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3 years ago

The shape of the production function reflects the law of diminishing marginal product of labor.a. Trueb. False

Business

1 answer:

Anna35 [415]3 years ago

5 0

Answer: True

Explanation:

Looking at the Production Function you will notice that Output increases at different rates to input added. First output increases at an increasing rate then at a constant rate then at a decreasing rate.

This shows the concept of the Law of Diminishing Marginal returns because as more input(labor) was added, at some point the output started increasing at a decreasing rate till it gets to a point where marginal returns will be negative.

The reason for this is that each worker is now working with less capital than before (assuming capital doe not change) and so will only produce less.

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Product prices are set on the marketing budget detail spreadsheet

Alinara [238K]

1. The answer is "b. false".

A Marketing Budget is Marketing Plan as far as expenses. Advertising Budget is an expected measure of cost that will be required to advance items or administrations. Promoting Budget is for the most part some portion of a showcasing plan and vital piece of the advertising procedure. It incorporates every single limited time cost like promoting and advertising, utilizing staff, office costs and different costs included for showcasing. This financial plan is made to evaluate the costs that are important for growing a business.

2. The answer is "c. entering the target segment on the marketing budget detail".

A market segment is a gathering of individuals who share at least one regular qualities, lumped together to showcase purposes. Each market portion is one of a kind, and advertisers utilize different criteria to make an objective market for their item or administration. Advertising experts approach each portion in an unexpected way, after completely understanding the necessities, ways of life, demographics and identity of the objective customer.

3. The answer is "false".

Advertising is a marketing correspondence that utilizes a transparently supported, non-individual message to advance or offer an item, benefit or idea. Sponsors of advertising are ordinarily organizations wishing to advance their items or administrations. Promoting is separated from advertising in that a promoter pays for and has authority over the message. It varies from individual offering in that the message is non-individual, i.e., not coordinated to a specific person.

4. The answer is "c. both".

Pricing is the procedure whereby a business sets the cost at which it will offer its items and benefits, and might be a piece of the business' marketing plan. In setting prices, the business will consider the cost at which it could obtain the merchandise, the assembling cost, the commercial center, rivalry, economic situation, brand, and nature of item.

When setting your prices you should ensure that the cost and deals levels you set will enable your business to be beneficial. You should likewise observe where your item or administration stands when contrasted and your opposition.

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3 years ago

When an investigation shows that ill people have something in common to explain why they all got the same illness, the group of

FromTheMoon [43]

Answer:

Outbreak

Explanation:

Outbreak has been defined as the sudden increase in occurence of a particular disease in a specific period of time and at a specific place. When people have something in common to explain why they all got thesame illness, it is called an outbreak. Any disease becomes an outbreak when it occurs in greater numbers than expected for a given region or community during a specified period of time or season.

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3 years ago

lander has a netflix account and loves to watch independent and international films. after each film that he streams, netflix cr

marysya [2.9K]

Netflix is using the digital marketing technique of using measurable, data-driven information to add customer value.

This digital marketing technique of creating a list of potential films based on Lander's film screening history helps Netflix generate value for the customer, generating benefits such as:

reduction in the time the client looks for a film.

meeting customer needs.

increased satisfaction.

greater customer loyalty.

creation of relationship and interaction between company and customer.

Therefore, artificial intelligence uses data to create value for the consumer, making the experience more targeted and aligned with consumer tastes and preferences, which makes the company better positioned and competitive in the market.

Learn more here:

brainly.com/question/8367090

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2 years ago

Read 2 more answers

"Bubba is a shrimp fisherman who used $2,000 from his personal savings account to buy a boat and equipment for his shrimp busine

Katyanochek1 [597]

Options:

A. $20

B. $200

C. $40

D. $400

Answer:C. $40

Explanation: Opportunity cost is a term used in Economics to describe the value of the next most profitable alternative of this an investor puts his or her resources into,in this case the opportunity cost for Bubba is the percentage of the interest which Bubba earned from the interest.

Opportunity cost for Bubba can be calculated as follows

(2%/100)* $2,000=$40.

Opportunity cost helps economists to ensure that resources are effectively put to use.

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3 years ago

True or false: Partnerships are less likely to survive than sole proprietorships. True false question.

Irina-Kira [14]

Answer:

true

Explanation:

3 0

2 years ago