1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
sergiy2304 [10]
2 years ago
9

Which of the following is not true about the law of diminishing returns? It is a short run phenomenon. It refers to diminishing

marginal product. It will have an impact on the firm's marginal cost. It divides Stage I and II of the production process. All of the above are true.
Business
1 answer:
Natasha2012 [34]2 years ago
3 0

Answer:

All of the above are true.

Explanation:

The law of diminishing returns was first formulated by the classic economist David Ricardo. It presupposes a technical relationship between input and output, which is not scientifically demonstrable but only empirically. In practice, in a generic production system, at any contribution of any factor, that is, land, labor, capital, machines, etc. there is no proportionally increasing production increase.  

Normally it is assumed that the law does not always come into operation but only when the variable input exceeds a certain threshold. For example, the increase of workers on an assembly line certainly allows a proportional increase in production, but only until the entire system begins to suffer from malfunctions due to logistics or work organization, precisely because of the its getting bigger. Large industrial plants have shown that they must be divided into sections, however coordinated, precisely because of the decreasing returns. This is because the increase in the number of workers and the mass of the plants does not correspond to a consequent increase in production.

You might be interested in
Fax machines, voice mail, electronic mail, and electronic conferencing are all examples of
snow_tiger [21]
They are forms of Communication.
5 0
2 years ago
The Conceptual Framework, ________________, reflects a centrality of affirmed principles, beliefs, and practices that guide the
Komok [63]

Answer:

Model for learning

Explanation:

4 0
3 years ago
What kind of advertisements would a company be unable to measure with standardized
Artist 52 [7]
Goodwill would be unable to measure the standardize tests.
6 0
2 years ago
7. Gold Company has budgeted the following costs for the production of its only product: Direct Materials $75,000 Direct Labor 5
STatiana [176]

Answer:

$68 = unitary variable cost

Explanation:

Giving the following formula:

Gold Company wants a profit of $100,000

Production= 2,500 units

Selling price= $125

Fixed indirect production costs 27,500

Fixed selling and administrative costs 15,000

<u>To calculate the target total unitary variable cost, we need to use the following formula:</u>

number of units sold= (desired profit + fixed costs) / (selling price - unitary variable cost)

2,500= (100,000 + 27,500 + 15,000) / (125 - unitary variable cost)

312,500 - 2,500unitary variable cost = 142,500

170,000 = 2,500unitary variable cost

$68=unitary variable cost

3 0
3 years ago
Golden Eagle Company prepares monthly financial statements for its bank. The November 30 adjusted trial balance includes the fol
jolli1 [7]

Answer:

Date       General Journal                                Debit       Credit

Dec 31    Supplies expenses                           $2,300

               (1,650+3,800-3150)

                      Supplies                                                       $2,300

               (To record the supplies used during the period)

Dec 31     Insurance expenses                         $1,650

                      Prepaid expenses                                        $1,650

                (To record the insurance expired for December)

Dec 31      Salaries expenses                            $15,300

                       Salaries payable                                          $15,300

                (To record the unpaid salaries)

Dec 31        Deferred revenue                            $1,150

                   (3450/3 months)

                          Rent revenue                                             $1,150

                   (To record the revenue earned during the period)

7 0
3 years ago
Other questions:
  • An express warranty is created when a seller: makes an affirmation of fact or promise concerning the goods that becomes part of
    7·1 answer
  • As part of his overall stock portfolio, jason bought a few shares of facebook. in this context, he would best be described as __
    7·1 answer
  • Give Three ways in which new technology has effected service industries in recent years.
    6·1 answer
  • Darrin’s Auto Northern Division is currently purchasing a part from an outside supplier. The company's Southern Division, which
    11·1 answer
  • Suppose group price discrimination is possible but a firm chooses not to and sets the same price in each market. As a result Sel
    6·1 answer
  • A stock is expected to return 13 percent in an economic boom, 10 percent in a normal economy, and 3 percent in a recessionary ec
    6·1 answer
  • Williams &amp; Co. management is trying to decide the appropriate prices for various products sold by the firm. This is a focus
    9·1 answer
  • Who should you' alert that you are interviewing for jobs? A.Your references B.Other possible employers C.Your classmates D.Your
    5·2 answers
  • After the presentation, you discover that you provided some inaccurate figures. in a few cases, you inadvertently overstated by
    14·2 answers
  • Sheffield Corp. owns the following assets: Asset Cost Salvage Estimated Useful Life A $540000 $42000 10 years B 201000 23500 5 y
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!