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Ganezh [65]
3 years ago
14

JudyJudy hires students at ​$5050 a day to mow lawnsmow lawns. SheShe leases equipment that costs ​$8080 a day. Suppose that Jud

yJudy doubles the number of students sheshe hires and doubles the amount of equipment that sheshe leases. If JudyJudy experiences diseconomies of scalediseconomies of scale​, herher ​long-run average cost curve​ ______. A. is horizontal B. shifts upward C. slopes downwardslopes downward D. slopes upwardslopes upward E. shifts downwa
Business
1 answer:
Vsevolod [243]3 years ago
5 0

Answer:

D. slopes upward

Explanation:

if Judy experiences diseconomies of scale this means the return for adding further factor into the economy decreases. Therefore the marginal cost increase more than the marginal revenue from the added factor.

His average cost curve will shift upwards. Each time Judy adds equipment and workers his cost increase more than the previous worker or equipment.

<u>Resuming:</u>

Producing an additional units is more expensive than the previous unit therefore, the average cost increases through units output.

You might be interested in
You know that firm XYZ is very poorly run. On a scale of 1 (worst) to 10 (best), you would give it a score of 3. The market cons
e-lub [12.9K]

<u>Full question:</u>

You know that firm XYZ is very poorly run. On a scale of 1 (worst) to 10 (best), you would give it a score of 3. The market consensus evaluation is that the management score is only 2. Should you buy or sell the stock?

A. Buy

B. Sell

<u>Answer:</u>

Buy  the stock

<u>Explanation:</u>

At any position in time, the stock price displays all candidly accessible erudition about the company. This implies that an investor can obtain abnormal returns only if that investor holds private erudition about the firm's forecasts.

The firm's administration is not as critical as everyone else considers it to be, hence, the firm is underestimated by the market. You are scarcely hopeless about the firm's probabilities than the assumptions constructed into the stock price. As the administration of the firm is not as weak as anticipated to be. So the investor will determine to buy the stocks of the firm.

3 0
3 years ago
A data warehouse is one or more very large databases containing both detailed and summarized data for a number of years and from
navik [9.2K]

Answer:

True

Explanation:

Data warehouse involves combining different data/ information which is heterogeneous from various sources in order to have a comprehensive/large data base, it usually involves analytical reporting as well as decision making. For instance customer information from the point of sales system of the firm can be found in the database.

It should be noted that data warehouse is one or more very large databases containing both detailed and summarized data for a number of years and from numerous sources used for analysis rather than transaction processing.

8 0
3 years ago
Last year Christine worked as a consultant. She hired an administrative assistant for $15,000 per year and rented office space (
mel-nik [20]

Answer:

Explicit costs - $51,000

Explicit costs are those for which a person incurs in actual spending of money. In this case, Christine had to pay $15,000 in wages, and $36,000 in rent ($3,000 x 12). These are expenses that she had to pay money for, and that had to be accounted for in the accounting books, and in the financial statements. These are in other words, explicit costs.

Implicit costs - $40,000

Implicit costs are simply the opportunity costs. An opportunity cost is the cost of the next more valuable alternative when faced with two or more options. No money is paid for this costs. The implicit costs for Christine were the $40,000 that she not receive as wages if she had continued working at a real state firm.

8 0
3 years ago
Oak Interiors is owned and operated by Fred Biggs, an interior decorator. In the ledger of Oak Interiors, the first digit of the
Kipish [7]

Answer:

Oak Interiors

Matching each account number with its most likely account in the list:

12 - Cash

13 - Accounts Receivable

17 - Land

21 - Accounts Payable

31 - Fred Biggs, Capital

32 - Fred Biggs, Drawing

41 - Fees Earned

51 - Supplies Expense

52 - Wages Expense

53 - Miscellaneous Expense

Explanation:

a) Data and Classifications:

Digits and Accounts:

1—assets

12 - Cash

13 - Accounts Receivable

17 - Land

2—liabilities

21 - Accounts Payable

3—owner’s equity

31 - Fred Biggs, Capital

32 - Fred Biggs, Drawing

4—revenues

41 - Fees Earned

5—expenses

51 - Supplies Expense

52 - Wages Expense

53 - Miscellaneous Expense

b) The chart of accounts of Oak Interiors is where the financial accounting is organized into five major categories.  These categories are called accounts.  They include assets, liabilities, equity, revenue, and expenses.  This implies that all business transactions that are recorded in accounts are summarized under any of these five major headings.

4 0
2 years ago
What happens when a bond becomes due?
katen-ka-za [31]
<span>When you buy a bond, you're lending your money to a company or a government (the bond issuer) for a set period of time (the term). The term can be anywhere from a year or less to as long as 30 years. In return, the issuer pays you interest. On the date the bond becomes due (the maturity date), the issuer is supposed to pay back the face value of the bond to you in full.</span>
6 0
3 years ago
Read 2 more answers
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