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4 years ago

If a production function has constant returns to scale, output can be doubled if:

Business

1 answer:

klasskru [66]4 years ago

5 0

Answer:

The correct answer is that if all of the inputs double,output can be doubled.

Explanation:

Constant returns to scale is a situation where output increases at the same level with increase in inputs.In other words. a 20% increase in factors of production brings about the same percentage increase in production.

In other words, the increase in inputs has no impact at all on the cost per unit of output.

Whereas increasing returns to scale means when inputs is increased,output increased by a much more higher percentage.

Lastly,all of the inputs double is a preferred option,because in the long run when returns to scale applies, all factors of production are variable.

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When a third party receives an unwarranted cost, it is called a...

Nezavi [6.7K]

Answer:

negative externality

Explanation:

A product can be defined as any physical object or material that typically satisfy and meets the demands, needs or wants of customers. Some examples of a product are mobile phones, television, microphone, microwave oven, bread, pencil, freezer, beverages, soft drinks etc.

In Economics, a positive externality arises when the production or consumption of a finished product or service has a significant impact or benefits to a third party that isn't directly involved in the transaction.

On the other hand, a negative externality arises when the production or consumption of a finished product or service has a negative effect and/or impact (cost) on a third party.

This ultimately implies that, a negative externality is generated when a third party receives or bears an unwarranted cost. Some examples of a negative externality is John declining to buy his favorite candy due to an increase in its price, a manufacturing plant that causes noise and pollution to the people living around where it is situated, etc.

4 0

3 years ago

How does the life stage impact the culture of the organization?

Gnesinka [82]

Do you have answer choices?

3 0

4 years ago

An individual operating on the reality principle seeks ________.

butalik [34]

<span>This individual seeks a rational way to achieve personal gratification. In this Freudian principle it is generally thought that the ego is able to control the pleasure seeking part of the human component (known as the id). This control enables the human to live within reality in a rational way; to meet the needs and demands of the surrounding world.</span>

3 0

4 years ago

Employees in engineering and marketing divisions often disagree with each other about how to achieve targets mainly because they

kotegsom [21]

Answer: differentiation

Explanation:

From the question, we are informed that employees in engineering and marketing divisions often disagree with each other about how to achieve targets mainly because they have unique backgrounds, experiences, and training.

The above source of conflict is due to differentiation. The differentiation is as a result of them not working in thesame divisions hence, they see things differently and not in the same way.

6 0

4 years ago

Piechocki Corporation manufactures and sells a single product. The company uses units as the measure of activity in its budgets

8_murik_8 [283]

Answer:

$23,595

Explanation:

The computation of the direct labor in the planning budget is shown below:

Direct labor in planning budget is

= Actual level of Activity × Direct labor per unit

= 6,050 × $3.90

= $23,595

For calculating the direct labor in the planning budget we simply multiplied the actual activity level by the direct labor per unit

This is the answer but the same is not provided in the given options

7 0

3 years ago