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Rasek [7]
3 years ago
12

Suppose that an increase in capital per hour worked from $15,000 to $20,000 increases real GDP per hour worked by $500. If capit

al per hour worked increases further to $25,000, by how much would you expect real GDP per hour worked to increase if there are diminishing returns?
Business
1 answer:
kherson [118]3 years ago
3 0

Answer:

The real GDP per hour worked to increase if there are diminishing returns by less than $500.

Explanation:

Increase in capital per worker from $15000 to $ 20000 increases real GDP per hour worked by $ 500. If there is diminising return to scale then any amount of further increase in capital per worker (say further to 25000 ) will increase GDP less than $ 500. This is because diminising return implies that as we increase our inputs the quantity of our output goes on diminishing. Here the diminishing return has already started ,therefore addtional unit of output will only decrease due to increase in additional unit of input.

Therefore, The real GDP per hour worked to increase if there are diminishing returns by less than $500.

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A Bathtub model of the start of the Great Depression would show the water level becoming lower with Investment inflow being less
Aneli [31]

Answer:

LESSER THAN

Explanation:

During the Great Depression, it was a period of recession that meant that investments were low and less than savings which meant that 'household' was unwilling to invest its money as it had lost confidence in the American economy. This will lead to Aggregate Demand being Lesser than Aggregate Supply as consumption fell drastically during the great depression

4 0
3 years ago
While preparing a assessment of your job performance the previous year, you are required to list three goals for the coming year
Kisachek [45]

Answer:

Realistic

Explanation:

The  acronym "SMART" stands for Specific. Measurable, Achievable, Realistic and Timely. These are criteria that  goal setting should adhere to, to ensure that the goal is achieved.

The criteria Realistic in "SMART"  emphasizes that a goal that is been set should  be realistic and  achievable  given the available resources and time.

The goal " I will triple sales in my territory by the end of the next fiscal year." is lacking the criteria of been realistic because it doesn't seem achievable within a fiscal year.

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3 years ago
Which type of risk is most significant for bonds?
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8 0
3 years ago
Successful business strategies generate value. Creating value lays the foundation for the important benefits that economies can
olya-2409 [2.1K]

The main thing which superior performance allows a firm to do is:

  • reinvest some of its profits in gaining more resources and thus grow.

<h3>What is Business Strategy?</h3>

This refers to the creation and maintenance of competitive advantage of a particular market against other competitors which gives a particular business an edge in the market.

With this n mind, we are told that successful business strategies generate value and then if they are able to leverage on this, then they can reinvest the profits.

Read more about business strategies here:
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6 0
3 years ago
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kkurt [141]

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C. Incremental Change

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Incremental change is an innovation technique that focuses on making small-scale adjustments or improvements with a specific target or result in mind. The strategy focuses on changes that do not have a very significant effect on existing products, because of this innovation is guaranteed by current production methods are not radically altered and can still be used.

Incremental change based innovation would have more likelihood to succeed and be adopted than a radically new product that is very different from what consumers are used to. Keniey has introduced an innovation but by using incremental change, the users are still familiar with the functions and as such are encouraged to patronise.

As time goes on, Keniey will introduce more changes, one at a time until completely new food processor can be fully put in the market.

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