Answer: Option (a) is correct.
Explanation:
Figure attached with this answer shows the two curves, namely, average product curve and marginal product curve.
Marginal product refers to the change in the total output divided by the change in the quantity of inputs used.
Average product is calculated by dividing the total output produced with the quantity of inputs or factors of production used.
The relationship between marginal product and average product is explained by three phases:
(1) Average product is rising,
Marginal product is greater than the average product.
(2) Average product is maximum,
Marginal product is equal to average product.
(3) Average product is falling because of diminishing marginal utility,
Marginal product is less than the average product.
Answer:
C alternative would yield the lowest total cost for an expected annual volume of 111 boats
Explanation:
The computation of each alternatives are shown below:
A (new location)
Fixed cost $310,000
Variable cost ($400 × 111 boats) $44,400
Transportation cost $5,300
Total cost $359,700
B (subcontract)
Fixed cost $0
Variable cost ($3,200 × 111 boats)$355,200
Transportation cost $32,000
Total cost $387,200
C (expand existing facilities)
Fixed cost $74,000
Variable cost ($1,200 × 111 boats) $133,200
Transportation cost $88,000
Total cost $295,200
Out of these, the alternative C has the lowest total cost
Answer: pay satisfaction and promotion satisfaction
Explanation:
The Job Descriptive Index is designed in order to determine the satisfaction of employees with their jobs.
Since the company's pay scale meets the industry norm but does not exceed it, and the managers tend to stay at the same job level for a long time, then the company will score low on in a JDI survey in the area of pay satisfaction and promotion satisfaction.
Are there any answer choices or is it a blank?
Answer:
A recent college graduate's investment portfolio will differ from someone who is nearing retirement due to the length of time someone who is at the end of their career has had to invest whereas someone who is a recent college graduate hasn't had the time/money to invest
Explanation:
