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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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Answer:

utility

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3 years ago
A project consists of three activities: A, B, and C. Activities A and B can begin at time 0 (start of the project), but activity
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Answer:

Explanation:

Run A Duration B Duration C Duration 1 51 48 17 2 60 48 19 3 30 39 19 4 31 48 22 5 30 31 14 6 41 16 17 7 44 12 6 8 44 12 10 9 45 43 9 10 60 41 10 Based on the simulated numbers given above, what is the average completion time of the whole project?

Since B is the predecessor of C.

Project completion time for each run will be calculated as Maximum (Duration of A, Duration of B +Duration of C).

Represent

Run = R

Duration of A  = DA

Duration of B  = DB

Duration of C = DC

Project Completion time = PT

<u>R       DA          DB                        DC               PT</u>

1       51            48                        17             48 + 17 = 65

2      60          48                        19             48 + 19 = 67  

4      31           48                       22              48 + 22 = 70

5      30         31                         14              31 + 14 = 45

6      41           16                       17                 41

7     44            12                       6                 44

8     44            12                      10                44

9     45           43                     9              43 + 9 = 52

10     60          41                     10                60

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Total Project completion time in 10 Stimulations = 546

Average project Completion time = 546/10 = 54.6

Therefore, average Project completion time is between 53 and 56 days.

5 0
3 years ago
A couple is required by their lender to have a down payment of 20% of the purchase price of the home they want to buy. if the co
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The coach is weighing a slightly increased risk of losing against a slightly decreased risk of injury to the star quarterback. t
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The missing word in the blank is :

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The coach is weighing a slightly increased risk of losing against a slightly decreased risk of injury to the star quarterback. this weighing of trade-offs is an example of marginal thinking, because the star quarterback was in for most of the game, and the coach's decision concerns <u><em>small</em></u> shifts in probabilities with the game nearly over.

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Good strategy execution involves Multiple Choice making choices among broad or narrow low cost and differentiation strategies to
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Answer:

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