For a typical business firm, as production continues to expand marginal cost will increase due to the use of less productive resources.
<h3>What is law of diminishing marginal productivity?</h3>
The law of diminishing marginal productivity states that as the unit of a good produced by using more variable input units alongside a certain amount of fixed inputs increases, the total output may grow at a faster rate initially, then at a steady rate, and then starts decreasing or diminishing as the units of good produced increases.
<h3>What is marginal cost?</h3>
Marginal cost can be defined as the additional amount of money that is paid by a business firm from the production of an additional unit of a good or service.
In conclusion, as production continues to expand for a typical business firm, marginal cost will increase due to the use of less productive resources in accordance with the law of diminishing marginal productivity.
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Answer:
D. They oversee some waterways.
Answer:
The cost of opportunity is 4 pancakes.
Explanation:
The cost of opportunity is by definition the amount of things you don't do or buy, because of choosing doing or buying something else. In this case, Maria can make:
This means that at every moment, she can choose to make or 8 pancakes or 2 waffles, but not both. If we continue with this logic, in the time she could make 1 waffle, she could have chosen to make 4 pancakes. This is her cost of opportunity.
Turning a draft budget into spending bills.
It is called liabilities. A liability is an organization's money related obligation or commitments that emerge over the span of its business operations. Liabilities are settled after some time through the exchange of financial advantages including cash, merchandise or administrations. Recorded on the correct side of the monetary record, liabilities incorporate credits, creditor liabilities, contracts, conceded incomes and accumulated costs.
