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BartSMP [9]
4 years ago
14

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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Because of the free-rider problem,
Nookie1986 [14]

Answer:

c. private markets tend to undersupply public goods

Explanation:

Because of the free-rider problem, private markets tend to undersupply public goods

6 0
3 years ago
The Allowance for Bad Debts account had a balance of $8,500 at the beginning of the year and $7,200 at the end of the year. Duri
aliya0001 [1]

Answer:

The total amount of past-due accounts receivable that were written off as uncollectible during the year were: $17,300

Explanation:

The amount of past-due accounts receivable that were written off as uncollectible during the year are calculated by following formula:

Past-due accounts receivable that were written off as uncollectible = The Allowance for Bad Debts account had a balance at the beginning of the year + Bad debts expense was recognized - The Allowance for Bad Debts account had a balance at the end of the year = $8,500 + $16,000 - $7,200 = $17,300

3 0
4 years ago
lmaster makes high-performance sails for competitive windsurfers. Below is information about the inputs and outputs for one mode
Zarrin [17]

Answer:

The productivity in sales revenue/labor expense: 3.49

Explanation:

Total sales (revenue) = Sale price per unit x Units sold = $1,710 x 1,231 = $2,105,010

Total labor expense = Total labor hours x Wage rate = 46,453 x $13 = $603,889

The productivity in sales revenue/labor expense is calculated by ussing following formula:

The productivity in sales revenue/labor expense = Total sales/Total labor expense = $2,105,010/$603,889 = 3.49

That means for every dollar lmaster puts into labor, the company potentially makes $3.49 in sales revenue

8 0
3 years ago
Define nongovernment organizations
arlik [135]

Answer:

-UNICEF Việt Nam – Quỹ Nhi đồng Liên Hiệp Quốc

– UNFPA – Quỹ Dân số Liên Hợp Quốc

– UNIDO – Tổ chức Phát triển Công nghiệp Liên Hiệp Quốc

– Aide et Action International

– IntraHealth International

– The Asia Foundation

Explanation:

Tổ chức phi chính phủ phủ là tổ chức quốc tế trong đó các thành viên tham gia không phải là chính phủ, tổ chức phi chính phủ được thành lập một cách tự nguyện, hợp pháp không vì lợi nhuận, thúc đẩy sự phát triển trong công nghệ, khoa học kỹ thuật…

7 0
3 years ago
. A major distinction between temporary and permanent differences is a. permanent differences are not representative of acceptab
nadya68 [22]

Answer:

D Temporary differences reverse themselves in subsequent accounting periods, whereas permanent differences do not reverse.

4 0
3 years ago
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