1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
jasenka [17]
3 years ago
5

Exhibit 22-8 Above shows how output changes as the only one variable input, labor, changes. At what unit of labor does diminishi

ng marginal returns set in?

Business
1 answer:
Vadim26 [7]3 years ago
7 0

Answer: 3 units of labor

Explanation:

Diminishing Marginal Returns refers to a scenario where less marginal output is recorded as more inputs are invested.

From the exhibit, that point would be at 3 units of labor.

At 0 units of labor, 0 units of output was recorded.

At 1 unit of labor, 50 units of output was produced. This means 50 more units were produced.

At 2 units of labor, 110 units of output were produced. This means 60 more units were produced.

At 3 units of labor, 155 units of output were produced meaning that only 45 more units were produced as a result of the extra unit of labor.

This 45 units is less than the 60 units that adding the second unit of labor added to production meaning less marginal output was recorded as more inputs were invested starting here.

You might be interested in
"The current philosophy among managers today is best described as transaction management."A. TrueB. False
EastWind [94]

Answer:

A. True

Explanation:

Transaction management is a current philosophy among managers, in which the managers develop future-oriented processes and  and implement programs that helps to solve business problems along side bring out the best in each employee. This management philosophy can also be said to be one in which a manager undertakes personnel management, time management and also organizational management.

Cheers.

6 0
3 years ago
Certain economic principles are of considerable importance in the valuation of real estate. The principle that "no buyer will pa
Svet_ta [14]

Answer:

Substitution

Explanation:

Principle of subsitution states that no consumer should buy a product for a high price of he can get an alternative (duplicate) that is of a cheaper price.

Substitutes are alternatives that provide similar satisfaction to the customer.

When the price of one product goes up the customer has a choice of going for an alternative.

For example honey and sugar are substitutes. When the price of one goes down people will go for the cheaper alternative. This acts as a price control mechanism.

5 0
3 years ago
An example of global dependency is when products are produced and used in the same country? True or false
alexandr402 [8]

Hello there,

An example of global dependency is when products are produced and used in the same country?

Answer: False

8 0
3 years ago
A T-bill that is 290 days from maturity is selling for $96,040. The T-bill has a face value of $100,000.
umka2103 [35]

Answer: a 0.049, 0.05 and 0.05 or 5%

b 0.039, 0.041 and 0.041 or 4%

Explanation:

Ai discounted yield = [(Face value - purchase price)/Face value] * 360/ maturity

Discount yield =:[(100000 - 96040)/100000] * 360/290

= 0.0396* 1.24

= 0.049

ii. Bond equivalent yield (BEY) = [(Face value - purchase price)/purchase value] * 365/M

BEY= [(100000 - 96040)/96040] * 365/290

BEY = 0.05

iii EAR = [(1+BEY/n)exp n - 1)

EAR = [(1 + 0.05/(365/290)) exp (360/290) - 1]

EAR = [(1 + 0.05/1.26) exp (1.26) - 1

EAR = (1.04) exp (1.26) - 1

EAR = 0.05 or 5%

The same formula are applied for the B part

Discount yield = [(100000-96040)/100000] * 360/365

Discount yield = 0.0396 * 0.986

= 0.039

B ii. BEY = [(100000 - 96040)/96040] * 365/365

BEY = 0.041 × 1

BEY = 0.041

B iii. EAR = [(1 + 0.041/(365/365))exp (365/365) - 1

EAR = (1 + 0.41) - 1

EAR = 0.041 or 4%

4 0
3 years ago
You have a current credit card balance of $450.00, which you are paying off so you can close the account. No new purchases have
lesantik [10]

Answer:

It's Best to Pay Your Credit Card Balance in Full Each Month

Explanation:

Leaving a balance will not help your credit scores—it will just cost you money in the form of interest. Carrying a high balance on your credit cards has a negative impact on scores because it increases your credit utilization ratio.

5 0
3 years ago
Other questions:
  • Beaver Valley Oil Refinery produces various grades of petroleum products at its refinery operations. All of the following may be
    6·1 answer
  • Which of the following statements regarding the center of gravity method is false
    6·1 answer
  • Which of the following transactions would qualify as an "arm's length transaction"?
    11·1 answer
  • Medicare covers the cost of care in what countries besides the united states
    13·1 answer
  • Which is the correct order of entities who benefit when banks make a profit
    6·2 answers
  • Laura understands the reasons her boss assigned other team members to the better projects but thinks the way he told her about i
    9·1 answer
  • Mr. and Mrs. Jones sold their principal residence for $750,000. They had lived in their residence for 20 years, and it had an ad
    15·1 answer
  • g Firm X is a monopolist with marginal cost of $5/unit. When maximizing profit, Firm X charges a price of $24/unit. What elastic
    9·1 answer
  • List four natural resources that you think would go into the production of the following products
    15·1 answer
  • The Stone Harbor Fund is a closed-end investment company with a portfolio currently worth $310 million. It has liabilities of $3
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!