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satela [25.4K]
3 years ago
11

The principle of diminishing returns to capital states that if the amount of labor and other inputs employed is held constant, t

hen the greater the amount of capital in use the:A) the more an additional unit of capital adds to production.B) the less an additional unit of capital adds to productionC) less is produced.D) less production is wasted
Business
1 answer:
Arturiano [62]3 years ago
4 0

Answer:

B) the less an additional unit of capital adds to production

Explanation:

The diminishing return state that if everything else is held constant, each additional unit will increase production by a fewer amount than previous one. That's because the same amount of resource can only use efficiently a certain amount of capital then there is a loss in this good use and therefore, the output do not increase at the same rate as we add up capital.

A person can do a good use of several type of tool for building a house but I can only use one or two at the time

Adding more tools can increase productivity but in the end there is only one person working.

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Orrick Company reported total assets of $4,200,000, total liabilities of $700,000, and total equity of $3,500,000 at the end of
rewona [7]

Answer:

The debt-to-equity ratio of the company is 0.2

Explanation:

The formula to compute the debt to equity ratio is as:

Debt to equity ratio = Debt / Equity

Where

Debt is total liabilities which amounts to $700,000

Equity is total equity which amounts to $3,500,000

Putting the values in the above formula:

= $700,000 / $3,500,000

= 0.2

Debt to equity ratio of the company is 0.2

8 0
2 years ago
Utility gained with each individual unit of a good that you purchase is called ______________. (select the best answer.) select
xxMikexx [17]
<span>Utility gained with each individual unit of a good that you purchase is called </span>a. marginal utility

This is of high importance because marginal utilities are used to determine how many items a consumer is willing to buy.
6 0
3 years ago
As the manager of a golf resort, you want to increase the number of tee times sold by 10%. Your staff economist (and junior cadd
Alex73 [517]

Answer:

The price of tee-time should be reduced by 6.67%.

Explanation:

The price elasticity of demand for tee times is –1.5.  

The manager wants to increase the number of tee times sold by 10%.  

The price elasticity of demand shows the change in quantity demanded due to a change in the price level. It is the ratio of the percentage change in quantity demanded and percentage change in price.  

Price elasticity = \frac{\% \Delta Q}{\% \Delta P}

- 1.5 = \frac{10 \%}{\% \Delta P}

\% \Delta P = \frac{10}{- 1.5}

\% \Delta P = - 6.67 \%

7 0
2 years ago
he units of Manganese Plus available for sale during the year were as follows: Mar. 1 Inventory 22 units @ $29 $638 June 16 Purc
Mama L [17]

Answer:

Thus, difference in gross profit = $144 + $144 = $288

Profit as per FIFO is higher than profit as per LIFO

Explanation:

In the given case, as per both the methods computation shall be as follows:

Date                    Quantity                   Rate              Amount

Mar 1                     22 units                   $29                 $638

Jun 16                   31 units                    $30                 $930

Nov 28                 41 units                     $37                 $1,517

Total                     94 units                                           $3,085

Closing units = 18

That means sales = 94 - 18 = 76 units

Thus as per LIFO cost = 41 units @ $37 + 31 units @ $30 + 4 units @ $29

= $2,563

Closing stock = 18 units @ $29 = $522

As per FIFO cost = 22 units @ $29 + 31 units @ $30 + 23 units @ $37 = $2,419

Closing stock = 18 units @ $37 = $666

Thus, difference of closing stock = $666 - $522 = $144

Profit as per FIFO is higher by $144

Cost is higher in LIFO by $2,563 - $2,419 = $144

Thus, difference in gross profit = $144 + $144 = $288

6 0
3 years ago
The doctrine that makes a defendant liable even if the defendant is without fault is called...
Elanso [62]
<span>C: strict liability

I hope this helped ya :)</span>
4 0
2 years ago
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