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2 years ago

What is diminishing marginal returns?

Business

1 answer:

Bumek [7]2 years ago

8 0

In economics, diminishing returns is the decrease in the marginal (incremental) output of a production process as the amount of a single factor of production is incrementally increased, while the amounts of all other factors of production stay constant.

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Craft, Inc. normally produces between 120,000 and 150,000 units each year. Producing more than 150,000 units alters the company'

Yanka [14]

Answer:

The correct answer to the given question is Relevant range.

Explanation:

Relevant range , in accounting , can be defined as that amount of activity or range of volume where company's fixed expenses would not differ as the volume of activity changes. This term has relevance with the fixed cost, as if a company's volume decreases then company would try to decrease their fixed cost and similarly if the volume increases the company's fixed expenses would also increase.

5 0

2 years ago

Shida has had such great success with his IT consulting company for the last five years that he was able to pay himself a compet

s2008m [1.1K]

Shida is seen as potential entrepreneur according to the GEM study.

GEM study is conducted by Global Entrepreneurship Monitor that tracked rates of entrepreneurship.

The study conducted on Shisa as a IT Expert shows that the company tries to understand how his entrepreneur skills enables him to pay himself a competitive salary within the first 18 months.

Therefore, Shida is seen as potential entrepreneur according to the GEM study.

Read more about this here

<em>brainly.com/question/24003027</em>

8 0

1 year ago

Roadway Corporation produces a special line of plastic toy racing cars. Roadway Corporation , produces the cars in batches. To m

r-ruslan [8.4K]

Answer:

the efficiency variance for variable overhead setup costs is $4,810 favorable

Explanation:

The computation of the efficiency variance for variable overhead setup costs is shown below;

= ((15,700 ÷ 265) × 4.25) × $45 - ((15,700 ÷ 325) × 3) × $45

= $11,330.6604 - $6,521.5384

= $4,809.12 favorable

= $4,810 favorable

hence, the efficiency variance for variable overhead setup costs is $4,810 favorable

4 0

2 years ago

Maurice can drive or fly from Jacksonville, Florida to Atlanda, Georgia, for a one-day business trip. If he drives, he will be a

ArbitrLikvidat [17]

Answer:

c. $150.

Explanation:

the extra amount of hours Maurice can work taking a flight will be of 5 hours

(8 hours taking a plane against 3 hours if driving)

As the income per hour is 30 dollar it can generate;

5 hours x $30 per hour = $150

Maurice will only travel by plane if it generates the same or more income than the driving thus, a differencial price of less than 150 dollars will provide Maurice with a net gain. Also we should consider that if Maurice drives his car it is taking a depreication hit per mile while driving that is being ignoer to keep the assignment simple. But considering that the amount of differential income could be higher than $150

8 0

3 years ago

Quantity demanded price quantity supplied 45 $10 77 50 8 73 56 6 68 61 4 61 67 2 57 refer to the data. suppose quantity demanded

saul85 [17]

a. When the demand increases by 12 units, the equilibrium price rises to $6.2093 and the equilibrium quantity rises to 67.7442 units.

b. The price elasticity of supply (PES) at equilibrium is 0.20. Since the price elasticity is less than 1, we conclude that supply is inelastic.

From the given data, we can see that the equilibrium price is $4 and the equilibrium quantity is 68 units.

If the demand increases by 12 units at each point of price decline, the demand equation will be :

$Qd = 105 - 6P$

and the supply equation will be:

$Qs = 51.6 + 2.6P$

Since Quantity demanded and supplied are equal at equilibrium, we can equate the demand and supply equations and solve for price (P). Equating the two equations above, we get,

$105-6P = 51.6 +2.6P$