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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.

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Ivanhoe Company purchased a new machine on October 1, 2017, at a cost of $77,980. The company estimated that the machine has a s
ad-work [718]

Answer:

Annual depreciation= $10,160 a year

Explanation:

Giving the following information:

Ivanhoe Company purchased a new machine on October 1, 2017, for $77,980. The company estimated that the machine has a salvage value of $6,860. The machine is expected to be used for 72,900 working hours during its 7-year life.

Annual depreciation= (original cost - salvage value)/estimated life (years)

Annual depreciation= (77,980 - 6,860)/7= $10,160 a year

6 0
2 years ago
The Single European Act was put in place in an attempt to Multiple Choice convince Great Britain to remain in the EU. determine
Pani-rosa [81]

Answer:

Remove all impediments to the formation of a single market.

Explanation:

The Single European Act was signed in Luxembourg and the Hague in 1986.

The goal fo the Act was to create a single market by 1992 among the members of the European Community.

A single market is an economic bloc when barriers to the transit of goods and services, and to the transit of the factors of production (labor and capital).

8 0
3 years ago
Goods that are normally consumed together, like peanut butter and jelly, are what kind of goods?select one of the options below
BigorU [14]
<span>The answer is a. complementary </span>
5 0
3 years ago
Doogan Corporation makes a product with the following standard costs:
AveGali [126]

Answer:

Direct material quantity variance= $2,170 unfavorable

Explanation:

<u>To calculate the direct material quantity variance, we need to use the following formula:</u>

Direct material quantity variance= (standard quantity - actual quantity)*standard price

Direct material quantity variance= (2*5,000 - 10,310)*7

Direct material quantity variance= $2,170 unfavorable

4 0
2 years ago
Choose the term that best matches the description given.
givi [52]

People often visits tourist attraction sites.  That there has been an increase in ecotourism, which is tourism to exotic, often threatened natural environments refers to <u>ecological </u>factors.

<h3>What influences tourism?</h3>

Ecotourism is known to be a new trend in the tourism industry. A factor analysis was done and five environmental factors were known to have a negative impact on tourists experience. They include;

  • Pollution
  • Tourism product offering
  • Park violation,
  • Environmental management
  • Tourism impacts.

Learn more about Tourism from

brainly.com/question/5501800

6 0
2 years ago
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