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valkas [14]
4 years ago
13

both capital and labor​ double, given the production​ function, output will double . If output doubles when inputs​ double, the

production function will be characterized by​ ________.
Business
1 answer:
Sergeu [11.5K]4 years ago
3 0

Answer:

If output doubles when inputs​ double, the production function will be characterized by​ a <u>constant returns to scale</u>.

Explanation:

In economics, returns to scale refers to a long run situation that reveals to the proportionate change in output when capital and labor inputs become variable or change.

The three possible types of returns to scale are as follows:

1. Increasing returns to scale: This occurs when the proportionate change in output is greater than the proportionate change in capital and labor inputs.

2. Decreasing returns to scale: This occurs when the proportionate change in output is less than the proportionate change in capital and labor inputs.

3. Constant returns to scale: This occurs when the proportionate change in output is the same as the proportionate change in capital and labor inputs.

Based on the above explanation therefore, if output doubles when inputs​ double, the production function will be characterized by​ a <u>constant returns to scale</u>. This is because the the proportionate change (double) in output is the sames as the proportionate change (double) in inputs.

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Being a first mover in a market is advantageous for a firm because: Group of answer choices it may have an opportunity to free r
anyanavicka [17]

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Being a first mover in a market is advantageous for a firm because:

it may gain advantage through proprietary technology.

Explanation:

First mover advantage is a concept used to call the advantage a certain business has by starting to profit from an industry or sector before anyone else. It provides the advantage of experience and learning. Therefore, they gain advantage through proprietary technology by developing it to increase the efficiency of their resources.

4 0
4 years ago
In order to be effective control must be
Vanyuwa [196]

...evaluated through organising questionnaires in the organization.

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3 years ago
Discuss ten (10) different purposes of an evaluation of salesperson performance and how each purpose affects the performance eva
ololo11 [35]

Answer:

1. To ensure that compensation and other reward disbursements are consistent with actual performance

2. To identify salespersons who needs to be promoted

3. To identify salespersons who should be fired/terminated

4. To determine the specific training and counseling needs of individual

5. To provide information for effective human resource (Succession) planning

6. To identify criteria that can be used to recruit and select salespersons in the future

7. To advise salespersons of work expectations

8. To motivate salespersons

9. To help salespersons set their career goals

10. To enhance effective communications between salesperson and sales manager

Explanation:

How each purpose affects the performance evaluation process

1. To ensure that compensation and other reward disbursements are consistent with actual performance

Compensation and rewards affects the performance and it should be on the merit.

2. To identify salespersons who needs to be promoted

Promotion shall be given on the basis of evaluation

3. To identify salespersons who should be fired/terminated

Termination should be on the basis of performance evaluation

4. To determine the specific training and counseling needs of individual

Training shall be provided on the basis of evaluation

5. To provide information for effective human resource (Succession) planning

Succession planning should be on the basis of performance evaluation so that the exceptional performers must be retained,

6. To identify criteria that can be used to recruit and select salespersons in the future

It helps in understanding the factors that will be useful to recruit and select salespersons

7. To advise salespersons of work expectations

On the basis of evaluation, it will be decided to communicate the work expectations

8. To motivate salespersons

It will help in understanding the factors which motivate the salespersons

9. To help salespersons set their career goals

Salespersons will understand about their future and set their career goals.

10. To enhance effective communications between salesperson and sales manager

It will help to communicate effectively about the expectations of  salesperson and sales manager  and better coordination

7 0
4 years ago
According to the scor model, supply chain management covers five broad areas including __________, which include the activities
Gnoma [55]

Answer:

product return activities

Explanation:

this is an important part of the supply chain under the SCOR model. this is required to cater to the demands of all customers, who have received either faulty or defective products, or have received extra products or materials.

8 0
3 years ago
Strand, Inc. is currently engaged in negotiations with one of its major unions. The company is covered by the LMRA. If Strand is
PSYCHO15rus [73]

Answer: True

Explanation:

The Labour Market Regulatory Authority is responsible for regulation of the labour market.

Based on the information given in the question, we can say that Strand will be in compliance with the act. Therefore, the answer is true.

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3 years ago
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