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shepuryov [24]
3 years ago
5

If your firm's production function has constant returns to scale, then if you double all your inputs, your firm's output willa.

double and productivity will rise.b. double but productivity will not change.c. more than double and productivity will rise.more then double but productivity will not change
Business
1 answer:
ryzh [129]3 years ago
7 0

Answer:

Letter b is correct.<u> Double but productivity will not change.</u>

Explanation:

Scale returns are characterized by an increase in production associated with an increase in production factors.

It is a concept that relates to the concept of economy of scale, but while in an economy of scale the effect of decreasing unit cost related to an increase in production levels, a return of scale corresponds to the effect of increase that occurs by the relation between the quantity of inputs and production.

Therefore, alternative b is correct, because at a constant return to scale, productivity increases at the same rate as inputs increase.

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A company making tires for bikes is concerned about the exact width of its cyclocross tires. The company has a lower specificati
Irina18 [472]

Answer:

Capability index = 0.4444

Explanation:

Given:

lower specification limit = 22.8 mm

Upper specification limit = 23.2 mm

The standard deviation = 0.15 mm

Mean = 23 mm

Capability index = ?

Computation of Capability index:

Capability index = minimum of [ \frac{USL-mean}{3(SD)} ,\frac{mean - LSL}{3(SD)} ]

Capability index = minimum of [  \frac{23.2-23}{3(0.15)} ,\frac{23 - 22.8}{3(0.15)} ]

Capability index = minimum of [  \frac{0.2}{0.45} ,\frac{0.2}{0.45} ]

Capability index = minimum of [  0.4444 , 0.4444 ]

Capability index = 0.4444

7 0
4 years ago
Valerie promises Teresa that she will pay Teresa $50 if Teresa will clean Valerie's house by noon on Saturday. If Teresa cleans
Leya [2.2K]

Answer:

b) false

Explanation:

This could be considered a bilateral and executory contract because both parties agreed to perform and exchange consideration in the future (in this case, Saturday). But it cannot be considered an implied contract.

E.g., an implied contract happens when you enter a movie theater and a commercial relationship is established where the movie theater must allow you to see a movie and you must pay your ticket for doing so. The same applies for other public places restaurants, theme parks, etc.

But in this case, Valerie's house is not a place where any person is free to attend. You cannot just go into Valerie's house and start cleaning so that she pays you $50.

Implied contracts might also result from previous performances, e.g. Teresa cleans Valerie's house every Saturday for almost 2 years now. The past performance might result in an implied contract, but this wouldn't be the case here either.

4 0
4 years ago
Genie Software Inc. has been operating in the country of Jamtland for almost a decade. The nation is currently experiencing an e
Gwar [14]

Answer:

Genie will have better access to highly skilled human capital at a lower cost.

Explanation:

During times of economic downturn, the rate of unemployment rises due to reduced production by firms in the economy. When the economy slows down, consumption drops, leading to reduced demand for goods and services. A reduction in demand forces organizations to cut down production,  and consequently laying off workers.

Service and manufacturing industries do not create employment opportunities during economic downturns. As a result, college graduates cannot find jobs, which increases unemployment. An increase in unemployment and a low supply of jobs leads to a reduction in wage rates. Genie software will, therefore, be able to find highly qualified employees at a lower cost during times of economic downturns.

8 0
3 years ago
Dose scientific management theory ca cause dissatisfaction in the workers?
balu736 [363]
Answer: Yes it does
3 0
3 years ago
After completing his competitor analysis, Justin realized his company was the only one with all-natural ingredients in their piz
kolbaska11 [484]

Answer:

Justin has uncovered the Opportunity aspect of the SWOT analysis  

Explanation:

The SWOT analysis stands for strength, Weakness, Opportunity and Threat.

The term opportunity refers  to chances, openings  that is available  for an organisation in the market in which it operates. Opportunity usually arises from external environment of the organisation.

An organisation that is able  to spot and exploit opportunities will have the ability to compete favorably in the market and make a huge difference in its operations.

Therefore, Justin realizing that his company was the only one with all-natural ingredients in their pizza crust and could use this to get the pizza into more health food grocery stores has uncovered an opportunity which if leveraged on will enhance its profitability.  

8 0
4 years ago
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