The property of marginal cost increasing as the quantity of output increases is known as diminishing marginal product.
<h3>What is
diminishing marginal product?</h3>
Diminishing marginal product states that says as more units of a variable input of production is added to a fixed factor of production, output might increase initially but after a point total output would increase at a decreasing rate and marginal product would begin to decrease.
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Because accrued expenses represent a company's obligation to make future cash payments, they are shown on a company's balance sheet as current liabilities.
Answer:
The amount of bad debt expenses for the year 2018 is $38,000
Explanation:
In the given question we have been told that the allowance for bad debts is $8,000 which the uptown travel, Inc has made and also another information that has been given in the question is that the uptown travel Inc uses the aging of account receivable method , this a method where we are calculating the amount of uncollectible bad debt expenses.
In this question it is been given that there is $17,000 of amount that is written off and there is $29,000 of amount which is uncollectible , so we will add these amount , which will give us the total amount which is uncollectible,
= $29,000 + $ 17,000
= $46,000
But in the question it has been given to us that the uptown travel Inc ahs made a allowance for the bad debts, so we will subtract this amount from the total amount which is uncollectible to get the amount of bad debt expenses.
Bad debt expenses = $46,000 - $8,000
= $38,000
Answer: a) call his manager
Explanation: he should call his manager and take a day off to go see his doctor.
Answer:
a. The United States
should produce computers since its opportunity cost is higher.
Explanation:
The United States' computer intercept is 2,000,000 computers and its medical device intercept is 400,000 medical devices.
- opportunity cost of producing 1 computer = 2,000,000 / 400,000 = <u>5 medical devices</u>
- opportunity cost of producing 1 medical device = 400,000 / 2,000,000 = 0.2 computers
The Japanese computer intercept is 1,000,000 computers and its medical device intercept is 500,000 medical devices.
- opportunity cost of producing 1 computer = 1,000,000 / 500,000 = 2 medical devices
- opportunity cost of producing 1 medical device = 500,000 / 1,000,000 = 0.5 computers
