1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
alexandr1967 [171]
3 years ago
10

Many mining and mineral extraction processes tend to exhibit increasing returns to scale. Suppose copper mines have increasing r

eturns, and the existing copper mines reduce their capital and labor inputs by 25 percent in response to a global recession. What is the expected impact on copper output
Business
1 answer:
IrinaK [193]3 years ago
6 0

Answer: D) Output decreases by more than 25 percent

Explanation:

When a firm is said to be experiencing Increasing Returns to Scale, it means that for every additional unit of a factor of production, the firm experiences a higher increase in production than the additional unit. For example, if a Firm's output increases by 1.5 every time they hire an extra worker, the firm is said to be going through Increasing Returns to Scale.

With that same logic, if factors of production were reduced, the company undergoes a reduction in output that is bigger than the reduction in the factor of production.

For this reason, option D is correct in saying that Output decreases by more than 25 percent.

You might be interested in
Scrappers Supplies tracks the number of units purchased and sold throughout each accounting period but applies its inventory cos
Elenna [48]

Answer:

1. Compute the cost of goods available for sale, cost of ending inventory, and cost of goods sold at December 31 under each of the following inventory costing methods:

A. Last-in, first-out:

  • cost of goods available for sale = $20,230
  • cost of goods sold = $12,315
  • ending inventory = $7,915

B. Weighted average cost:  

  • cost of goods available for sale = $20,230
  • cost of goods sold = $11,543
  • ending inventory = $8,687

C. First-in, first-out:

  • cost of goods available for sale = $20,230
  • cost of goods sold = $10,675
  • ending inventory = $9,555

D. Specific identification, assuming that the April 1 sale was selected one-fifth from the beginning inventory and four-fifths from the purchase of March 2. Assume that the sale of August 1 was selected from the purchase of June 30:

  • cost of goods available for sale = $20,230
  • cost of goods sold = $11,379
  • ending inventory = $8,851

2A. Of the four methods, which will result in the highest gross profit?

  • First-in, first-out , since COGS is lowest

2B. Of the four methods, which will result in the lowest income taxes?

  • Last-in, first-out , since COGS are highest

Explanation:

Beginning inventory, January 1 240 $21  = $5,040

A. Purchase on account, March 2 320 $23 = $ 7,360

C. Purchase on account, June 30 290 $27  = $7,830

total 850 units, $20,230

B. Cash sale, April 1 ($37 each) (390)

D. Cash sale, August 1 ($37 each) (95)

total units sold 485 units

COGS:

LIFO = (290 x $27) + (195 x $23) = $7,830 + $4,485 = $12,315

FIFO = (240 x $21) + (245 x $23) = $5,040 + $5,635 = $10,675

WA = ($20,230 / 850) x 485 = $11,543

SI = (78 x $21) + (312 x $23) + (95 x $27) = $1,638 + $7,176 + $2,565 = $11,379

5 0
3 years ago
(More than 1 answer)Which of the following collect and evaluate career outlook information: Internal Revenue Service
Lerok [7]

Answer: U.S. Dept. of Labor, Universities, and Colleges, as well as, State Department of Education collect and evaluate career outlook information.

Explanation:

4 0
3 years ago
During which time period was the annual rate of increase of the speed the greatest? a) from year 1 to year 2 b) from year 1 to y
muminat

The annual rate will increase with the greatest speed from year 1 to year 3.

<h3>What is the growth rate?</h3>

A growth rate is the proportion that changes the price of all goods and services produced in a country over a specific time period in comparison to a previous period.

The growth rate is used to measure the comparative fitness of an economic system over time. The numbers are commonly compiled and announced quarterly and annually.

From 1948 to 2021, the GDP Annual Growth Rate in the United States averaged 3.14 percent, with an all-time high of 13.4 percent in the fourth sector of 1950.

From the above declaration, it's clear that choice C, year 1 to year 3, is the proper option.

Learn more about Growth rate, refer to:

brainly.com/question/13776641

4 0
2 years ago
Meaning of accounting​
frutty [35]

Answer:

<em>Accounting is the process of recording financial transactions pertaining to a business.</em> 

6 0
2 years ago
The risk-free rate is 5% and the tangency portfolio has 20% expected return and 40% return standard deviation. A risk-loving inv
marissa [1.9K]

Answer:

B. 500

Explanation:

Portfolio return =  Weighted average return

Let the amount invested in portfolio is x and amount invested in risk free = 1000 - x

27.5% = 20%*x + 5%*(1000-x)

27.5% * 1,000 = 20%x + 50 – 5%x

0.275 * 1,000 = 15%x + 50

275 - 50 = 15%x

225 = 15%x

x = 225 / 0.15

x  =  $1,500

Hence, the amount of money borrowed = $1,500 - $1000

= $500

6 0
3 years ago
Other questions:
  • Quinlan-Cohen, Inc., publishers of movie and song trivia books, made the following errors in adjusting the accounts at year-end
    6·1 answer
  • Bismite Corporation purchases trees from Cheney lumber and processes them up to the splitoff point where two products (paper and
    15·1 answer
  • Check my answers please? 10 points!
    13·1 answer
  • In a recent year hart corporation had net income of $125,000, interest expense of $30,000, and tax expense of $40,000. what was
    14·1 answer
  • Q2. Clare works at the front desk of DESB. Between 10:30am and 11:00am, 10 students stop by to ask questions on average. It usua
    8·1 answer
  • 1. Why do companies frequently expand their business operations into other countries?
    6·1 answer
  • Kinney Company purchased a truck for $66,000. The company expected the truck to last four years or 100,000 miles, with an estima
    9·1 answer
  • A supervisor rewards a restaurant employee for cleaning the bathrooms by allowing the employee to stock the salad bar. ______ wo
    15·1 answer
  • Which of the following is not a benefit of marriage, according to the U.S. Department of Health and Human Services?
    14·1 answer
  • On January 1, 2019, the board of directors was considering the distribution of a $63,500 cash dividend. No dividends were paid d
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!