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2 years ago

The law of increasing costs means that when an economy increases the production of one item

1 answer:

3 0

The law of increasing costs means that when an economy increases the production of one item the opportunity cost goes up. It is a principle that states that once all factors of production (land, labor, capital) are at maximum output and efficiency, producing more will cost more than average.

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Padraig receives total employment compensation of $70,000 and had $2,000 in job expenses. Which of the following could be true a

dimulka [17.4K]

Answer: Option C

Explanation:

The total compensation along with benefits are $72000. When the employee benefits calculated the annual gross pay given in option C . 12.5% interest calculated on $64000 will give total compensation of $72000.

Calculation of total compensation

Employee benefits = $64000 x 12.5/100

=$8000

Annual compensation= $64000 +$8000

=$72000

4 0

3 years ago

Read 2 more answers

Rhea's company sets specific goals for product features and reliability, offers incentives for achieving goals, and regularly so

adell [148]

Answer:

Total quality management.

Explanation:

Since Rhea's company sets specific goals for product features and reliability, offers incentives for achieving goals, and regularly solicits employee feedback on the causes of customer issues. These activities are part of a total quality management system.

A total quality management (TQM) can be defined as a management tool used to attain customer's satisfaction and improved productivity leading to long-term success in the business. The starting point or first step of the total quality management (TQM) is customer focus.

Hence, in order to achieve a long-term success in customer satisfaction, organizations should use the total quality management approach by involving all of its employees with high standards and work ethics.

4 0

2 years ago

Laura is a gourmet chef who runs a small catering business in a competitive industry. laura specializes in making wedding cakes.

quester [9]

Laura should both reduce her variable costs and increase her total revenue. If she charged 10% more ($275 instead of $250) and reduced her variable costs by 10% ($162 instead of $180), she would nearly double her profits. She would profit $93 per cake compared to her current $50.

8 0

2 years ago

Cheizza, a pizza vendor in the country of Wisbane, believes that the taste of fresh cheese in its pizzas is its unique selling p

damaskus [11]

Answer:

The correct answer is letter "A": Resource scarcity.

Explanation:

Resource scarcity is the basic economic problem by which individuals have unlimited wants and needs but rely on limited sources to fulfill them. Because of this situation, individuals have to trade-off the satisfaction of part of some needs so others can be satisfied as well.

In the example, the scarce resource is the milk that is useful to produce cheese for the pizzas sold in Wisbane.

4 0

2 years ago

Planned investment spending will decrease if: the interest rate rises. consumer expectations about wealth grow more optimistic.

Dima020 [189]

Answer:

the interest rate rises.

Explanation:

When interest rate increase, borrowing money from the banks become expensive. Individuals and companies will not be able to borrow money to finance investments as the interest rates would be discouraging. When the interest rates are high, saving with banks becomes more attractive. Interests earned of deposits become more appealing than the rate of return of an investment project.

Investments increase when the economy is doing well. If real GDP is to increase or consumers are more optimistic, it means the economy is doing well. Firms operate at near capacity if the economic conditions are favorable. In these three situations, investments will increase, not decrease.

4 0

2 years ago