The law of diminishing marginal returns holds for a situation in which some inputs are variable and some inputs are fixed.
<h3>What is the law of
diminishing marginal returns?</h3>
The law of diminishing marginal returns states that after some optimal level of capacity is reached in a production process, an additional factor of production would result in a lessening of output (quantity of production).
In this context, we can infer and logically deduce that the law of diminishing marginal returns would only hold for an economic situation in which some inputs are variable and some inputs are fixed.
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Answer:
A brand logo is a tangible symbol that communicates the features, benefits, and the advantages of a particular product to consumers.
Explanation:
Logo can be defined as any symbol that is said to represent any particular brand and also depicts the features of that given brand. Many companies often succeed in showing the advantages and benefits of the products in the logo. It is tangible because we can see the image and design and sometimes can touch the image as well. A well-known example of a brand logo is that of e-commerce company Amazon, which in its logo depicts that the company sells everything from A to Z with the help of an arrow below the alphabets A and Z of the word AMAZON. Therefore, the correct answer to the question is the brand logo.
Answer:
d. rational decision making.
Explanation:
Rational decision makers do not expect any boundaries and constraints as they assume the decision should be taken after having all the facts known, as these relate to taking a decision in good faith.
This is basically choosing the best with all the information and understanding.
As here Scott and his partner do not have complete knowledge and understanding of the complexity and technology.
Thus, it hinder there exercise towards making a rational decision.
Fiscal year is the correct answer.
Answer:
Gain of $1000
Explanation:
Looking at the question, it is evident that the company is using the accrual basis of accounting, hence the reporting should be done simply by showing a revenue of $5000(Proceeds) minus the carrying value given i.e. $4000.
Hence a gain of $1000.
Hope this helps you. Good Luck.
