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ch4aika [34]
3 years ago
5

If a 10 percent increase in both capital and labor causes output to increase by less than 10 percent, the production function is

said to exhibit decreasing returns to scale. If it causes output to increase by more than 10 percent, the production function is said to exhibit increasing returns to scale. Why might a production function exhibit decreasing or increasing returns to scale?
Business
1 answer:
olasank [31]3 years ago
3 0

Answer:

Because of economies and diseconomies of scale.

Explanation:

Increasing returns to scale refers to the situation when a proportionate change in input leads to more than proportionate change in output. This may happen because of economies of scale.  

Economies of scale are said to happen when the average cost of production decreases with the increase in the volume of output.  

Decreasing returns to scale refers to the situation when a proportionate change in input leads to less than proportionate change in output. This may happen because of diseconomies of scale.  

Diseconomies of scale occur when a firm experiences an increase in the average total cost as the volume of output increases.

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3 years ago
What the difference between yelling and raising your voice?
Eva8 [605]

The Difference from Yelling and raising your voice is... Yelling your like using anger it don't always have to be using anger it can be raising your voice but when you go outside and feel so excited! You Say WHOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO That's yelling and now here is an example of anger yelling Example: Go to your room! NO!! Even though you cannot hear but the Caps your using anger raising your voice is making it more clear. now it can be used as yelling aswell but not this time raising is let's say your shy your mother ask what do you want to eat you say Zaxbys she say's huh? Raise your voice i can hear you. Raise & Yell 2 Different things but can mean the same thing  Yell And Raise 2 Different Things But Can Mean The Same Thing! Yelling can be used as anger or loudness Raising can be used with anger aswell or raising your voice so people can hear you.

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5 0
3 years ago
Read 2 more answers
Explain the importance of international employment
Marrrta [24]

Answer:

having international workers allow organisation to be connected two other country markets as well.they get to know the best places to get resources and how to approach different countries through being thought business norms and culture by international employees.

4 0
3 years ago
as a young entrepreneur, how can you show the responsible ways of purchasing activities on any possible situations you may consi
Helen [10]

Answer:

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1. Measured production of inventory or units of products- If an entrepreneur is producing bicycles for instance, (s)he should only spend on inventory that (s)he anticipates will be sold to customers or purchased by retailers. For example, let's assume that the entrepreneur has a purchase order from a retailer such as K-Mart for 500 bicycles. In this case the entrepreneur should only produce around 550 bicycles rather than 700 or 1000 bikes, thus, purchasing supplies and producing inventory in accordance with demand for his/ her bicycles.

2. Lowering costs of production where possible- Firstly, this can be done by purchasing supplies and materials for inventory in bulk. Secondly, the entrepreneur could outsource the manufacturing of his/her product to countries (such as China) where production costs are significantly cheaper.

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3 years ago
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Answer:

searching products by brand

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