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3 years ago

Which of the following is an example of technological progress?

2 answers:

7 0

Producing more output by revamping operation methods of the assembly line.

B. is about total hours of labor, using the same technology
C. is about total workers, using the same technology
D. is about space to use the same technology

trasher [3.6K]3 years ago

5 0

Answer:

producing more output by revamping operation methods of the assembly line

Explanation:

The increase in production from technological progress occurs when the company introduces a new form of production that produces more goods at a lower cost, rationalizing the inputs to the production line (capital and labor). For example, imagine a firm with an assembly line of 10 workers and a machine. If the company changes its production line, replacing the machine and half of the workers with a more modern machine and the production increases to 2000 units, this means that there was a productivity gain, because with a lower utilization of the factors of production (a machine and 5 workers) The company produced twice as many products, due to technological progress.

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LF Corporation, a manufacturer of Mexican foods, contracted in 2014 to purchase 1,500 pounds of a spice mixture at $5.00 per pou

kramer

Answer:

(b) a loss of $750

Explanation:

Given;

Amount of spice mixture to be purchased = 1500 pounds

Price of spice mixture in 2014 = $5.00 per pound

Changed price of sugar mixture = $4.50 per pound

Now,

The amount to be received on the day of contract in 2014

= Amount of spice mixture to be purchased × Price of spice mixture in 2014

= 1500 × $5.00

= $7,500

and,

The amount to be received in 2015

= Amount of spice mixture to be purchased × Price of spice mixture in 2015

= 1500 × $4.50

= $6,750

The difference in Expected amount and the amount to be received

= $7500 - $6750

= $750

Since the amount to be received is less than the expected amount on the day of contract

Therefore,

a loss will be recognized

Hence,

the correct answer is option (b) a loss of $750

5 0

4 years ago

Applying the concept of opportunity cost to the pollution of a lake, an economist probably would conclude that: a. no pollution

mrs_skeptik [129]

Answer:

d. pollution should be eliminated as long as the benefit from a cleanup exceeds the opportunity cost.

Explanation:

Opportunity cost is defined as the forgone cost of doing a particular activity. If you were not undertaking this activity what would you have gained by doing something else?

In this case as long as the benefit from cleaning up the pollution is greater than the opportunity cost (pollution) it should be undertaken.

5 0

3 years ago

All of the following statements regarding Government National Mortgage Association (GNMA) pass-through securities are true EXCEP

trasher [3.6K]

Answer:

B) GNMAs are considered to be the riskiest of the agency issues

Explanation:

The Ginnie Mae or GNMA pass through securities are mortgage backed. The Great recession taught us that mortgage backed securities are not always 100% secure, but they are still considered secure investments basically because they are guaranteed by the US government. They are similar to the securities sold by the US Treasury.

Ginnie Mae basically guarantees mortgages using federal funds (from Federal Housing Administration and Department of Veterans Affairs).

3 0

4 years ago

True or false the texas legislature is classified as highly professional, the highest level of institutionalization.

Phantasy [73]

<span>Your question lacks some context. So, I am going to assume that you are talking about relates to America as a whole. If my assumption is right, I'd have to say that the answer is false because they are at the state level and the federal level outranks it. For instance, if Texas passes a law abolishing a minimum wage, the law on federal minimum wage still must be followed.</span>

4 0

3 years ago

Dj, inc., has net working capital of $2,170, current liabilities of $4,590, and inventory of $3,860.

jenyasd209 [6]

The above answer can be explained as under -

Given,

Current Liabilities = $ 4,590

Net working capital = $ 2,170

So, the current assets will be calculated as under -

Net working capital = Current assets - Current liabilities

$ 2,170 = Current assets - $ 4,590

Current assets = $ 2,170 + $ 4,590