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luda_lava [24]
3 years ago
5

Suppose that labor is the only variable input to the production process. If the marginal cost of production is diminishing as mo

re units of output are​ produced, what can you say about the marginal product of​ labor? If the marginal cost of production is diminishing as more units of output are​ produced, then the marginal product of labor
Business
1 answer:
attashe74 [19]3 years ago
8 0

Answer:

Marginal product will increase.

Explanation:

Since the labor is only variable input and the marginal cost of production is diminishing that means the cost of producing additional unit is lower. So marginal product of labor will be increasing.

Moreover, MC = w /MPL

Thus, diminishing marginal cost will exhibit increasing marginal product of labor.

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The growth of industry is related to the growth of immigration in the late 19th century because:
Hatshy [7]

Answer:

Mark me as brain list

Explanation:

The researchers believe the late 19th and early 20th century immigrants stimulated growth because they were complementary to the needs of local economies at that time. Low-skilled newcomers were supplied labor for industrialization, and higher-skilled arrivals helped spur innovations in agriculture and manufacturing.

8 0
2 years ago
Case Problem Analysis: Jurisdiction
Natali5045456 [20]

There are different kinds of cases. The answers to the questions are blow.

  • Before any court can hear any dispute between Miriam and the trucking company, it must have the jurisdiction to do so.

  • In order for Marya to sue the trucking firm, she has to file the lawsuit in a court that also has personal jurisdiction over the <u>Defendant</u>.

  • Georgia and Florida have personal jurisdiction over the trucking firm?

Yes, Marya sue the trucking firm in Georgia and Florida state courts.

Miriam would likely NOT want to sue the trucking firm in Georgia because she would need to;

  • Get a lawyer in  Georgia
  • Make multiple trips to Georgia
  • Have witnesses travel to Georgia.

Miriam would likely want to sue the trucking firm in Florida because:

1. The court is closer to her home

2.  She can better research for local lawyers

  • Miriam can sue the trucking firm in a federal trial court because residents of different states.

  • over $75000

<h3>What takes place in a court case?</h3>

In a  trial done in a court, lawyers often present evidence via witnesses who are known to testify about what they have seen or known.

After all the evidence had been presented, the lawyers will then give their closing arguments and lastly, the jury then decides if the defendant is guilty or not guilty.

Learn more about jurisdiction from

brainly.com/question/681072

6 0
2 years ago
Read 2 more answers
If a company rents a warehouse, it must pay rent for the warehouse whether it is full of inventory or completely vacant. Other e
Aleksandr [31]

As the output is increased or decreased, these (B) fixed costs remain unchanged.

<h3>What are fixed costs?</h3>
  • Fixed costs, also known as indirect costs or overhead costs in accounting and economics, are corporate expenses that are independent of the volume of goods or services generated by the business.
  • They are usually recurrent, such as monthly interest or rent.
  • These expenses are frequently capital expenses.
<h3>Explanation -</h3>
  1. Dependent refers to a variable that changes when other factors change.
  2. Fixed cost refers to a cost that doesn't change when the number of goods produced increases or decreases.
  3. Opportunity cost refers to the benefit that you would have received from the option that was not chosen.
  4. Marginal cost refers to the change in the cost when you produce an additional unit.
  5. According to this definition and as the statement refers to a cost that doesn't change.

Therefore, as the output is increased or decreased, these (B) fixed costs remain unchanged.

Know more about fixed costs here:

brainly.com/question/3636923

#SPJ4

Complete question:

If a company rents a warehouse, it must pay rent for the warehouse whether it is full of inventory or completely vacant. Other examples include executives' salaries, interest expenses, depreciation, and insurance expenses. As the output is increased or decreased, these _______ costs remain unchanged.

a. dependent

b. fixed

c. opportunity

d. marginal

5 0
2 years ago
Lisa has $1,000 in cash today. Which one of the following investment options is most apt to double her money? A. 6 percent inter
Zepler [3.9K]

Answer:

D. 8 percent interest for 9 years

Explanation:

We would use the formula future value formula below to determine which of the investment options would double her money:

FV=PV*(1+r)^n

PV is the amount invested which is $1000

r is the interest rate expected to be earned while n is the number of years First option:

FV=$1000*(1+6%)^3

FV=$1,191.02  

Second option:

FV=$1000*(1+12%)^5

FV=$1,762.34  

Third option:

FV=$1000*(1+7%)^9

FV=$ 1,838.46  

Fourth option:

FV=$1000*(1+8%)^9

FV=$2000

Last option:

FV=$1000*(1+6%)^10

FV=$ 1,790.85  

8 0
3 years ago
Suppose that two factors have been identified for the U.S. economy: the growth rate of industrial production, IP, and the inflat
Delicious77 [7]

Answer:

11.3%

Explanation:

Given that,

Growth rate of industrial production, IP = 4%

Inflation rate, IR = 3.0%

Beta = 1.1 on IP

Beta = 0.5 on IR

Rate of return = 7%

Before the changes in industrial production and inflation rate:

Rate of return = α + (Beta on IP) + (Beta on IR)

7% = α + (1.1 × 4%) + (0.5 × 3%)

7% = α + 4.4% + 1.5%

7% - 4.4% - 1.5% = α

1.1% = α

With the changes:

Rate of return:

= α + (Beta on IP) + (Beta on IR)

= 1.1% + (1.1 × 7%) + (0.5 × 5%)

= 1.1% + 7.7% + 2.5%

= 11.3%

Therefore, the revised estimate of the expected rate of return on the stock is 11.3%.

6 0
3 years ago
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