Identify two different forms of income that are taxable

Explain the difference between the law of diminishing marginal returns and the law of dininishing marginal rate of techinal subs

leonid [27]

Answer:

The primary difference between those two concepts is focus that each term has. The first one focus on the relationship between the level of production and the level of return. While the second one focus on the relationship between the level of production and the amount of factors used for that production.

Explanation:

One the one hand, the law of diminishing marginal returns is a concept known in the microeconomics theory due to the fact that it establishes the relationship between the productivity and the income for every aspect of it. Meaning that, when the productivity increases because of the increase of only one factor of production then the income will start to slowly decrease, confirming that when only one factor is increased the production will start to be incomplete and the return will decrease for that.

On the other hand, the law of diminishing marginal rate of technical substitution indicates the relationship between the level of output and the different factor used to produce. Meaning that, it shows how to keep the level of output the same while making changes in the amount of factors used.

3 0

3 years ago

Lachlan Stuart is employed by International Paper, a company that values his vision and creativity. To stay ahead in a very comp

Sveta_85 [38]

Answer: c) intrapreneur

Explanation:

Intrapreneur is the person who who belongs to a large firm and acts in the manner of entrepreneur to make innovative development ideas for any project .They help in promotion of production and innovation along with taking measures for functioning in organization.

According to the question,Lachlan Stuart is an intrapreneur who is an employee in a company .He is responsible for methods and ideas development to be ahead of other competing firms.

Other options are incorrect because in-sourced entrepreneur, corporate entrepreneur and multipreneur are not the way in which a person acts like an entrepreneur even through he/she is working for a firm.Thus, the correct option is option(c).

8 0

3 years ago

The standard materials cost to produce one unit of product m is 6 pounds of material at a standard price of $50 per pound. in ma

Musya8 [376]

Direct material cost variance = (Standard price - Actual Price) * Actual Quantity
= ($50 - $51) * 47,000
= $47,000 adverse

5 0

3 years ago

Addison Co. budgets production of 2,790 units during the second quarter. Other information is as follows: Direct labor Each fini

Doss [256]

Answer and Explanation:

1. The preparation of direct labor budget is given below:-

Direct labor budget

Units to be produced 2,790

Hours required per unit 5

Total labor hours needed 13,950

(2,790 × 5)

Labor rate per hour $10

Direct labor budget $139,500

(13,950 × $10)

2. The preparation of factory overhead budget is given below:-

Total labor hours needed 13,950

Variable overhead rate per hour $12

Budgeted variable overheads $167,400

(13,950 × $12)

Budgeted Fixed overheads $580,000

Budgeted total overheads $747,400

8 0

3 years ago

I need to figure out the owners equity ! HELP

motikmotik

Owners equity is $82365 - $70500 which gives $11365. Therefore when you add $70500 + $11365, this would give $82365.

4 0

3 years ago