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Nostrana [21]
3 years ago
12

In a particular production process the quantities of all inputs used double and then the quantity of output increases by less th

an double. This means that
a. no mathematical representation of the relevant production function can be formulated.

b. the relevant production function has the increasing returns property.

c. the relevant production function has the diminishing returns property.

d. relevant production function has the constant returns property.
Business
1 answer:
Zolol [24]3 years ago
4 0

ANSWER

C. DIMINISHING Returns to property/ scale

EXPLANATION

Returns to Scale is a production concept used in Long Run (when all factors are variable i.e changeable)

It denotes relative change in output when all inputs change in same proportion .

Increasing Returns to Scale : Proportionate Increase in Output > Proportionate Increase in all inputs .

Constant Returns to Scale : Proportionate Increase in Output = Proportionate Increase in all Inputs .

Negative Returns to Scale : Proportionate Increase in Output < Proportionate Increase in all Inputs .

So : If all inputs are doubled (X2) - If output increases equal i.e double (X2) , Constant Returns to Scale . If output increases more i.e triple (X3) , Increasing Returns to scale . If output increases less i.e (1.5X) , Decreasing Returns to Scale.

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<u>Explanation:</u>

Any company must measure the customer lifetime value for its success. Customers are the important factor that decides the growth of any business. They play an important role of buying the goods and services produced by any business. It is required to know how much it costs to attain new customers than retaining the older customers.

By measuring the CLTV, a company can make better decisions like the goals related to marketing, reduction in the cost related to acquisition, customer retention,etc. CLTV can be measured by subtracting the  amount spent by a customer  from the total cost that is spent in maintaining the relationship with that customer.

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A company has a selling price of $1,300 each for its printers. Each printer has a 2 year warranty that covers replacement of def
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Answer:

$56,000

Explanation:

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Answer:

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A normal supply curve should move upward from left to right. The expresses the Law of Supply: (given that all other factors remain without change) As the price of a product increases, the quantity supplied should also increase.

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An ounce of gold costs right now $1,500 and 100 ounces of gold are being traded right now at that price. If a new buyer comes in and wants to buy the 101th ounce of gold, then following a normal supply curve, the new buyer would need to pay more for that extra ounce of gold, maybe $1,510.

What the supply curve shows us is that given a certain price Y, a company will be willing to sell X amount of goods.  The more demand a product has (X + 1) > X, then the price Y will increase until a new balance is found.

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