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faltersainse [42]
3 years ago
14

Over a five-year span, the ABC Co. reduced the amount of labor it hired. At the same time, the marginal productivity of labor in

creased. Which of the following COULD explain this observation? (a)the law of diminishing marginal returns (b)labor saving technical change (c)organizational innovation (d)All of the above.
Business
1 answer:
tankabanditka [31]3 years ago
5 0

Answer: D. All of the above

Explanation: The three options listed could explain why the productivity of labor increased with a reduction in the quantity of labor hired. The law of diminishing returns states that as more and more inputs of production are added, a time comes in when additional inputs causes no corresponding increase in productivity. At points like this a reduction in the input added would restore productivity.

Reducing the amount of labor obviously is a labour saving technical change. Changes in organizational innovation can also result in changes in productivity.

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Suppose a competitive market is comprised of firms that face identical cost curves. The firms experience an increase in demand t
Verdich [7]

Answer:

(i)New firms will enter the market.

(iii)In the long run, all firms will be producing at their efficient scale

Explanation:

A perfect competition is characterised by many buyers and sellers of homogenous goods and services. Market price is set by the forces of demand and supply.

If firms are earning positive profits, in the long run new firms would enter into the industry and this woold drive positive profits to zero. As a result , firms would be operating at the efficient scale.

I hope my answer helps you

7 0
3 years ago
Read 2 more answers
Swifty Corporation is unsure of whether to sell its product assembled or unassembled. The unit cost of the unassembled product i
Bumek [7]

Answer:

See below

Explanation:

Assembled product

Cost = $24 + $20 = $44

Selling price = $69

Profit = $69 - $44 = $25

Unassembled product

Cost = $24

Selling price = $56

Profit = $56 - $24 = $32

Therefore, Swifty corporation should sell before assembly, the company will be better off by $7

5 0
2 years ago
Five hundred units of good x are currently bought and sold. The marginal buyer is willing to pay $40 for the 500th unit, and the
dimaraw [331]

Answer:

D : All options are correct

Explanation:

- The marginal buyer is the essence of demand curve while marginal seller is essence of supply curve.

- @ Q = 500 units,    Selling Price is set at SP = $35

- @ Q = 500 units,    Buying Price is set at BP = $40

- Since, SP ≠ BP our equilibrium price would be $ 37.5 assuming the price elasticity of demand and supply are equal. In any case the equilibrium price would lie in between [ 35 , 40 ] such that to prevent a shortage of units in near future.

- Moreover, if the seller decides to sell at price $35 then he must sell goods greater than 500 units to reach the equilibrium profits. However, it could also lead to excess of units or surplus.

- We see that from selling the goods at SP = $35 while the buyer is willing to pay BP = $40 for 500 goods, the seller would be under-profiting and would be earning $5*500 = $2,500 less than he would at equilibrium price of $40 and selling units greater than 500. Hence, 500 goods is not an efficient quantity of goods.

6 0
3 years ago
When stimulated by _____, arterioles supplying the digestive system ______, which decreases blood flow to digestive organs.
denis-greek [22]

When stimulated by sympathetic nervous, arterioles supplying the digestive system constrict, which decreases blood flow to digestive organs.

The respiration machine works immediately with the circulatory machine to offer oxygen to the body. Oxygen taken in from the respiration machine movements into blood vessels that then circulate oxygen-wealthy blood to tissues and cells. These consist of arteries consisting of the femoral and coronary arteries. The partitions of those arteries have masses of easy muscle, this means that that they may be capable of settlement or relax (dilate) to extrude the quantity of blood delivered, as needed.

Learn more about supplying here:

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6 0
10 months ago
Cant take big d but i suck on it....
Scrat [10]
.. huh and orange then me too and brown and green faking a red green brown
6 0
2 years ago
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