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oksano4ka [1.4K]
3 years ago
15

A firm's average cost increases as it increases its output by expanding its plant and hiring additional workers (its only inputs

to production). The firm's owner blames the increase in per-unit costs on the law of diminishing marginal productivity. The owner's reasoning is:
Business
1 answer:
KiRa [710]3 years ago
7 0

Answer:

The correct answer is letter "D": incorrect because all inputs are varied in the example.

Explanation:

The law of Diminishing Marginal Productivity states that increasing one variable will keep the others the same. My initially increase output but eventually adding more of that one variable may lead to a diminishing rate of return. The law helps explain why increasing production is not always the best way to increase profits.

The law of Diminishing Marginal Productivity only applies when certain inputs are fixed, but in this example, the amount of labor available varies since it is increasing.

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the role of the SEC is to Protect investors. Maintain fair, orderly, and efficient markets.

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At Halsted Medical Products Corp., all assembly workers must wear specialized gear to prevent possible injuries from minute part
Pavlova-9 [17]

Answer:

b. Feedforward control

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________ is one of the solution to the agency problem in publiclyminus−held corporations.
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3 years ago
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Sonbull [250]

I Think its answer C: Fixed and Variable rates

3 0
2 years ago
The separation of a manufacturing process into distinct tasks and the assignment of different tasks to different individuals is
dolphi86 [110]

<u>The </u><u>separation </u><u>of a </u><u>manufacturing process</u><u> into distinct tasks and the assignment of different tasks to different individuals is called </u><u>specialization</u><u>.</u>

What is the separation of a manufacturing process?

  • The number one production thing of the chemical system industries is separation processes (CPI).
  • These crucial responsibilities encompass doing away with impurities from uncooked materials, improving and purifying number one products, and casting off impurities from effluent water and air streams.

What is conditioning withinside the production system?

  • A material's inner structure is altered in the course of conditioning processes, converting the material's houses.
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Learn more about specialization

brainly.com/question/3722777

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