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2 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]2 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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Zimway is a small manufacturer of linen. Couture Smart, a big apparel brand buys linen from Zimway in large quantities. Zimway,

harkovskaia [24]

Answer: Buyer dependency

Explanation: Buyer dependency refers to the situation when the supplier of a commodity is heavily dependent on one or two buyers for operating effectively in the market. This situation is common to those organisations that do business to business sales operations.

In the given case, Zimway made a majority of sales to couture and the other buyers purchase from it in small quantities.

Hence, from the above we can conclude that this case illustrates Buyer dependency.

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3 years ago

"We ought to do more for the education of our children." Statements using words like ought or should are A. normative statemen

natka813 [3]

Answer:

this is b porque habla de la educación

7 0

3 years ago

Using Apple as the company, how can this organization benefit from the four business intelligence capabilities? Identify the spe

luda_lava [24]

The four capabilities of a business intelligence can be divided into:

data presentation
data analysis
data ingestion
data foundation.

<h3>What is a business intelligence?</h3>

This refers to the technology that allows analyzing of data and delivering of actionable information that can helps executives, managers and workers make informed business decisions.

The system of business intelligence is vital for business because it allows them to have an insight into what their competitors are doing and to allows informed & educated decisions for plans.

The business intelligence would improve Apple's Customer Service function because it helps to gain better understanding of customers. For instance, it help to predict the future buying behavior of a customer.

In conclusion, the system thus increases the overall customer satisfaction by improving interactions with your customers and understanding their needs.

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7 0

1 year ago

Amounts withheld from employee's earnings for employee income tax is considered a _____ by the employer until the government is

Komok [63]

Amounts withheld from employee's earnings for the employee income tax is considered a liability by the employer until the government is paid

What is liability?

Liability means the obligation that one party owes another, whose settlement requires the indebted party to transfer cash or equivalent value of other benefits commensurate to the liability to the other party.

In this case, the employees owe the government income taxes, whereby the employees have discharged the obligation by having the employers deduct them from their earnings.

The onus is now on the employers to make payments in respect of the income taxes withheld to the tax authority, prior to which the taxes are treated as the employer's liability.

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Missing options:

(A) assets. (B) liabilities. (C) salary expense. (D) revenue.

7 0

1 year ago

There is no nation involved in global trade that still maintains a fixed value of their currency relative to a key currency or g

kirza4 [7]

Answer:

a. true

Explanation:

Gold is a currency that is the free market system that will fluctuate tp the form of exchange and no country in international trade can maintain a fixed value of its currency relative to the key currency though they can trade gold in multiple ways and can participate in price movements.

6 0

3 years ago