The significance of Total product, Average product, and Marginal product is that they show how effective, and efficient a manufacturing process is.
<h3>How do these metrics show productivity?</h3>
Taking the labor component in production as an example, one can see the impact of these metrics.
The total product will show just how much goods and services in total that the given amount of labor was able to produce. This gives management an idea of the effectiveness of the labor in producing goods and services.
The average product then shows how efficient labor is because it gives an idea of the products produced per labor.
Marginal product is very important as well because it helps management to know when to stop hiring labor. This point will be the production level that sees the marginal product being less than the cost of hiring additional labor.
These three metrics are therefore important to management because they help to determine effectiveness, efficiency, and cost of production.
Find out more on marginal product at brainly.com/question/24698689.
Answer:
B) the consumers generally pay the majority of the tax.
Explanation:
Unit Excise is an indirect tax ; whose incidence & impact lie on different people and the burden can be shifted among buyers & sellers.
The economic participant (buyers / sellers) having more inelastic market force (demand / supply) shares more burden of the tax. More burden of Indirect tax: lies on buyers if demand is more inelastic (less responsive to price) , lies on sellers if supply is more inelastic (less responsive to price).
So, if Unit Excise tax is placed on a good for which demand is very unresponsive to price change (inelastic) : Consumers (buyers) generally pay the majority of the tax.
Answer:
$278,000
Explanation:
On December 31,
Goods costing = $222,000
Physical count = $35,000
Amount should Sheridan report as its December 31 inventory:
= Inventory in hand as per physical count + Goods purchased from Windsor, Inc. under FOB basis + Cost of goods sold to Bonita Industries under FOB destination
= $222,000 + $35,000 + $21,000
= $278,000
<u>Explanation:</u>
Put simply, to measure one's task completion simply involves checking to see<em> whether what ought to be done has been done. </em><em>However, </em><em>to measure human performance checks to see whether what ought to be done has been done well by the individual.</em><em> </em>
Answer:
Option B is correct
Explanation:
In an indefinitely repeated game, a firm might use a trigger strategy to punish a rival that defects from a cooperative strategy. A trigger strategy threatens other players with a punishment of a worse level if they deviate from the decided action profile.
In this game, players interact repeatedly with each other which might foster cooperation. Repeated games mean a situation in which the same stage game is played at each date.