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igomit [66]
3 years ago
5

Does this production function exhibit​ increasing, decreasing, or constant returns to​ scale? A. Decreasing returns to scale bec

ause the inputs exhibit diminishing marginal returns. B. Increasing returns to scale because the inputs exhibit diminishing marginal returns. C. Constant returns to scale because a proportionate increase in all inputs results in the same proportionate increase in output.
Business
1 answer:
horsena [70]3 years ago
4 0

Answer: Option A : Decreasing returns to scale because the inputs exhibit diminishing marginal returns.

Explanation:

Return to scale measures the degree of effect certain changes in the input factors(parameters) has on the output in the long run.

Also in simple words, Marginal returns in Economics describes a situation where the increasing the input or intake of a commodity leads to decrease in satisfaction (output).

Hence, for a system that it's input exhibits marginal returns, increasing the input(e.g Capital, Land) leads to decrease in output (satisfaction; Marginal returns parlance) thereby DECREASING the RETURN TO SCALE.

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The sum of the results produced by a team
miskamm [114]
True or false
In the case of a work team, individual efforts result in a level of performance greater than the sum of those individual inputs.
True
3 0
3 years ago
What is the proper adjusting entry at December 31, the end of the accounting period, if the balance in the prepaid insurance acc
inessss [21]

Explanation:

The adjusting entry is as follows

On December 31

Insurance expense A/c Dr $5,150

               To Prepaid insurance A/c $5,150

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It is computed below:

= Balance in prepaid insurance account - unexpired amount

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While passing the adjusting entry we debited the insurance expense account and credited the prepaid insurance account

7 0
3 years ago
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almond37 [142]

Answer:

d. new entrants will have to spend heavily to overcome existing customer loyalties.

Explanation:

When the product is different and can be recognized by an incumbent so the same should be acted as the entry barrier as the new entrants should spend more amount so that they would able to overcome the loyalties of the customer that are pre-existed in the market

So according to the given situation, the option d is correct

And, the remaining of the options should be incorrect

8 0
3 years ago
Everyday, the Local Harvest Grocery Store general manager reviews employee work schedules. This includes the late night stock cr
goldenfox [79]

Answer: Operations Management-A

Explanation:

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This management handles strategic issues, including determining of process, procedures and implementation in operational issues such as management of inventory levels, raw materials acquisition, quality control, materials handling, and maintenance policies, etc

It is necessary for an operation management to understand the processes that are essential to company and ensure they work together effortless. This involves ensuring the business processes follow an efficient way.

3 0
3 years ago
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VladimirAG [237]

Answer:sorry man, don’t know

Explanation:

8 0
3 years ago
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