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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.

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The Company uses lower-of-cost-or-market approach. The replacement cost of an inventory item is $75. Net realizable value is $82
egoroff_w [7]

Answer:

The inventory would be valued at $75 each

Explanation:

From  a market approach to valuation,we need to first of all compare the replacement cost and net realizable in order to pick the lower of both values,hence the replacement cost of $75 is lower than net realizable value of $82.50.

As a result, we can then compare the lower of replacement cost and initial cost,such that inventory can then be valued at the lower of both.

From the foregoing analysis,the replacement of $75 each per item is lower than the initial cost $76.50,invariably our inventory is valued at $75 each.

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3 years ago
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Jill just made a purchase online. The store that she bought from gave her the option to pay with a check, money order, or credit
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Answer:

The credit card is the most effective method of payment.

Explanation:

The store will not ship the item until the payment is accredited to their account. Because of this, Jill needs to pick the payment  method that have the fastest clear time.

The Check: usually takes about two business days for a deposited check to clear.

Money Order: It depends on the bank. Some banks allow for money orders to be cleared and deposited almost immediately, and some require at least one business day for it to clear.

Credit Card: almost all the time payments can take place immediately.

The obvious choice is Credit Card payment for the instant clear of the funds in the store account.

6 0
3 years ago
In order to help their employees move from one job to another, and in order to meet the challenges of a global economy, corporat
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In order to help their employees move from one job to another, and in order to meet the challenges of a global economy, corporations must offer retraining program as part of their employee development programs.

To meet the challenges of a global economy and to help employees move from one job to another corporations must offer retraining as part of employee development programs. Training and development is considered vital because it allows employers to pinpoint skills and knowledge they want in their employees. These trainings not only educate the employees but also provide updates on existing skills to increase productivity. Every business has different needs to retain their employees to meet their internal and external challenges.

These trainings to retain the employees are proved to be fruitful

  1. When there is a talent gap in your organization.
  2. When improvement is required in certain areas.
  3. When training becomes essential in certain programs.

Therefore corporations must offer retraining to help employees move from one job to another and meet global challenges.

You can learn more about retraining at

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1 year ago
Being antisocialble with people can lead you in serious danger
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Answer:

is this a question?

if its true or false its false

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3 years ago
Which of the following is NOT a fall protection method? A. Guardrails B. Personal fall arrest systems C. Safety belts D. Safety
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