1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
jekas [21]
3 years ago
9

If the marginal product of labor falls whenever more labor is used, and labor is the only factor of production used by the firm,

than at every output level the firm's short-run average variable cost exceeds marginal cost. T/F
Business
1 answer:
valentina_108 [34]3 years ago
6 0

Answer:

False

Explanation:

If the marginal product of labor falls whenever more labor is used, and labor is the only factor of production used by the firm, than at every output level the firm's short-run average variable cost is less than marginal cost.

At the point of diminishing marginal productivity or returns, while marginal product is falling, marginal cost is rising because they have an inverse relationship.

Furthermore, at the point of diminishing returns, with marginal product falling with increasing output, marginal cost will rise above average cost because the cost of each additional unit of labor will be higher than the the previous, hence the average will be lower.

You might be interested in
Professional skepticism related to detecting possible fraud involves the validation of information through probing questions. cr
Gnom [1K]

Answer:

True

Explanation:

Professional skepticism is an examining mindset which makes you conscious of the situations that may suggest possible error or scam as well as a critical evaluation of audit facts.

6 0
3 years ago
You and four other team members attend a seminar on conflict. The seminar costs $150 per person. You will need to drive two cars
Sveta_85 [38]

Answer: $825

Explanation:

Total seminar cost for the team;

= 150 * 5 people

= $750

Two cars need to be driven the 100-mile round trip at 37.5 cents per mile.

= 2 * 100 * 37.5

= 7,500 cents

= $75

Cost of Seminar = 750 + 75 = $825

5 0
3 years ago
Statement of Cash Flows Paige's Properties Inc. reported 2018 net income of $1.90 million and depreciation of $259,000. Paige's
SCORPION-xisa [38]

Answer:

See calculations below

Explanation:

With regards to the above we'll simply add back the given depreciation to the net profit for 2018

= Net income $1,090,000 + depreciation

$290,000

= $1,358,000

Cash flow for 201 is $1,358,000

5 0
2 years ago
The process of attracting individuals on a timely basis, in sufficient numbers, and with appropriate qualifications, to apply fo
irina1246 [14]

Answer:

recruitment is the correct answer.

Explanation:

  • Recruitment is a process of hiring and selecting the right and qualified person for a vacant position.
  • The recruitment process involves selecting a required candidate, sourcing attracting, investigating the job qualifications, screening, analyzing the application, strategy development, evaluation and shortlisting.
  • The advantages of the Recruitment process are increased applicant quality, increase manager satisfaction and improve employment name.
4 0
3 years ago
Helppp please
Nikolay [14]
The answer has to be true
6 0
3 years ago
Other questions:
  • In a Bring Your Own Device (BYOD) policy, the user acceptance component may include separation of private data from business dat
    14·1 answer
  • Info Tech, Inc. makes complex telecommunications products, such as cellular telephones. Since this company has a distinctive com
    6·1 answer
  • ____________one of Reich's four key components, is making a reasoned analysis of an opportunity, envisioning potential solutions
    10·1 answer
  • Mines in Colombia produce emeralds and sell them to jewelers in the United States. To Colombia miners, emeralds are an export.Tr
    6·1 answer
  • Below are the 2014 and 2015 year-end balance sheets for Tran Enterprises:
    9·1 answer
  • Mercantilists wanted a favorable balance of trade, by which they meant a. exports = imports. b. exports > imports. c. exports
    14·1 answer
  • PS.02 A process that utilizes inexpensive general-purpose capital equipment will tend to have higher skilled workers.
    10·1 answer
  • Comic books originally published in japan​
    11·1 answer
  • What are the answers to the management quiz 13,14,15, and 16
    8·1 answer
  • Investors who acquire preferred stock: Multiple select question. will receive more dividends than common stockholders. have pref
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!