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3 years ago

The law of diminishing marginal product of labor is demonstrated by which of the following?

Business

1 answer:

Nesterboy [21]3 years ago

3 0

Answer:

Option b. Total output increases at a decreasing rate as you increase the quantity of labor.

Explanation:

According to the following definition:

The law of diminishing marginal productivity states that while increasing one input and keeping other inputs at the same level may initially increase output, further increases in that input will have a limited effect and will eventually have no effect, or a negative effect, on output.

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An insured has a primary group health plan and an excess plan, each covering losses up to $10,000. The insured suffered a loss o

KATRIN_1 [288]

Answer:

excess plan pay $5000

Explanation:

given data

each covering losses = $10,000

insured suffered a loss = $15,000

solution

we get here excess plan pay that is express as

excess plan pay = insured suffered a loss - each covering losses ....................1

put here value and we get excess plan pay that is

excess plan pay = $15,000 - $10,000

excess plan pay = $5,000

5 0

3 years ago

Blossom Company purchases a patent for $158,000 on January 2, 2017. Its estimated useful life is 8 years. (a) Compute amortizati

ohaa [14]

Answer:

a. 19.750 b. 138.250

Explanation:

A. We divide 158.000 by 8 to get the amount per year

158.000/8= 19.750

Amortization expense (Db) 19.750

Accumulated amortization (Cr) 19.750

B. On the balance sheet at the end of the first year, we would subtract those 19.750 to the gross value of the patent and the value of the patent would be

158.000 - 19.750 = 138.250

Net carrying amount of the patent: 138.250

6 0

3 years ago

The budgeted annual cost of operating a post office truck is $5,500 plus $0.50 per mile. In 2008 the truck was to be driven 25,0

finlep [7]

Answer:

The total cost of operating a truck would be $18000 as calculated below.

Explanation:

The total costs of operating the truck is a combination of fixed costs of $5500 per year and variable of $0.50 per mile ,hence the total cost function is given as:

TC=5500+0.50X

Where represents the number of miles driven per year.

Since X=25000 miles

TC=$5500+($0.50*25000)

TC=$5500+$12500

TC=$18000

The understanding here is that wages paid to the two employees working with the truck is already embedded in the fixed costs of $5500 per year, otherwise that would been given as a distinct cost entirely.

7 0

3 years ago

Soar Incorporated is considering eliminating its mountain bike division, which reported an operating loss for the recent year of

Vesnalui [34]

Answer

The answer and procedures of the exercise are attached in the following archives.

Step-by-step explanation:

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.

7 0

3 years ago

On June 15, Oakley Inc. sells inventory on account to Sunglass Hut (SH) for $4,500, terms 4/10, n/30. On June 20, SH returns to

Georgia [21]

Answer: $3360

Explanation:

Based on the information given in the question, the amount of cash paid by SH to Oakley will be calculated as thus:

SH will be entitled to a discount of 4% since the payment was made within the discount period, therefore, the discount that is applicable will be:

= $4500 - $1000

= $3,500

Therefore, the amount of cash payment that is made by SH to Oakley will be:

= $3,500 - (4% × $3,500)

= $3500 - (0.04 × $3500)

= $3500 - $140

= $3360

Therefore, the amount of cash paid by SH to Oakley is $3360.

7 0

3 years ago