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3 years ago

Which scenario describes the highest level of productivity?

Business

2 answers:

Anna35 [415]3 years ago

4 0

Answer:

B. Producing 50 shoes using resources that cost $25

Explanation:

Productivity is described as a measure of efficiency. An increase in efficiency results in an increase in productivity. Productivity is the efficient use of resources. It is the ability to give more output using fewer resources.

An increase in productivity is an increase in production using proportionate fewer resources. In this case, producing 50 shoes with resources of $25 is the most efficient way of using resources from the list produced.

gregori [183]3 years ago

3 0

Answer:B

Explanation: you make more shoes at a lower price than the other answers showing productivity

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Two power plants provide power to Chapel Hill residents: plant UNC and plant Duke. Both plants burn coal to produce electricity,

Sveta_85 [38]

Answer:

a. The socially efficient levels of abatement for UNC power plant is 10.

Explanation:

Note: See the attached Microsoft word file for the calculations of the anwers above.

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3 years ago

Sadie contracted with Sean, who agreed to replace the carpets in her house. Sean damaged some of the walls when he installed the

denpristay [2]

Answer:

Letter d is correct. A waiver of breach

Explanation:

In this situation Sadie filed a waiver of the violation. This occurs when the contractor waives his legal rights in respect of any breach of contract. As was the case with Sean, a contract to replace Sadie's carpeting, which consequently damaged some of its walls, resulting in poor contract performance.

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4 years ago

In microeconomics, the term ___________________ is synonymous with decreasing returns of scale.

allsm [11]

In microeconomics, the term monopoly is synonymous with decreasing returns of scale.

When there are economies of scale in production?

As output increases, the long-run average total cost decreases. The total variable cost of creating five units of output is indicated by the Y-interval between the two curves in the diagram.

Is price and marginal cost equal?

In economics, the practice of setting a product's price to cover the additional expense of producing an additional unit of output is known as marginal cost pricing.
This policy limits the producer's ability to charge for each unit of a product sold to the addition to total cost attributable to materials and direct labor.

Simply put, what is microeconomics?

Microeconomics is the study of how people, households, and businesses make decisions and distribute resources.
It generally pertains to markets for goods and services and addresses both personal and financial concerns.

Learn more about microeconomics

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4 0

2 years ago

Compared with free trade, large countries may increase national welfare when they place a tariff on imports. What unique aspect

Crazy boy [7]

Answer:

The correct answer is: reduce the world price of import when they levy a tariff.

Explanation:

Import tariffs make foreign goods more expensive, encouraging the purchase of domestic goods. Governments also justify applying tariffs to protect national jobs, infant industries, to retaliate against a trading partner, or to protect their consumers.

On the other hand, a less common tariff is the export tariff. That is, the one that is imposed on a good or service sold abroad in your country. They are generally imposed by countries that export primary products, either to increase incomes or to create shortages in world markets and thus raise world prices.

The imposition of tariffs is known as tariff barriers. In addition, there are non-tariff barriers to promote the protection of national industries. It consists of putting technical, legal obstacles, quotas or other measures that discourage importation.

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4 years ago

When total revenues fall below total costs, production should end. However, if marginal revenue exceeds variable cost, productio

const2013 [10]

Answer:

False

Explanation:

A firm should end production and shut down only when its total revenue falls below variable costs, because at this point, production will bring about more losses, compared to if the company isn't producing at all.

If total revenue exceeds and can cover its variable cost, a firm should remain in operation in the short run (even if it is incurring losses), as this contributes to paying off the firm's fixed costs.

8 0

3 years ago