Answer:
The correct answer is: the additional product generated by additional units of an input will eventually diminish.
Explanation:
The law of diminishing marginal returns states that with each additional unit of input employed the marginal product of each additional input will go on declining.
This is why the total product will increase at first but after reaching a certain point it will start declining. The total product will be maximum at the point where the marginal product is zero. When marginal product becomes negative the total product will decline.
Answer:
1. Benefits Of Regional Economic Integration
2. Enhanced political cooperation. Several nations usually have a much larger political influence as compared to the influence that each individual country would have.
3. Creates trade. Member countries in a regional economic integration agreement have a wider choice of services and goods that were previously unavailable.
<em>4. Employment prospects. </em>
Explanation:
The benefits of regional integration can easily identify. There are economic benefits such as additional trade, improved quality, increased imports and exports, high-quality international relations and an integrated market. Regional integration can enhance the general quality of life for the citizens of those states.
Answer: $8,400
Explanation:
Tax liability for a year is computed on the nominal capital gain as of that year not the inflation-adjusted gain. As such, should the asset be sold today, the capital gains tax of 28% will be computed on the capital gain of $30,000 in the following manner;
= 28% * 30,000
= $8,400
Answer:
<span> 1) If a producer can provide cable service more cheaply than another producer, it is an</span> absolute advantage.<span>
2) If a producer can produce salads while giving up fewer opportunities to make sandwiches than another producer, it is a</span> comparative advantage.
3) If a producer can create more car parts than another producer does, using the same number of resources, the price per unit is cheaper and it is an absolute advantage.
Absolute advantage<span> is the ability of a person, a country, company or region to produce a good or service at a cheaper price per unit than another entity producing the same good or service.</span>
Comparative advantage<span> is the ability of a person, a country, company or region to produce a specific good or service more efficiently (lower opportunity cost) than another entity to produce the same good or service.</span>
Answer:
$6.98 per pound
Explanation:
The computation of the selling price per pound is shown below:
As we know that
8 pounds of coffee sells for $9.20 per pound which equal to
= 8 pounds × $9.20 per pound
= $73.6
And, 12 pounds of coffee is for $5.50 per pound which equal to
= 12 pounds × $5.50 per pound
= $66
The total value would be
= $73.6 + $66
= $139.60
And, the total number of pounds would be
= 8 pound + 12 pound
= 20 pounds
And we assume the selling price per pound be X
So, the equation would be
$139.60 = 20 pounds × X
So, X would be
= $139.60 ÷ 20 pounds
= $6.98 per pound
