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
tensa zangetsu [6.8K]
3 years ago
8

What is the name of the law that states that as we shift factors of production from making one good or service to another, the c

ost of producing the second item increases?
Business
2 answers:
Umnica [9.8K]3 years ago
4 0
I did some research and found out it is the law of increasing costs
:)
sergey [27]3 years ago
4 0

Answer:

Law of increasing costs

Explanation:

The law of increasing costs states that when the production of a product increases, the costs also rise. They increase because when the production rises, you require more factors of production that are land, labor, capital and entrepreneurship. The amount of factors you need can cause that when you increase your production, the costs and the earnings increase at different rates which can decrease your profit margin.

You might be interested in
Ahmed, a lawyer, sold his car to Carlos. Has an implied warranty of merchantability been created by this transaction? No, becaus
GuDViN [60]

Answer:

A.  No, because Ahmed is not a merchant.

Explanation:

Implied warranty of merchantability is a law in contract which states that when there is a transaction between a seller (the merchant), and a buyer, there is an unwritten guarantee from the seller, that the product meets up to the ordinary standards of care. This means that the goods must be fit to do what the merchant says it will do.  Therefore, if the seller finds it defective, he could return it to the seller. and if the seller refuses to make a change, a legal case could be established. The merchant by law is a wholesaler or retailer, who sells goods in which he has expertise or special skills.

Ahmed in the question could be argued in court to not be a merchant of cars and as such, has no expertise with which he can make a guarantee for the car being sold to Carlos.

5 0
3 years ago
The following information is taken from the production budget for the first quarter: Beginning inventory in units 1000 Sales bud
olga2289 [7]

Answer:

The correct answer is 408,000 units

Explanation:

Computing the finished goods units to be produced during quarter is as:

= Desire units - Beginning inventory units

where

Desire units is 3,000

Beginning inventory units is 1,000

So,

=3,000 units - 1,000 units

= 2,000 units

Now, computing the finished goods units as:

Finished goods units = 2,000 units + Sales budgeted for the quarter

Finished goods units = 2,000 units + 406,000 units

Finished goods units = 408,000 units

NOTE: It should be 408,000 not 40800.

7 0
3 years ago
Which scenario most strongly indicates that workplace rules will have to be changed to resolve the conflict
8090 [49]

The scenario that show workplace rules need to be changed is Workers voting to disband their union because they feel that it has not adequately represent their interest.

<h3>What is a workplace?</h3>

A workplace is a designated location or place where employees of and employer work or a place where workers perform their designated duties.

Therefore, The scenario that indicate workplace rules need to be changed to resolve conflict is Workers voting to disband their union because they feel that it has not adequately represent their interest.

The question is incomplete are the options were not given.

Here are the options from another website.

  • A lack of deadlines for research staff, preventing other staff members from getting information in a timely fashion
  • Line workers and executives not eating together at lunch, except for onescheduled day each month
  • An employee threatening to quit, because he did not get a raise that he hadcounted on and believed he deserved
  • Workers voting to disband their union because they feel that it has not adequately represent their interest.

Learn more about workplace below.

brainly.com/question/1249474

5 0
2 years ago
Tim is a member of the sales department at FreshOveggie, a gourmet grocery store. One of hismajor tasks includes sending e-mails
Zina [86]

Answer:

D.

Explanation:

Variety of sales jobs: There are hundreds, maybe thousands, of different types of sales positions. Almost every good or service you know of has a salesperson who sells it to one or more people.

Types of sales jobs:

-Retail sales person. Sells goods or services to consumers for their personal use.

-Wholesale sales person. Buys products from manufactures and sell to other organizations.

-Manufacturer’s sales representative, typically sell directly to wholesalers or retailers.

-Order taker: usually will ask the customer what he/she wants or wait for the customer to order. They do NOT have a sales strategy and often use no sales presentation. Example: think of a waiter.

-Order getter: get new and repeat business using creative sales strategies and a well-executed sales presentation.

8 0
3 years ago
Banks helped international trade by allowing merchants access to money in different locations. please select the best answer fro
Bogdan [553]

The Given Statement is TRUE. Banks helped international trade by allowing merchants access to money in different locations.

<h3>What is International Trade?</h3>

International Trade is the exchange of goods and services across international borders. It usually comes with additional risks caused by changes in exchange rates, government policies, laws, judicial systems, and financial markets.

International trade drives a country’s growth. Import-export figures are one of the top contributors to a country’s gross domestic product. Thus, every country tries to strengthen its global trade relationships with world leaders.

<h3>What is the role of the banks in International Trade?</h3>

Banks facilitate international trade by providing financing and guarantees to importers and exporters. While access to external funds is important for domestic production, it is especially important for exporting firms.

<h3>What did a Merchant do?</h3>

Merchants were those who bought and sold goods, while landowners who sold their own produce were not classed as merchants.

Thus, we can conclude that the above statement is TRUE.

Learn more about International Trade on:

brainly.com/question/15115779

#SPJ4

4 0
2 years ago
Other questions:
  • The inverse demand for a homogeneous-product Stackelberg duopoly is P = 16,000 - 4Q. The cost structures for the leader and the
    10·1 answer
  • Suppose a salesperson tells you that one of his/her goals is to increase sales by the end of the month. Which of the following i
    8·1 answer
  • Lynn Bernerd, Inc., manufactures and sells reclining furniture. The company currently operates in the United States but wishes t
    15·1 answer
  • Partridge Bookstore had 500 units on hand at January 1, costing $9 each. Purchases and sales during the month of January were as
    12·1 answer
  • Each piece of stock that you own in a company is called a what?
    13·1 answer
  • Explain how accrual accounting differs from cash-basis accounting; apply the revenue and expense recognition principles) During
    5·1 answer
  • The civil service system was created to put an end to which of the following?
    7·1 answer
  • CakeCo, Inc. has three operating departments. Information about these departments is listed below. Maintenance is service depart
    9·1 answer
  • The demand function for a certain make of ink-jet cartridge is the following where p is the unit price in dollars and x is the q
    9·1 answer
  • Agency problems are most likely to be associated with?
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!