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guapka [62]
3 years ago
15

True or False: The shape of the production function reflects the law of diminishing marginal returns. True False

Business
1 answer:
devlian [24]3 years ago
6 0

Answer: True

Explanation: The slope of the production function measures the change in output for each additional unit of input (the marginal return). It can be observed that the production function becomes flatter as more number of input is added. This exhibits the property of diminishing marginal return where at some point, adding an additional factor of production results in smaller increases in output. At this point, the effectiveness of each additional unit of input decreases.

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How does compensation useful to the prospect
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Including incentives in the sales compensation plan makes a totally new level of worth within your organization. Sales compensation enables you to realize decided results and reassure behaviors in a way planned for an individual role in the organization.

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2 years ago
The amount of the good that buyers are willing and able to purchase at a given price is<br> called
monitta
The amount of a good or service buyers are willing and able to trade at a given price is known as the quantity demanded of that good or service. ... A demand schedule is the tabular representation of all the quantities demanded at different prices whereas a demand curve is a graphical manifestation of the demand schedule.
7 0
3 years ago
Warranties do little to inform the customer about perceived product quality and manufacturer commitment to customer satisfaction
sammy [17]

Warranties do little to inform the customer about perceived product quality and manufacturer commitment to customer satisfaction.

Proper products ought to have a stable value proposition and solve a real hassle, be comprehensible via customers, perform their undertaking as effortlessly and efficaciously as viable, and emerge as better and tougher to component with the more they may be used.

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5 0
2 years ago
Divine Apparel has 2,600 shares of common stock outstanding. On October 1, the company declares a $0.25 per share dividend to st
murzikaleks [220]

Answer:

Explanation:

The journal entries are shown below:

On October 1

Dividend Declared A/c Dr $650        (2,600 shares × $0.25)

         To Dividend payable A/c $650

(Being dividend is declared)

On October 15

No entry is required

On October 31

Dividend payable A/c Dr  $650

        To Cash A/c  $650

(Being dividend is paid for cash)

6 0
3 years ago
Rick Palmer received a $2,500 raise this year. This increased his salary as an associate TV producer from $45,000 to $47,500. Wh
PilotLPTM [1.2K]

Answer: Rick had a 5.55%  nominal salary Increase.

Explanation:  In Finances & Economics , Nominal value is measured in terms of money . This means that the value has not been adjusted against inflation and will only show the "Number Value" rather than the economic value which is how much purchase power this salary increase really means.

The formula to calculate the % for this nominal increase is : (Final Value - Initial Value) / Initial Value * 100 ==>> ($47500-$45000)/$45000 = 0.55 *100 ===> 5.5%

4 0
4 years ago
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