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Vlad [161]
4 years ago
13

A production function for which proportional changes in all inputs leads to a more-than-proportional change in output is said to

exhibit
Business
1 answer:
Ilya [14]4 years ago
8 0
<span>In this case, the function will show increasing returns to scale. The firm, experiencing such, will have lowered production costs because of these returns. They will be able to create a magnitude more product than the increase in inputs would have nominally precipitated.</span>
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Which of the following are examples of opportunity costs? Check all that apply.
gtnhenbr [62]

The answer is a and c I know this because if you spend time or money on on something you can not do the other and that is exactly what is happening.

7 0
3 years ago
Items for which prices are comparatively stable and likely to be quoted on a list-price-less-discounts basis are called:
Elis [28]

Answer: The correct answer is "standard production items".

Explanation: Items for which prices are comparatively stable and likely to be quoted on a list-price-less-discounts basis are called:  <u>standard production items.</u>

<u>These standard production items are those that are obtained from countless sources in an easy way, generally the prices of these items are obtained from online catalogs and although prices may vary it is rare since they are quite moderate.</u>

<u />

4 0
4 years ago
Allen and Lewis are friends who each recently purchased real estate. Allen purchased a patio home in a small town an hour from t
Dima020 [189]

Answer: Area preference.

Explanation:

According to the question although the initial value of both Allen and Lewis property were similar, the siting of Lewis' condo makes it more valuable than Allen's, because it is closer to the city center. Therefore the economic characteristic at play in the question is that of area of preference, that's what separate the value of both properties.

4 0
3 years ago
Read 2 more answers
Colombo Enterprises has a defined benefit pension plan. At the end of the reporting year, the following data were available: beg
iVinArrow [24]

Answer:

Option D. $10,000 is the correct answer.

Explanation:

Journal Entry for pension expenses:

Pension Expense                                  $10,000

     Cash                                                 $10,000

(To record pension expenses)

Pension expenses for the year ended is comprised of the following components of pension cost.

Service Cost                                           $14,000

Interest cost                                            $6,000

Expected return on plan assets            $10,000

                                                            __________

Pension expenses                                  $10,000

3 0
3 years ago
perations management is part of a production system that can be described in the following manner: Organization: inputs→processe
Tomtit [17]

Answer:furniture manufacturer: wood→sanding→chair---C

Explanation:

Operations management is the part of a production system that  administers best business practices to create the highest net operating profit within an organization. It  involves the management of  converting raw materials and labor into finished goods and services by passing through  efficient processes  so as to  maximize profit of an organization.

In Operations management, efficient productivity , coordination and formulation of new improved process is important  because to maximize profit requires constant innovation to reevaluate current practices.  An operations management is involved in inputs, process and outputs as can be seen illustrated below.

furniture manufacturer: wood→sanding→chair

5 0
3 years ago
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