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Hunter-Best [27]
3 years ago
5

A lawn service company has the following production possibilities. With​ one, two,​ three, and four​ workers, the company can mo

w​ 4, 9,​ 12, and 14 lawns per​ day, respectively. Diminishing returns to labor set in with the​ _____ worker.
Business
1 answer:
Marianna [84]3 years ago
7 0

Answer: Third

Explanation:

Diminishing returns to labor refers to the phenomenon where every additional worker leads to an increase in production at a decreasing rate.

Using the scenario described, when there was only one employee the company could mow 4 lawns a day. They added a 2nd worker and that figure went to 9 lawns a day which is an increase of FIVE.

When they added a 3rd worker, the figure again went up but only to 12 which is an increase of THREE only as opposed to the last increase of FIVE.

After the third worker therefore, there was an increase but at a smaller rate.

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Which of the following activities are typically included in a project kick-off meeting? ​
ASHA 777 [7]

Answer:

b. The project manager outlines the project goals

Explanation:

As the name suggests, a project kick off meeting refers to the first and foremost meeting between project manager and his team and the clients of a project when commencing a new project.

The purpose behind such a meeting is to familiarize the project team, make them better understand the project and it's requirements and agreeing upon a plan of work together to accomplish the task.

Following steps would be noteworthy for conducting an effective project kick off meeting:

  • The project manager prepares his team and outlines and conveys the project goals to the team members and how they are to be attained.
  • Beginning the project client relationship on a good note and gaining client's support.
  • Putting one's best efforts with a systematic planned approach for the project kick off client meeting.

7 0
3 years ago
Norwegian Cruises is a company that owns and manages a large fleet of ships used primarily for cruises along Norwegian fjords. F
Bezzdna [24]

Answer:

Explanation:

hsjeneuejene

4 0
2 years ago
Read 2 more answers
In the long run, assuming that market demand stays the same, if firms in a competitive industry expand, then the product price w
navik [9.2K]

Answer:

True

Explanation:

In Microeconomics, there is a correlation between offer and demand. If the market demand stays the same, in a competitive industry expanding its demand other suppliers will come into the game.

So, in the long run. Prices will end up to fall as a result, until it stabilizes on average.

3 0
3 years ago
You are trying to determine the appropriate price to pay for a share of common stock. if you purchase this stock, you plan to ho
IRISSAK [1]
Here are my workings:
The answer would be= 1250/11 OR 113.6363636


I hope it helped you!

8 0
3 years ago
Convert each of the following estimates of useful life to a straight-line depreciation rate, stated as a percentage: (a) 10 year
Andru [333]

Answer:

Conversion of Estimates of Useful Life to Straight-line Depreciation Rate:

   Useful Life        Straight-line

                         Depreciation Rate

(a) 10 years              10%

(b) 8 years             12.5%

(c) 25 years              4%

(d) 40 years           2.5%

(e) 5 years             20%

(f) 4 years              25%

(g) 20 years            5%

Explanation:

a) Data and Calculations:

                               Straight-line

    Useful Life     Depreciation Rate   Conversion

(a) 10 years            10%                         100/10

(b) 8 years             12.5%                      100/8

(c) 25 years           4%                           100/25

(d) 40 years           2.5%                       100/40

(e) 5 years             20%                        100/5

(f) 4 years              25%                        100/4

(g) 20 years          5%                           100/20

3 0
3 years ago
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