Suppose that real domestic output in an economy is 2400 units, the quantity of inputs is 60, and the price of each input is $30.
1 answer:
Answer:
Per-unit production costs would decrease.
Explanation:
Real domestic output in an economy is 2400 units.
The quantity of inputs is 60, and the price of each input is $30.
Total cost of producing 2400 units
=
= 1,800
Per unit cost of producing 2400 units
=
= 0.75
Total cost of producing 3000 units
=
= 1,800
Per unit cost of producing 3000 units
=
= 0.6
If productivity increased such that 3000 units are now produced with the quantity of inputs still equal to 60, per unit production cost will decrease.
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Answer:
The answer is "choice a"
Explanation:
In the given question the missing choices is added in attached file please find it.
The additional output produced through hiring an extra item of such an input reflects the marginal product (MP). For the very first time. for example, its marginal labor productivity was increased output generated by recruiting additional work.
This law diminishing marginal returns as more as units that even the marginal result of even an input, that is hired input.
In other words, any additional work input would generate less than a previous employee because recruiting additional workers decreases expected revenue on jobs, the laid-off of employees, which means the Labor would grow expected revenue.
In Japan is laying off fewer employees even despite the slowdown it continues to produce strong outputs. The lower-priced revenues and their work remain constant along with their steady overall performance.
Your medium product (total) item divided by total work would stay intact. United states staff layover to the other side. It laid-off the staff equals higher marginal labor for overall returns it's going to be higher production besides that, lower labor in the United States could mean an increase in the gross labor output but a larger for Japan, more then, that's why the choice a is correct.
