Answer:
Constant Return to Scale
Explanation:
Based on the information given the numbers
suggest that between 100 and 110 units of output, the firm producing this output has CONSTANT RETURN TO SCALE.
Constant Return to Scale occurs in a situation where the proportional increase in all the inputs is as well equal to the proportional increase in output which means the returns to scale are constant , which is why RETURNS TO SCALE help to describe all what happens to long run returns when the scale of production increases.
Therefore Constant returns to scale often occur when the output increase in exactly the same way or the same proportion as the factors of production.
Answer:D.
maintain a concerned expression
Explanation:
One of the main traits of a successful Custer service agent is empathy. When the customer is angry and one isaintaining a happy or pleaseant face, he will interprete it as lack of concern for his plight.
The best expression is to maintain a concerned expression that shows you sympathise with his situation and you have personalised the situation.
This sympathy is expressed as doing your best to effectively solve the customer problem.
Answer: After Tax Nominal Rate - 12.6%
After Tax Real Rate - 3.6%
Explanation:
<em>Real Rate of return is defined as the nominal interest rate less inflation. </em>
The After Tax Real Rate therefore caters for tax from the Nominal rate and then deducts Inflation.
The formula is,
= Nominal Rate( 1 - tax rate) - Inflation rate
= 14% ( 1 - 10% ) - 9%
= 14 ( 90% ) - 9
= 3.6%
The <em>Nominal Rate is simply the Real Rate plus Inflation</em>. The After tax real rate has already being found so the After Tax Nominal Rate is,
= 3.6 + 9
= 12.6%
Answer:
d) change in total benefit that occurs when a person consumes another unit of the good.
Explanation:
Marginal cost can be defined as the additional or extra cost that is being incurred by a company as a result of the production of an additional unit of a product or service.
Generally, marginal cost can be calculated by dividing the change in production costs by the change in level of output or quantity.
Utility can be defined as any satisfaction or benefits a customer derives from the use of a product or service.
This ultimately implies that, any satisfaction or benefits a customer derives from the use of a product or service is generally referred to as a utility.
Furthermore, the marginal utility of goods and services is the additional satisfaction that a consumer derives from consuming or buying an additional unit of a good or service.
Marginal benefit can be defined as the highest amount of money (in dollars) that a consumer (buyer) is willing to pay to a seller in order to acquire an additional unit of a product i.e one more unit of the product.
Hence, marginal benefit would be described as the change in total benefit that occurs when a person consumes another unit of the good.
