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
A change in the asset turnover ratio from 1.3 to 1.6 would indicate a. a decrease in the effectiveness of assets in producing sa
Zarrin [17]

Answer:

a decrease in the effectiveness of assets in producing sales by a favorable trend in using assets to generate sales.

Explanation:

Assets turnover ratio = \frac{Net Sales}{Average assets}

Therefore when the ratio increases it means the level of sales has increased, with a higher rate than earlier.

Now also with this it reflects that the effectiveness of assets in producing sales as by a favorable trend, as higher the ratio more favorable it is, as depicts higher sales.

7 0
3 years ago
Uestion 2 (1 point)
Oksanka [162]

Answer:

The answer is Convenience goods

Explanation:

...

3 0
3 years ago
Read 2 more answers
Madison Corporation's production cycle starts in the Processing Department. The following information is available for April: Un
charle [14.2K]

Answer:

Equivalent Units of Production :

(1) Materials = 298000

(2) Conversion Costs = 284400

(3) Total = 582400

Explanation:

The Concept of Equivalent Units entails identifying number of completed units in terms of their completion % in the input component or process.

<em>Step 1 : Determine Units Completed and Transferred to Finished Goods</em>

<em>Units in Process = Units Output</em>

Units In Process                                298000

Less Closing Work In Process            34000  

Completed and Transferred             264000 (Balancing figure)

<em>Step 1 : Determine Equivalent Units for each input component</em>

Materials:

Completed and Transferred 100% = 264000×100%= 264000

Closing Work In process 100% = 34000×100%= 34000

Total = 298000

Conversion Costs:

Completed and Transferred 100% = 264000×100%=264000

Closing Work In process 60%=34000×60%=20400

Total =284400

5 0
3 years ago
Identify the correct era of the various developments described below.
aleksley [76]

Answer:

1. Pre-industrial

  • First ad in English
  • Symbols and words

Pre-industrial advertising involved the first ads in English as well as extensive use of symbols and words as there was no multimedia to use voice.

2. Industrial

  • Unique selling proposition

3. Global Interactive

  • DVRs and narrowcasting

The current era. Marketing and advertising have moved on to target smaller groups with more relevant information for them. This is narrowcasting.

4. Industrializing

  • Marketing by wholesalers

With the rise in technology, more goods were made but advertising was still at early stages. This led to wholesalers doing their own advertising.

5. Postindustrial

  • Demarketing starts

The era before the current one. Advertisers started learning to influence audiences more and demarketing came along. This is advertising aimed at making consumers buy less of a product. It is usually done when products are in short supply.

7 0
3 years ago
Donna manages the service desk and makes routine decisions related to customer refunds and merchandise returns. Donna also overs
Oksana_A [137]

Answer: B- First-Line

Explanation: A first-line Manager is directly above non-managerial workers . They have a key role to play in the organisation ensuring effective and efficient operation, and setting the standard for how things are done.

First line managers are an important source of information about worker satisfaction for management to take into account in their organizational planning process as they daily interact with the non managerial workers.

5 0
4 years ago
Other questions:
  • A collective bundle of shares is called?
    11·1 answer
  • A _____ should measure 4 inches high, with no more than 1/4 inch clearance above the floor surface
    8·1 answer
  • A chord of a circle of radius 5cm subtains an angle of 70°at the centre.calculate the length of an arc
    8·1 answer
  • Badger Enterprises purchased aluminum from JG Metals. When Badger Enterprises recorded this transaction, they made entries into
    14·2 answers
  • A certificate of deposit often charges a penalty for withdrawing funds before the maturity date. If the penalty involves two mon
    13·1 answer
  • M10-10 Computing and Reporting a Bond Liability at an Issuance Price of 102 [LO 10-3] E-Tech Initiatives Limited plans to issue
    10·1 answer
  • Edward is considering a career managing his family's citrus grove. Which club might he be most interested in based on his career
    10·1 answer
  • What is an example of product marketing?
    13·1 answer
  • Selected sales and operating data for three divisions of different structural engineering firms are given as follows: Division A
    10·1 answer
  • A concrete block making company is developing an aggregate capacity plan from the following sales forecast for its 6” and 8” con
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!