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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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3 years ago
State law of diminishing returns​
DedPeter [7]

Answer:

see below

Explanation:

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3 years ago
What types of information are found on a balance sheet ? (Select all that apply.)
Tema [17]
C) Interest expense.
4 0
3 years ago
Read 2 more answers
Q 10.7: Melbee Farms is considering purchasing a new combine that would help them finish their harvesting faster, thus allowing
LUCKY_DIMON [66]

Answer:

Discounted payback period= 3 years 1 month

Explanation:

The discounted payback period is the estimated length of time in years it takes the present value of net cash inflow from a project to equate the net cash the initial cost  

To work out the discounted payback period, we will compute present value of the cash inflow and then determine how long it will take for the sum to be equal to the initial cost. This is done as follows:

Year     Cash flow     DF        Present value  

0           487,000 × 1          = (487,000)

1          157,000 × 1.07^(-1) = 146,729.0

2         182,000 × 1.07^(-2) = 158965.8

  3         202,000 × 1.07^(-3) = 164,892.2

4         213,000  × 1.07^(-4) =162,496.7

Total PV for 2 years = 146729 +158965+164892= 470587.0

Balance of cash flow remaining to equal  =  487,000-470587 = 16413.0

 Discounted payback period = 3 years + 16413.0 /162,496.7 × 12 months

= 3year , 1.2months

Discounted payback period= 3 years 1 month

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3 years ago
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