Answer:
c. decrease
Explanation:
The law of diminishing marginal return confers that adding more of a unit of production while holding the other inputs constant will lead to a decline in productivity. Employing more units of a particular input will increase productivity until the optimal level is achieved. Beyond the optimal level, the benefits from an extra input will increase at a decreasing rate and eventually losses.
Adding more custodians will be beneficial up to the level only. Any extra custodians past the optimal level will cause a reduction in labor productivity.
529 plan would be the answer
Answer:
Cost of goods manufactured= $3,120
COGS= $2,750
Explanation:
<u>To calculate the cost of goods manufactured, we need to use the following formula:</u>
cost of goods manufactured= beginning WIP + direct materials + direct labor + allocated manufacturing overhead - Ending WIP
Cost of goods manufactured:
beginning WIP= 0
direct materials= 2,200
Direct labor= 1,000
Factory overhead= 520
Ending work in process= 600
Cost of goods manufactured= $3,120
<u>Now, we can determine the cost of goods manufactured:</u>
COGS= beginning finished inventory + cost of goods manufactured - ending finished inventory
COGS= 0 + 3,120 - 370
COGS= $2,750
Answer:
SHEILA
Explanation:
A person has comparative advantage in production if it produces at a lower opportunity cost when compared to other people.
Sheila's opportunity cost in producing berries = 10/40 = 0.25
Jim's opportunity cost in producing berries = 8/24 = 0.33
Sheila has a lower opportunity cost in the production of berries and thus has a comparative advantage in the production of berries
Answer:
Option C Incorrect; adjusting for price changes, his salary is less than his dad's salary
Explanation:
Adjustment to price changes = (Amount received n years ago divided by Price Index n years ago) * Price Index today
Adjustment To price changes = ($28,000 / 110.8) * 180.5 = $45613.7
The amount $28,000 is worth $45,613.7 in todays value which means that if we adjust for price changes, Dave is incorrect because his salary is worth less by an amount $613.7 from his father's salary.
