Answer:
D) total costs to increase by more than double when output doubles.
Explanation:
Decreasing returns to scale refers to a situation where you can double your inputs but your total production output will be less than double. The output will increase in a smaller proportion than the inputs.
In this scenario, the more units you produce, the greater the cost per unit of production.
Answer:
The first investment is more profitable than the general market interest rate.
Explanation:
Giving the following information:
An investment will pay $202,000 at the end of next year for an investment of $182,000 at the start of the year. The market interest rate is 7.9% over the same period.
<u>To compare both options, we need to calculate the final value of investing the $182,000 in other investment that pays a 7.9% interest rate.</u>
We need to use the following formula:
FV= PV*(1+i)^n
FV= 182,000*(1.079)= $196,378
The first investment is more profitable than the general market interest rate.
Answer:
Question 1:<u> Autarky</u> is a situation in which a country does not trade with other countries. The <u>terms of trade</u> is the ratio at which a country can trade its exports for imports from other countries.
Question 2: The correct options for question 2 is d. all of the above
Explanation Answer 1
Autakry is a theoretical economic condition in which a country is self-sufficient. In such a scenario, it won't require the need to trade with other countries. The terms of trade are a ratio which depicts the average trade made for a particular country i.e average for both the imports and exports.
Explanation Answer 2
In reality, countries have to trade. They might lack important resources, such as oil or even food. They might also need to trade raw materials that might be required for export products.
Sometimes, it might even better to move the production of a product, from one country to another, simply because it might be cheaper.
Hence, in question 2, all of the options are correct.
Explanation:
Answer:
The correct answer is letter "D": adaptability; competitive advantage.
Explanation:
A competitive advantage is a factor of an organization that differentiates it from others. In front of the rapid changes the world is facing, not only in technology but also in politics and social awareness, companies must learn how to adapt to this new scenarios to strive against economic hardships since nowadays it is not only important to be good at doing something but also it is important to be good at how to do things in front of new situations.
Answer:
TAKT time: 840 seconds
maximum output: 315 coolers.
Explanation:
The takt time refers to matching the production pace with the demand
To produce 30 coolers per 7-hours day we need an outpot of:
7 hours x 60 minutes x 60 seconds = 25,200
output of 30 coolers
takt: 25,200 / 30 = 840 seconds
producing a cooler every 840 seconds is the takt time.
Maximum output:
If the company does several cooler in parallel it will have a bottle neck in the longest individual task so, this time determinates the maximum output.
25,200 second of working time available
80 second longest task to complete a cooler:
25,200 / 80 = 315 coolers.
