Answer:
Instructions are below.
Explanation:
Giving the following information:
Each pound of chocolate requires 400 cocoa beans and 0.15 labor hours.
During the year, 480,000 pounds of chocolate was produced.
First, we need to calculate the number of cocoa beans required to produce 480,000 units.
Number cocoa beans= 480,000*400= 192,000,000 cocoa beans.
Now, the hours of labor required.
Direct labor allowed= 480,000*0.15= 72,000 hours
Answer: The firm is experiencing diseconomies of scale.
Explanation:
In economics, diseconomies of scale are cost disadvantages that economic agents such as individuals, firms and governments accrue as a result of an increase in the output or organizational size resulting in the production of goods and services at an increased per-unit-costs.
Diseconomies of scale in businesses lead to an increase in the business average costs as the business grows. Regarding the question, while resources are increased by 10%, output increased by less than 5% shows diseconomies of scale since there's increase in the cost.
Answer:
formally ...................
When everyone had to quarantine people didn’t buy as much stuff and businesses were shut down
