All categories

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.

You might be interested in

Calculate the EBIT for a firm with $4 million total revenues, $3.5 million cost of goods sold, $500,000 depreciation expense, an

Vitek1552 [10]

Answer:

Explanation:

Given that,

Total revenues = $4,000,000

Cost of goods sold = $3,500,000

Depreciation expense = $500,000

Interest expense = $120,000

Earnings before interest and taxes (EBIT):

= Total revenues - Cost of goods sold - Depreciation expense

= $4,000,000 - $3,500,000 - $500,000

= $0

Therefore, the EBIT for a firm is $0.

8 0

3 years ago

Rent control is an example of a _____________________. it sets the price of rent __________________ the equilibrium price and re

Shtirlitz [24]

Rent control is an example of a "price ceiling", it sets the price of rent "below" the equilibrium price and results in a "shortage" of apartments.

Answer is "D".

Rent control is a type of value control that confines the sum a property proprietor can charge for leasing a home or other land. Rent control goes about as a price ceiling by keeping rents either from being charged over a specific level or from expanding at a rate higher than a predetermined percentage.

8 0

3 years ago

The Atlanta Braves signed an outfielder to a five-year contract. The contract calls for the following cash flows: a signing bonu

Aleonysh [2.5K]

Answer:

$63.56 million

Explanation:

We are to find the present value of the cash flows in order to determine the value of the contract today

Present value is the sum of discounted cash flows

Present value can be calculated using a financial calculator

Cash flow in year 0 = $4.00 million

Cash flow in year 1 = $12.09 million

Cash flow in year 2 = $13.36 million

Cash flow in year 3 = $14.17 million

Cash flow in year 4 = $15.26 million

Cash flow in year 5 = $16.43 million

I = 6%

Present value = $63.56 million

To find the PV using a financial calculator:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

2. after inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.

3. Press compute

6 0

3 years ago

The u.s. federal government offers homeowners a tax deduction for their home loan interest payments. this reduction in taxes ser

stepan [7]

This reduction in taxes serves as a "direct" incentive to buy a house.

There are direct incentives and indirect incentives, the difference between them are;Direct incentives are generally simple to perceive/aftereffect of an activity – Firm brings down the gas cost to pull in more clients and Indirect incentives are the hidden outcome of the move made – Pollution is a result of the expanded amount requested.

4 0

3 years ago

The level of inventory of a manufactured product has increased by 8,000 units during a period. The following data are also avail

LiRa [457]

Answer:

There will be a difference in the income .

Absorption costing income will be lower as it transfers all the fixed costs to the ending inventory.

Variable costing income will be higher as it does not transfer the fixed costs to the ending inventory.

The difference will be of $ 104000

Explanation:

Increase in units 8000

Variable Fixed

Unit manufacturing costs of the period $24.00 $10.00

Unit operating expenses of the period 8.00 3.00

Total Unit Costs $ 32.00 $ 13.00

The net operating income under variable costing for the year will be $ 13* 8000= $ 104000 Lower than the net operating income under absorption costing. This is because the all fixed costs will be treated as period cost rather than product costs.

In variable costing the ending inventory will be $104000 lower than the ending inventory under absorption costing because the fixed costs will not be allocated to products.

Under variable costing, the units in the ending inventory will be costed at $32 each.Under absorption costing, the units in the ending inventory will be costed at $32+ $ 13= $ 45 each.

7 0

3 years ago