forecast of a coming weather. The drop in air pressure can also indicate that there is a low pressure.
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Answer:
The correct answer is D.
Explanation:
The term social responsibility can be defined as an ethical framework or idea where the individuals and organizations feel obligated to work for the benefit of society at large. They feel accountable to a larger society.
We know that a trade-off exists between economic growth and the welfare of society. The idea of social responsibility is to make an equilibrium between these two such that both economic growth and social welfare is achieved.
This idea is not only limited to organizations but to anyone whose actions affect the environment.
Answer:
1. Allocate overhead costs to jobs: Credit Factory Overhead.
2. Pay factory utilities: Debit Factory Overhead.
3. Purchase indirect material: Debit Raw Materials Inventory.
4. Use indirect materials: Credit Raw Materials Inventory.
5. Direct labor used: Debit Work in Process Inventory.
Explanation:
1. When you allocate overhead costs to jobs: Credit factory overhead. Factory overhead can be defined as cost incurred in the manufacturing process of finished goods and cannot be linked directly to the goods.
2. When you pay factory utilities: Debit factory overhead. Factory overhead can be defined as cost incurred in the manufacturing process of finished goods and cannot be linked directly to the goods.
3. When you purchase indirect material: Debit raw materials inventory. The raw materials inventory comprises of the overall cost of all resources such as component parts that a business has in stock which haven't been used for production of finished goods or work in process.
4. When you use indirect materials: Credit raw materials inventory. Raw materials inventory comprises of the overall cost of all resources such as component parts that a business has in stock which haven't been used for production of finished goods or work in process.
5. For direct labor used: Debit work in process inventory.
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