Answer:
Diminishing returns
Explanation:
A firm producing widgets (term for a generic good) has two factors of production.
The factory and labour. The capacity of the factory is fixed, and the marginal cost
(MC) of labour is the same (i.e. each new worker will cost the same).
There are two stages to how MC is affected.
1. Increasing returns (MC goes down)
As output begins to increase, the large manufacturing processes/equipment still not fully utilised means and the additional labour can be productive as they can always use the equipment to its full potential due to which the MC is relatively low.
2. Constant returns (MC goes sideward)
At this point, labour is producing its optimal output per unit. The marginal cost is therefore at its lowest.
3. Diminishing returns (MC goes up)
The more labour that is employed, the less marginal output it is able to produce. This could be a result of too many people to efficiently operate/ rotate use of machinery. The cost increases more and more to generate an extra unit of output, because of labour exhibiting diminishing returns in the short run.
In this question, the 10th worker has added 22 units which is 3 units less than the number of units added by the 9th worker, thus the company is producing less marginal output for each worker. so based on the above discussion it can be concluded that the company has Diminishing returns.
The maximum possible change in the money supply is $250 million.
The change in required reserves when an amount of money is deposited in a bank is determined by the reserve requirement.
Reserve requirement = increase in required reserves / amount deposited
$10 million / $50 million = 0.20 = 20%
The change in money supply can be determined using this formula:
Amount deposited / reserve requirement
$50 million / 20%
$50 million / 0.2 = $250 million
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Answer:
Cost Containment
Explanation:
The reason is that the cost is the main factor when the the market players have equivalent capabilities and the firm then tries to manage the overall cost of the organization so that it can offer the product at the discount to the competitor's product. This lower cost gives the competitors advantage which the company utilizes in their best interest.
Answer: D
By the way, option C is equal to option B because there's no new information in C
Explanation:
This is business. Looking at the agitation of the Dentists and the Dental board, you can see that if the dentists didn't speak up they would have less number of patients or clients once the other business start offering teeth whitening services to people.
Dentists are medical practitioners, yes, but they earn from treating people with teeth problems or issues.
Statement D hence portrays the mindset of the dentists and the dental board
Answer:
The total firm value is $10,877 million
Explanation:
Value of Firm = Expected FCF/(WACC - Growth Rate)
= $1,005 million/(0.1386 - 0.0462)
= $1,005 million / 0.0924
= $10,877 million
Therefore, The total firm value is $10,877 million
