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GalinKa [24]
3 years ago
8

According to a proper production function, if adding one unit of capital increases output by 10 units, adding an another unit of

capital beyond that must increase capital by
Business
1 answer:
IgorC [24]3 years ago
5 0

Answer:

less than 10 units

Explanation:

The production function represent the diminishing marginal returns

Here diminishing marginal returns means that marginal output i.e. generated an extra unit would continue to reduce more units of input that are used

So if we add one unit of capital that increased the output by 10 units so if another unit if capital is added so it increased the output but that should be less than 10 units

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Minimum-wage laws can keep wagesa.a) above equilibrium and cause a surplus of labor.b) above equilibrium and cause a shortage of
Airida [17]

Answer:

The correct answer is option a.

Explanation:

Minimum wages can be defined as the minimum level of wages that an employer is supposed to pay to workers for their work. It cannot be reduced through an individual contract or collective agreement.  

Minimum wages are fixed above the equilibrium level of wages. At this level, the demand for labor is lower while supply is more because of high wages. This creates surplus labor in the market.  

4 0
3 years ago
A Chinese restaurant buys 100 cups of rice for a total of $10; they buy soy, fish and oyster sauces for a total of $20; they buy
UNO [17]

Answer: $252

Explanation:

GDP is calculated by summing up the value of final goods and services in a country within a period. This means that intermediate values are not included and this is done to avoid double counting.

The GDP contribution here therefore will be the value of the meals created;

= 50 * 5.04

= $252

5 0
3 years ago
Allison will graduate from high school next June. She has ranked her three possible post-graduation plans in the following order
Dmitrij [34]

Answer:

<u>tutoring opportunity cost: </u>20,000 consulting job

<u>consulting job opportunity cost:</u> 5,000 + travel from tutoring

<u>collegue:</u> 20,000 consulting job

Explanation:

opportunity cost: cost of the best rejected project, proposal or income

income from work as a consulting job: 20,000

income from tutoring: 5,000 ( externality of travel around the world)

collegue cost of 5,000

The tutorng has an externality of travel around the world. We can measure how much Allison values that chances but it is something she will consider when picking her plan.

6 0
3 years ago
I got suspended today
Ivan

Answer:

lol why?

Explanation:

3 0
3 years ago
Read 2 more answers
Marshall Welding Company has two service departments (Cafeteria and Human Resources) and two production departments (Machining a
vovikov84 [41]

Answer: $88,889

Explanation:

Based on the information given in the question, the cost of Human Resources that would be allocated to Cafeteria will be calculated thus:

Number of employees (Human Resources to departments)

= 20 + 100 + 150

= 270 employees

The Human Resources cost would be allocated to Cafeteria will be:

= $1,200,000 / 270 x 20

= $88,889

5 0
3 years ago
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