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3 years ago

WILL GIVE BRAINLY!!!!!!!!!!

Business

1 answer:

allochka39001 [22]3 years ago

6 0

Answer:

In general, an industry refers to the type of firm for which a person works. ... However, the final product or service is usually similar for establishments within an industry. On the other hand, an occupation refers to a specific task or set of tasks.

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Explain the difference between the law of diminishing marginal returns and the law of dininishing marginal rate of techinal subs

leonid [27]

Answer:

The primary difference between those two concepts is focus that each term has. The first one focus on the relationship between the level of production and the level of return. While the second one focus on the relationship between the level of production and the amount of factors used for that production.

Explanation:

One the one hand, the law of diminishing marginal returns is a concept known in the microeconomics theory due to the fact that it establishes the relationship between the productivity and the income for every aspect of it. Meaning that, when the productivity increases because of the increase of only one factor of production then the income will start to slowly decrease, confirming that when only one factor is increased the production will start to be incomplete and the return will decrease for that.

On the other hand, the law of diminishing marginal rate of technical substitution indicates the relationship between the level of output and the different factor used to produce. Meaning that, it shows how to keep the level of output the same while making changes in the amount of factors used.

3 0

3 years ago

Assume that the farmer and the rancher can switch between producing pork and producing tomatoes at a constant rate. Assume that

dusya [7]

Answer:

C) 6 pounds of pork and 8 pounds of tomatoes

Explanation:

Explanation:

Labor hours to make 1 lb. of: lbs. produced in 24 hours

Pork Tomatoes Pork Tomatoes

Farmer 6 3 4 8

Rancher 4 4 6 6

If both decide to specialize in producing only one good, the farmer will produce 8 pounds of tomatoes per day and the rancher will produce 6 pounds of pork per day.

This way when the rancher trades 4 pounds of pork in exchange for 6 pounds of tomatoes, he is gaining 2 pounds of pork which is equivalent to 8 labor hours.

When the rancher trades 6 pounds of tomatoes in exchange for 4 pounds of pork, he is gaining 2 pounds of tomatoes which is equivalent to 6 labor hours.

3 0

3 years ago

An international children’s charity collects donations, which are used to buy clothing and toys for children in need. The charit

MatroZZZ [7]

Answer:

Required 1

General Journal

Cash $8,500 (debit)

Donations Revenue $8,500 (credit)

Cash and Checks received as Donation Revenue

Wages Expenses $3,000 (debit)

Cash $3,000 (credit)

Wages to employee paid

Note Payable $3,420 (debit)

Cash $3,420 (credit)

Repayment of Short Term Loan

Supplies $4,920 (debit)

Cash $2,080 (credit)

Note Payable $2,840 (credit)

Purchase of Toys on cash and on credit

Supplies $4,020 (debit)

Donations Revenue $4,020 (credit)

Donations revenue received in form of Toy Supplies

Required 2

Net Income is $9,520

Explanation:

Calculation of Charity’s preliminary net income.

Donations Revenue ($8,500 + $4,020) $12,520

Less Expenses :

Wages ($3,000)

Net Income/ (Loss) $9,520

7 0

3 years ago

The management of GH Apparel has thoroughly analyzed the market and recognizes the wants and needs of different customer groups.

Sergio039 [100]

Answer: Market-oriented

Explanation:

The market oriented organization is one of the type of business approach that producing the various types of products and the services according to the customer requirement or desire.

The main aim of the market oriented organization is that they focus on the selling and also designing goods and the services that satisfied the consumer desire.

According to the given scenario, the management of the GH apparel is the market oriented organization as it properly analyzed the market and also recognize the actual requirement of the customer.

Therefore, Market-oriented is the correct answer.

5 0

3 years ago

Today most state corporate statutes are at least partially based on the . A corporation is an artificial being, existing only in

I am Lyosha [343]

Answer:

The correct word for the blank space is: Revised Model Business Corporation Act.

Explanation:

The United States corporate laws are regulated by the Model Business Corporation Act (MBCA). The Act was born as a need for disambiguation of liabilities incurred by corporations where it was not clear if owners were personally liable for debts of the organization. Nowadays, the Revised Model Business Corporation Act (RMBCA) rules that concept and adopted some other features to bring clarity when it comes to corporate obligations.

8 0

3 years ago