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egoroff_w [7]
3 years ago
12

"Diminishing marginal​ returns" refer to a situation in which the ______.A. average product of the last worker hired is less tha

n the average product of the previous worker hired.B. marginal cost of the last worker hired is less than the marginal cost of the previous worker hired.C. marginal product of the last worker hired is less than the marginal product of the previous worker hired.D. average cost of the last worker hired is less than the average cost of the previous worker hired.
Business
1 answer:
galben [10]3 years ago
5 0

Answer: C. marginal product of the last worker hired is less than the marginal product of the previous worker hired

This statement is correct because marginal product refers to the increase in the production, when 1 worker is added to the production process. Diminishing marginal returns set in when adding one extra worker increases the production less than the previous worker did.

Explanation:

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In addition to the consumer product safety commission, the two federal agencies that play the most active role in protecting the
Ad libitum [116K]

In addition to the consumer product safety commission, the two federal agencies that play the most active role in protecting the public from unsafe products are the Treasury Department, the Commerce Department, and the Office of the U.S. Trade Representative.

The U.S. Consumer Product Safety Commission is an independent federal regulatory agency that was created by Congress in the Consumer Product Safety Act. The Consumer Product Safety Commission protects the public from unreasonable risks of serious injury or death from thousands of types of consumer products under its jurisdiction, including products that pose a fire, electrical, chemical, or mechanical hazard or can injure children.

Enforcing standards and issuing recalls or repair orders when necessary. Conducting independent research on potential hazards. Responding to consumer inquiries and complaints regarding specific products.

Learn more about federal agencies there:- brainly.com/question/9354369

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5 0
1 year ago
Over a period of several decades, coffee consumption declined from 75% of the adult population in 1962 to 49% in 2004. then, it
adelina 88 [10]
<span>A good orientation would have explored the changes in these usage trends. By doing this, they could have figured out how to best market to these customers and maximize their profits. Even though there were drops in consumption, understanding and targeting those who still did consume would have borne the most success for those companies that undertook these steps.</span>
6 0
3 years ago
Emily works in an orphanage and strongly believes that what she does is important and adds real values to the lives of others. S
Allushta [10]

Answer: EMPATHY

Explanation: Empathy can be defined as the ability of an individual to understand the feelings of other individuals. It is the capacity of experiencing the difficulties that the others are facing.

In the given case, Emily works in an orphanage and believes what she do is important. Emily understands the feeling of loneliness that those orphan children experiences even though she is not an orphan herself. Hence , we can conclude that she is reflecting empathy.

3 0
3 years ago
Read 2 more answers
A building is acquired on January 1, at a cost of $980,000 with an estimated useful life of 10 years and salvage value of $88,20
harina [27]

Answer:

Year 1 = $196,000

Year 2= $156,800

Year 3= $125,440

Explanation:

Double-declining-balance rate = 100% / 10 years x 2 = 20%. Computation of annual depreciation expense are as follows;

Year 1

$980,000 x 20 % = $196,000

Net book value

$980,000 - $196,000 = $784,000 (to be used as base for year 2)

Year 2

$784,000 x 20% = $156,800

Net book value

$784,000 - 156,800 = $627,200

Year 3

$627,200 x 20% = $125,440

Net book value

$627,200 - $125,440 = $501,760

*Salvage value is ignored in computing the yearly depreciation expense under double-declining-balance method. The reason of it is that, it will take longer to depreciate an asset compare to it’s useful life if we deduct salvage value from original cost in depreciating an asset.

3 0
3 years ago
Herm has nickels, dimes, and quarters. The total of his nickels and dimes are worth $2.70. The total of his dimes and quarters e
Dmitriy789 [7]

Answer: 8 quarters

Explanation:

Nickels means 5 cents

Dimes means 10 cents

Quarters means 25 cents.

N and D = $2.7 = 270 dollars

Q and D = $3.5 = 350 dollars

Find the attached document for the solution.

5 0
3 years ago
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