Answer: D. All of the above
Explanation: The three options listed could explain why the productivity of labor increased with a reduction in the quantity of labor hired. The law of diminishing returns states that as more and more inputs of production are added, a time comes in when additional inputs causes no corresponding increase in productivity. At points like this a reduction in the input added would restore productivity.
Reducing the amount of labor obviously is a labour saving technical change. Changes in organizational innovation can also result in changes in productivity.
Answer: The answer is "mechanistic".
Your firm has a "<em><u>mechanistic"</u></em> structure.
Explanation: The mechanistic organization, emphasizes the rules and tries to imitate the standardized operation of a machine. In this type of organization people have little autonomy and there is no room to improvise. Thus, the adoption of the chain of command principle allows the existence of a hierarchy of formal authority, where each person is controlled and supervised by a single superior.
Organizations that follow this model tend to be impersonal, rigid, and regulated.
It's a symbol of showing an eye often surrounded by rays of light or a glory and usually enclosed by a triangle. It represents the eye of God watching over humanity. Hope this helps.
Answer: d. a two year opportunity cost of $40,000 after leaving her teaching position.
Explanation:
Hi, to answer this we have to analyze the information given.
The difference between teaching modern dance and joining a touring dance company per year is:
- $44,000- $24,000 = $20,000
We simply subtracted the earnings per year at the touring dance company to the earnings per year of teaching modern dance.
The opportunity cost per year is $20,000.
Since she is joining the touring dance company for 2 years, the opportunity cost is:
Dawnell’s decision will result in a two-year opportunity cost of $40,000 after leaving her teaching position. (option d)
