Answer:
<u>Requirement 1:</u> Production Output will be 61.42 Units.
<u>Requirement 2:</u> Production Output will be doubled.
<u>Requirement 3:</u> Constant Returns to Scale
Explanation:
<u>Requirement 1:</u>
The output at K=46 and N=82 is given as under:
Y = (46)^1/2 * (82)^1/2
Y = 61.42 Units
<u>Requirement 2:</u>
Now if we double "K" and "N" then:
Y' = (2K)^1/2 * (2N)^1/2
Y' = 2 [(K)^1/2 * (N)^1/2]
Y' = 2Y
This means that the output will be doubled.
<u>Requirement 3:</u>
Option A. Constant Returns to Scale
Constant returns to scale occurs when the increase in the input causes same proportional increase in the production output. Such same proportional increase in the production output is referred to as Constant Returns to Scale.
In the given scenario, as the production output doubles with the doubling of input which was seen in the requirement above. We can say that the production function is characterized by Constant Returns to Scale.
Answer: Parochial
Explanation: A style of management in which the manager having decision authority considers every situation only from his or her own perspective is called Parochial management style. The parochial mangers are the one with illiberal thinking they only considers the situation on the pros and cons related to themselves.
In the above case study, as per the description of the assistant, we can conclude that Steve is a parochial manager.
Answer:
Option (A) is correct.
Explanation:
Given that,
Direct Materials = $386,100
Direct Labor = $200,100
Factory Overhead = $220,300 and,
Selling Expenses = $39,500
Conversion costs = Direct labor + factory overhead
= $200,100 + $220,300
= $420,400
Therefore, the conversion costs for the company is $420,400.
Many companies view the marketing environment as an<u> </u><u>Uncontrollable</u><u> </u><u>element</u> to which they must react and adapt.
Market is a place where the consumers and sellers meet in order to purchase and sell goods respectively. Market runs on many factors which include the availability of the goods, the demand for the goods and easy flow of cash. According to some companies and experts marketing environment is uncontrollable as it comes with risks too. Also, the demand for a particular good cannot be controlled by the market as it solely depends on the consumers. For example, if there is a demand of milk chocolate in the market but market has surplus of dark chocolate then the demand for milk chocolate is uncontrollable. The risk factors include economic factors as well as the political factors.
Learn more about Market at:
brainly.com/question/26511540
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Answer:
C,<em> Brain drain</em>
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Explanation:
<em>What is brain drain?</em> Brain drain according to Wikipedia is a problem described as the process in which a country loses its most educated and talented workers to other countries through migration. Negative effects include loss of tax revenues by the home country, and a loss of key health and education service professionals. <em>A brain drain can result from turmoil within a nation, the existence of favorable professional opportunities in other countries, or from a desire to seek a higher standard of living. </em>Johanna's brain drain came as a result of more favorable conditions in the U.S.
