Answer:
b. factor-rating method.
Explanation:
Community attitudes, zoning restrictions, and quality of labor force are likely to be considered in factor-rating method of a location decision.
A factor-rating method can be defined as a strategic process which involves analyzing location alternatives or routes by comparing their weighted average point. Basically, a factor-rating method involves evaluating both qualitative and quantitative factors in location decision.
Hence, in this approach to location decision, each factors are assigned a weight which must all total 1.0.
Answer:
because they are in high demand because so many other people want them
Answer:
It implies that the economy is in recession. Less than full employment equilibrium is a macroeconomic term used to describe a situation where an economy's short-run real gross domestic product (GDP) is lower than that same economy's long-run potential real GDP
Answer:
diminishing returns,
Explanation:
The law of diminishing marginal returns claims that the returns from the input will first increase at an increasing rate until production reaches an optimal level. After the optimal level, and holding the other factors constant, the returns from the output will start diminishing and eventually turn negative.
Diminishing returns concepts apply in the short term, where only variable inputs can change. For example, in a factory setting, the optimal production capacity is fixed in the short-run. Additional usage of a variable such as labor increase returns until the factor reaches its optimal capital. Additional hiring of labor results in diminishing returns in labor output.
