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3 years ago

Keynes advanced the position that capitalism works best when

Business

1 answer:

Gwar [14]3 years ago

5 0

The correct answer is when “the government has a role in moderating the basic welfare of all its citizens.”

John Keynes was an economist who supported the concept that government intervention can stabilize an economy. He believed that capitalism works best when the government has a role in moderating the basic welfare of its citizens.

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Ray's Pizzeria is considering the addition of a 5th worker if this increases profit. Pizza sales increased from 300 per day to 3

Anika [276]

Answer:

60 pizzas

40 pizzas

Explanation:

Marginal product measures the change in output as a result of a change in input by one unit

Marginal product = change in output / change in input

Marginal product for the 4th worker

Change in output = 360 - 300 = 60 pizzas

Change in input = 4 - 3 = 1 worker

Marginal product = 60 / 1 = 60

Marginal product for the 5th worker

Change in output = 400 - 360 = 40 pizzas

Change in input = 5 - 4 = 1

Marginal product = 40 / 1 = 40

It can be seen that marginal product decreased from 60 to 40 when the 5th worker was added. This illustrates diminishing marginal returns.

The law of diminishing returns says as more units of a variable input is added to a fixed income of production, output might increase at a point but after some time total output would increase at a decreasing rate and marginal product would be decreasing.

6 0

3 years ago

Bramble Vita produces a wide range of herbal supplements sold nationwide through independent distributors. In response to an inc

kiruha [24]

Answer and Explanation:

The Statement showing the amount and the timing of all the cash Flow of Burger is shown below:-

Year Particulars Amount

0 Cost of new machine ($176,300)

0 Additional installation cost of new machine ($3,275)

0 Sales of old machine $13,150

1-3 Savings in overhaul cost of old machine $11,550

1-10 Saving in variable cost $25,800

(258,000 × ($11.90 - $11.80)

10 Salvage value of new machine $3,730

8 0

3 years ago

The threat of direct competition tends to be high whenAnswers: there are few firms in an industry and these firms tend to be une

Natasha2012 [34]

Answer:

When firms are unable to differentiate their products

Explanation:

Direct competition is also known as perfect competition which occurs when two or more firms produce and sell the commodities that are not in anyway different. This makes the buyers not have preference for any of the product as the commodities are largely the same.

However, when firms can differentiate their products, they now more in perfect competition but now in indirect competition or monopolistically competitive market. Indirect competition therefore occurs when firms sell differentiated products which are not really the same because they are branded but these products can provide the same satisfaction to the need of the consumer.

Therefore, the threat of direct competition tends to be high when when firms are unable to differentiate their products.

I wish you the best.

7 0

3 years ago

Which two key considerations should be made to make sure the performance of the report is not degraded due to large data volume?

fgiga [73]

B. A number of joins used in report query.

C. A number of records returned by report query.

Explanation:

A report on the results of something is a survey. These are generated annually by government bodies that have to prove that the money was spent correctly and accurately, funded by public money.

Such reports should include metrics of success that assess the organization's accomplishments and its services. The statistics that, for instance, show the number of arrests, number of convictions by category of crime and the increase in crime rates for a police department.

5 0

3 years ago

On July 1, Hartford Construction purchases a bulldozer for $228,000. The equipment has a 9-year life with a residual value of $1

UkoKoshka [18]

Answer:

a. Depreciation expense per hour:

= (Cost - salvage value) / Expected operating hours

= (228,000 - 16,000) / 26,500

= $8 per hour

b. First year depreciation: Second year depreciation:

= 1,250 * 8 = 2,755 * 8

= $10,000 = $22,040

Third year depreciation:

= 1,225 * 8

= $9,800

Journal entries

Date Account Title Debit Credit

June 30, Year 1 Depreciation $10,000

Accumulated Depreciation $10,000

Date Account Title Debit Credit

June 30, Year 2 Depreciation $22,040

Accumulated Depreciation $22,040

Date Account Title Debit Credit

June 30, Year 3 Depreciation $9,800

Accumulated Depreciation $9,800

4 0

3 years ago