Answer:
The correct answer that fills the gaps are: A. increase; E. decreasing.
Explanation:
The Law of diminishing returns has a fundamental role in the productivity of a factor, since it indicates that the marginal productivity of each factor decreases as more units of it are added to the production process (leaving the rest of the productive factors in a constant amount). In this way exceeding the optimum amount of a productive factor can even result in a decrease in total productivity.
It is necessary to explain the basic concept of diminishing marginal returns. If we increase the quantity of a productive factor and leave the amount used of the rest fixed, there will come a time when the quantity of final product we obtain is less as we produce more and more. There may even come a time when, by increasing a unit of factor employed (for example, work or machinery), production decreases.
Explained in simple words, it seems that despite what may be thought a priori, increasing a factor not only does not increase the production of the good or service but can lead to a gradual decrease in the amount produced.
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NOTE: If you need to extend the explanation given, you can make a comment or add a new question. I will be very pleased to help you.
Answer:
a. True
Explanation:
It is true that her situation characterizes what her economics professor's mentioned on stagflation.
She experienced high internet cost more than she is paying, she was also notified on an increase in the utility summer rates, increase in the cost of her schoolbooks, and gasoline all point to what stagflation is.
Stagflation is detected when a nation experiences slow economic growth obvious with an increase in the cost of goods, which means a reduction in purchasing power as Casey experienced. When companies want to still be running their business, they will increase the cost of their services as there are fewer goods available and the currency weakened.
Answer:
1. B. Nurses and doctors.
C. X-ray technician.
E. A nursing home.
2. Decrease; Increase
Explanation:
1. To produce medical care means to have the capacity to give medical care and this is what doctors and nurses do. When you go to a hospital and they diagnose and recommend treatment, they are producing medical care. In Nursing homes this is also done as they have full time medical staff that provide health care to their clients so they are also considered producers of medical care.
An X-ray technician produces medical care by showing the parts of the body that may have been damaged.
2. If the number of medical care producers increase, the equilibrium price will go down because the shift in the supply curve to the right will intercept the demand curve for medical care at a lower point thereby decreasing equilibrium price.
Consumer surplus refers to the difference between the price that customers would have paid and the price they are paying so with the prices lower, consumers will see their surplus increase.
I don’t know but I need points lol sorry
Answer:
The options that are true regarding dividends include:
- A stock dividend increases the number of outstanding shares.
- A stock dividend commonly indicates management's confidence that the company is doing well.
Explanation:
A stock dividend is a payment to shareholders that is made in shares rather than in cash.
Once investors receive stock dividends, the number of their shares will increase. this validates the first statement
Secondly, stock dividends have a tax advantage for the investor. The share dividend, like any stock share, is not taxed until the investor sells it unless the company offers the option of taking the dividend as cash or in stock.
The stock dividend has the advantage of rewarding shareholders without reducing the company's cash balance thereby indicating management's confidence in the company is well-being.
