Answer: option(a) is correct.
Explanation:
Diminishing marginal returns also known as diminishing returns. It states that the additional input or factor of production that is used for the production of certain products and services, results in smaller increase in output. The output increases but at an decreasing rate. This is due to the efficiency or productivity of the additional factor of production. This will results in higher marginal cost because of the lower productivity from the additional input. So, marginal cost must be increasing.
Answer:
Their average hourly productivity as a team for chicken breasts will be
45.
Explanation:
Here, it is given that Mike and Tom debone chicken breasts for Ted' chicken company.
Mike debones 30 chicken breasts,
Meanwhile Tom is having his own experience in this work and knows how to calculate the hourly work
So, Tom allows Mike to debone only 60 chicken breasts per hour.
Now its mentioned that both Tom and Mike had worked 40hrs per week.
So, their average hourly productivity as a team will be:
⇒ 45
So, their average hourly productivity as a team for chicken breasts will be 45.
Answer:
The correct answer is the option F: a, b and c only.
Explanation:
To begin with, in most of the cases where a company receives commodities from other business and also gives finished products to other companies normally tend to focus more in his own stock price just like the other members of the supply chain do. In addition to that, these types of companies also focuses in the short run and in the day to day business due to the fact that do not encourage the fact of creating an alliance with the other members of the chain. And finally, all those factors take part of a whole that also includes the fact of not having time to learn how to implement collavorative business models to improve the perfomance of the business at the long run due to the fact that the managers are to busy working in the day to day operations and focuses on the short run and their own stock prices and not on working with the other managers' companies of the supply chain to establish an alliance that will help all of the members to improve everyone's performance and product.
<span>Provide stock option to the agent
This issue emerges when a person known as the agent consents to work for another which is the principal for some financial gains . Such arrangements may cause tremendous expenses for the agent in themanner prompting the issues of good risk and irreconcilable circumstance. Inferable from the expenses brought about, the agent may start to seek after his own particular plan and disregard the best rule and practice that will benefit the principal's work</span>
Answer:
A. for government to provide the good and then pay for its production through taxation.
Explanation:
Free Riding is an economic problem implying usage of 'non excludable' good, by people not contributing to pay for it.
Example : Roads, Bridges etc.
One most suitable solution to free rider problem is : Providing it through government and treating all prospective beneficiaries as unified consumers set , dividing the entire total cost equally between all of them - through mechanism of taxation
