if michelle chooses job c then her economic rent from working at that job rather than job a is 2,000 dollars
Answer:
A. Specialization in a particular small job allows workers to focus on the parts of the production process where they have an advantage.
B. Specialization allows businesses to take advantage of economies of scale.
Explanation:
Specialization refers to a situation where an individual or group of individuals concentrate on a particular aspect or field. Workers can focus on those aspects of the production process where they have the necessary skills. Similarly, if an organization specializes in producing a particular product, the organization will be able to obtain benefits associated with production on a large scale. Therefore options A and B are correct.
Option C is incorrect since workers will focus on a particular task. Option D is a disadvantage of specialization and is therefore incorrect.
<span>For
the current generation, computer is widely used around the world. Student,
Employees, businessman and businesswoman, government, banks, transportation,
malls, groceries, etc.
Computer became our number one resources when it comes to researching and doing
some of our jobs. Computer can perform tasks like calculator, presentations and
even playing music and movies. We no longer need to buy DVDs or Cassettes because
computer have it all. Computer is designed to help us do our tasks easier
however, it also makes us lazy and very dependable.</span>
Answer: When marginal product is increasing, total product is increasing by increasing amounts.
Explanation:
The marginal product is simply referred to as the additional output that is created due to the fact that an additional input has been placed into that particular organization or company.
The option thst is true of marginal product is option E "When marginal product is increasing, total product is increasing by increasing amounts".
We should also note that when the marginal product is reducing, but is still positive, then the total product will be increasing even though it'll now be at a decreasing rate.
A firm's <u>operating breakeven</u><u> point</u> is the level of sales necessary to cover all operating costs.
More about operating breakeven point:
The point at which sales revenue equals all fixed and variable costs while producing no profit for the company is known as the operating breakeven point. A fixed cost is a cost that a company incurs regardless of how many units are produced.
Fixed costs include things like rent, insurance, and interest payments. On the other hand, a variable cost is a cost that varies according on the amount of output. Variable expenses include, for example, labor and raw materials.
Learn more about operating breakeven point here:
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Complete Question:
A firm's ________ is the level of sales necessary to cover all operating costs, i.e., the point at which EBIT equals zero.
A) cash breakeven point
B) financial breakeven point
C) operating breakeven point
D) total breakeven point