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
Leona, whose marginal tax rate on ordinary income is 37 percent, owns 100 percent of the stock of Henley Corporation. This year,
riadik2000 [5.3K]

Answer: See explanation

Explanation:

First and foremost, it should be noted that there's a flat tax rate of 21% on the taxable income, therefore the after tax income will be:

= (1 - 21%) × $1 million

= 79% × $1 million

= $790,000

Therefore, the amount of the dividend payment is $790,000 which is given to Leona.

The after tax cash flow from the dividend receipt will be:

= $790,000 - (20% × $790,000)

= $790,000 - (0.2 × $790,000)

= $790,000 - $158,000

= $632,000

Therefore, the total tax by Henly and Leona will then be:

= $210,000 + $158,000

= $368,000.

This is 36.8% (368000/1 million) of the tax rate.

5 0
3 years ago
What should you plan for first when creating a budget
alexira [117]

Answer:

CALCULATE EXPENSES

Your first order of business is finding out exactly how much you’re spending each month. Do this by consulting your bank statements, receipts and financial files. Because some expenses are intermittent, such as insurance payments, you’ll get the most accurate financial picture if you calculate an average for six months to a year. Add up everything you spent for the last six to 12 months and then divide by the amount of months, which will give you your average monthly expenses.

Remember that being thorough when you add up expenses is important in creating a realistic budget. A forgotten bill really throws a wrench into your savings plan. When calculating your expenses, also factor in unexpected bills, such as unplanned car repairs. A good rule of thumb is to add an extra 10 percent to 15 percent. So if you’ve determined that you spend $1,500 a month, add $150 to $225.

4 0
3 years ago
Sam’s Auto Shop services and repairs a particular brand of foreign automobile. Sam uses oil filters throughout the year. The sho
Sindrei [870]

Answer:

The EOQ is 353 units

Explanation:

The economic order quantity or EOQ is the quantoty that minimized the holding and ordering cost for invetory.

The formula for EOQ is,

EOQ = √(2*D*O) / H

Where,

  • D is the annual demand in units
  • O is the ordering cost per order
  • H is the holding cost per unit per annum

The annual demand of oil filters by Sam is,

Annual demand = 52 * 150 = 7800 filters

The EOQ for Sam Auto Shop is,

EOQ = √(2*7800*16) / 2

EOQ = 353.27 Units rounded off to 353 units

3 0
3 years ago
When businesses collect demographic information on where people live, what they buy, and how they spend their time, they are res
snow_tiger [21]

Answer:

Social environment.

Explanation:

When businesses collect demographic information on where people live, what they buy, and how they spend their time, they are responding to the social environment. The social environment comprises of values, beliefs, practices, customs and behaviors of a group of people living together in a society and how their actions influence their surroundings or environment.

Demographics can be defined as the study and analysis of the characteristics of a population based on pre-defined factors such as education, race, income, sex or gender, and age.

Additionally, businesses gather, analyze and use demographic informations about people in the target market so as to have a competitive edge or advantage and to help build a strong relationship.

7 0
4 years ago
In considering ending her relationship with her husband, Marie considers how they might divide up their household goods, and how
iren [92.7K]

Answer:

D) investment

Explanation:

Marie has decided to end her relation with her husband and considering how she can divide the household goods, how the end of the relationship impacts her children. By considering all this point, Marie is thinking about the investment.

Interdependence theory state that interpersonal relationships depend upon interdependence.  it determine the how people interact each other and what will be the outcomes of their interaction.

6 0
3 years ago
Other questions:
  • Your german friend has decided to come and visit you in the u.s. you estimate the cost of her trip at $2,200. what is the cost t
    14·1 answer
  • Algonquin Books partnered with Barnes & Noble to offer a unique ________. If you purchase one of 12 paperback books publishe
    5·1 answer
  • Phillips equipment has 75,000 bonds outstanding that are selling at par. bonds with similar characteristics are yielding 7.5 per
    11·1 answer
  • Tony borrows $1300 at an annual interest rate of 6.0%. He receives the loan on the first day of the current month and will make
    13·1 answer
  • Sales at a fast-food restaurant average $6,000 per day. The restaurant decided to introduce an advertising campaign to increase
    15·1 answer
  • During the _____ age, manufacturers were principally concerned with production, and the primary burden of marketing fell on the
    12·1 answer
  • Copa Corporation is considering the purchase of a new machine costing $150,000. The machine would generate net cash inflows of $
    11·1 answer
  • Betsy Strand’s regular hourly wage rate is $16, and she receives an hourly rate of $24 for work in excess of 40 hours. During a
    14·1 answer
  • Howie Long has just learned he has won a $506,300 prize in the lottery. The lottery has given him two options for receiving the
    11·1 answer
  • A pharmacy has monthly sales of $278,000, inventory purchases of $186,000, salaries and wages of $49,000, utilities of $2,000, i
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!