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2 years ago

Which of the following statements is NOT true?

Business

1 answer:

Anna71 [15]2 years ago

6 0

Answer:

D. Economics does not use theories.

Explanation:

Economics is the study of : limited resource allocation, having alternative uses - to satisfy unlimited wants.

Economics is both a science (empirical science) & art (social science).

Economics has generally accepted rules & laws, based on experimentation - like Empirical Science. Eg: Law of Demand stating inverse relationship between price & quantity demanded.

Economics has subjective application essence to solve economic issues - like Social Science / art. Eg: Contractionary monetary policy (reducing money supply) to solve inflation (high price level)

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The marginal physical product of labor is Group of answer choices the slope of the total output curve at the relevant point. the

VladimirAG [237]

Answer:

The slope of the total output curve at the relevant point.

Explanation:

A marginal physical product can be defined as the extra output which is being generated by using an extra input. This ultimately implies that, marginal physical product of labor refers to the change in the level of output that is generated from using an additional unit of labor.

Mathematically, marginal physical product of labor is given by the formula;

Marginal physical product of labor = ΔY/ΔL

Where, ΔY is the change in total physical output.

ΔL is the change in labor.

In the short run, when the number of workers are increased it would result in a diminishing marginal product with respect to the law of diminishing marginal returns.

The marginal physical product of labor is the slope of the total output curve at the relevant point.

For instance, if brainly producing 50 answers decides to employ one more tutor and is then able to produce 55 answers, the marginal physical product of labor is simply 5.

6 0

3 years ago

3. Suppose that all households hold all their wealth in assets that automatically rise in value when the aggregate price level r

alexira [117]

Answer:

What happens to the wealth effect of a change in the aggregate price level as a result of this allocation of assets?

The consumers' wealth effect will rise since the slope of the aggregate demand curve increases as the prices of assets increases, i.e. the slope of the aggregate demand curve becomes steeper as customers become wealthier.

Will aggregate demand still be downward sloping? Why or why not?

The aggregate demand curve sill still be downward sloping because as the price of a good or service increases, the quantity demanded will still decrease. An inverse relationship exists between price changes and quantity demanded.

8 0

2 years ago

Effective managers understand the importance of clear communication using different channels to advance the _________ strategy.

algol13

Effective managers understand the importance of clear communication and hence use different channels to advance the organizational communication strategy

<h3>What is a communication strategy?</h3>

Communication strategy refers to the plans for speaking statistics associated with a selected issue, event, situation, or audience. They function as the blueprints for speaking with the public, stakeholders, or maybe colleagues.

Therefore, Effective managers understand the importance of clear communication and hence use different channels to advance the organizational communication strategy

Learn more about Communication strategy:

brainly.com/question/14426871

#SPJ1

4 0

1 year ago

For an analysis of the salaries of your company, you plot the salaries of all employees against the number of years they have w

Arisa [49]

Answer:

1. That values that you must plot are:

(1, 4.08))

(20, 5.08)

(40, 6.18)

2. Yes, the plot of those three points is straight enough.

Explanation:

A. What are the values you will plot?

The x-ccordinate of your plot is still the number of years the exmployees have worked for the company.

The y-coordinate of your plot is the the base-10 logarithm of the salary.

Therefore:

1) A part-time shipping clerk: 1 year, $12,000

⇒ $(1,log_{10}12,000)=(1,4.08)$

2) A manager: 20 years, $120,000

⇒ $(20,log_{10}120,000)=(20,5.08)$

3) The CEO: 40 years ago, $1,500,000

⇒ $(40,log_{10}1,500,000)=(40,6.18)$

Summarizing, the points to plot are:

(1, 4.08)

(20, 5.08)

(40, 6.18)

B. Will the plot of these three points be straight enough?

To find whether the plot is straight enoguh, you may either plot them, make a regression, or, since they are only three points, you can whether the change of rate of the points is constant.

Change of rate of the first two points, r:

r = rise/run = Δy / Δx = (5.08 - 4.08) / (20 - 1) =1.00/19 ≈ 0.05

Change of rate of the second and the third points, r:

r = rise/run = Δy / Δx = (6.18 - 5.08) / (20 - 1) = 0.05

Since both rate of changes are equal (or reasonably equal) the plot is straight enough.

4 0

2 years ago

Bramble Corp. incurs the following costs to produce 13000 units of a subcomponent: Direct materials $10920 Direct labor 14690 Va

Mumz [18]

Answer:

$4,850

Explanation:

The computation is shown below:

Total cost when the production is 13,000 units

Direct materials $10,920

Direct labor $14,690

Variable overhead $16,380

Total $41,900

And, the other case

Their new cost on supplier offer is

= $2.85 × 13,000 units

= $37,050

In the case when the order is accepted So the net income would increased by

= $41,900 - $37,050

= $4,850

7 0

3 years ago