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Masja [62]
3 years ago
14

We often observe that addition of another unit of labor increases output but by an amount that is smaller than the addition of t

he previous unit of labor. In such a situation the producer is experiencing
diminishing labor.

diminishing output.

diminishing marginal product.

negative marginal product.
Business
1 answer:
iren [92.7K]3 years ago
8 0

Answer:

The producer is experiencing diminishing marginal product.

Explanation:

The law of diminishing return explains that every additional unit consumed will have less utility/return than the previous one. Same is the case with labor productivity. The first unit of labor will yield maximum return, every additional unit will result in lesser return/productivity than the previous unit. The will continue up to the point of maximum return. After that point adding additional resources will yield less total output.

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Q 4.26: on december 31, 2017, before any year-end adjustments, canterbury shoe repair's prepaid insurance account had a balance
melamori03 [73]

<u>Calculation of adjusted balance for prepaid insurance at December 31, 2017:</u>


It is given that on December 31, 2017, before any year-end adjustments, Canterbury shoe repair's prepaid insurance account had a balance of $3,500. It was determined that $2,200 of the prepaid insurance had expired.

So the adjusted balance for prepaid insurance at December 31, 2017, shall be (3500-2200) = <u>$1,300</u>




3 0
3 years ago
What Economic Issue arises in this graphic due to the Max Price being below Equilibrium?
kakasveta [241]

As u asked in ur question which food we should have before exercise : ANSWER is - Option (B)

cross check if u have doubt it's correct..

6 0
3 years ago
At the beginning of Year 1, a company reported a balance in common stock of $169,000 and a balance in retained earnings of $69,0
elixir [45]

Answer:

Explanation:

The statement of stockholder's equity comprises common stock and retained earnings. The ending balance after adjustment shown in the attached spreadsheet.  

And, the balance sheet comprises of the assets and liabilities. With the help of the accounting equation, the total assets are equal to the total liabilities including stockholder's equity.

The preparation of the statement of stockholders’ equity and the balance sheet is presented in the spreadsheet. Kindly find the attachment below:

7 0
3 years ago
Oscar Clemente is the manager of Forbes Division of Pitt, Inc., a manufacturer of biotech products. Forbes Division, which has $
inessss [21]

Answer:

Residual income is therefore $732,000.

Explanation:

This can be computed by following the following steps:

Step 1: Calculation of ending net book value

<u>Particulars                                           $'000    </u>

Beginning investment                         6,900

add: Additional investment                 8,100

Less: Depreciation - Other             <u>   (2,850)  </u>

Ending net book value                   <u>    12,150  </u>

Step 2: Calculation of Minimum required return

Minimum required return = Ending net book value * Required return rate = $12,150,000 * 12% = $1,458,000

Step 3: Calculation of profit (loss) on disposal

First year depreciation on investment = (Investment cost  - Salvage value) / Useful life = ($6,600,000 - $660,000) / 3 = $1,980,000

Profit (loss) on disposal = Salvage value - Investment cost  - First year depreciation on investment = $660,000 - $6,600,000 - $1,980,000 = $3,960,000 loss

Step 4: Calculation of residual income

<u>Particulars                                                       $'000    </u>

Given operating profit of the division             6,150

Less: Loss on disposal                                <u>  (3,960)  </u>

Revised operating income                             2,190

less: Minimum required return                   <u>   (1,458)  </u>

Residual income                                          <u>     732    </u>

Residual income is therefore $732,000.

7 0
3 years ago
Abby can purchase a secondary data to report for $500 or create primary data by surveying 300 people at a cost of $1.33 person.
saul85 [17]

Answer:

1.33 a person

Explanation:

look at it nownejssj

6 0
3 years ago
Read 2 more answers
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