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andrew-mc [135]
3 years ago
7

State law of diminishing returns​

Business
1 answer:
DedPeter [7]3 years ago
6 0

Answer:

see below

Explanation:

The law of diminishing marginal returns indicates that in every production process, adding one more input while holding the others constant will result in the overall decrease in output.

According to this law,  adding one more production unit diminishes the marginal returns, and the average production cost increases. Marginal returns refer to the benefits associated with the production of an extra unit.  

The gain derived from the use of more input while keeping all other factor constant decreases as production increases. For example, employing more workers while all other variables remain constant will result in reduced labor productivity.

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Material requirements plus an allowance for normal inefficiencies are added together to determine the.
azamat

Material requirements plus an allowance for normal inefficiencies are added together to determine the standard quantity of a direct material per unit of output.

<h3>What is the standard quantity?</h3>
  • The number of resources that should have been utilized to finish the period's output, as determined by multiplying the actual number of units produced by the standard quantity per unit.
  • It is calculated by multiplying actual production units by the standard material quantity per unit.
  • For example, during the month of March, a company manufactured 2000 items.
  • The typical amount of material needed to produce one unit of output was 5 pounds.
  • A standard amount against which a quantity is measured [e.g., gram, meter, second, liter, pascal; units of the aforementioned quantities].
  • Chemists conduct many measurements.
  • If the mass of a substance is discovered to be 6.0 grams, this can be stated mathematically. m = 6.0 g.

Therefore, material requirements plus an allowance for normal inefficiencies are added together to determine the standard quantity of a direct material per unit of output.

Know more about standard quantity here:

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The complete question is given below:
Material requirements plus an allowance for normal inefficiencies are added together to determine the ___________________ of a direct material per unit of output.

4 0
2 years ago
One reason why a blanket obligation for all employees to obey their employers no matter what is unreasonable is that the choice
Serjik [45]

Answer:TRUE

Explanation:COERCIVE FORCE is a force applied to a person or a group of persons in order to make them carry out an involuntary action or actions. It is used by employers of labor in order to mandate their employees to carry out certain activities. All Employees are required by their employers to obey the rules and regulations guiding the establishment even when it is not based on the interest of the employees.

3 0
3 years ago
A customer has total assets of $436,000 and total liabilities of $314,000. The customer has just signed a contract to buy a new
natta225 [31]

Answer:

$122,000

Explanation:

Net worth refers to total assets minus total liabilities.

Therefore, the net worth of this customer can be calculated as follows:

Assets = Existing assets + A new car - Withdraw from existing checking account = $436,000 + $35,000 - $5,000 = $466,000

Liabilities = Existing liabilities + Borrowing from auto fiance company =  $314,000 + $30,000 = $344,000

Net worth = Assets - Liabilities = $466,000 - $344,000 = $122,000.

8 0
3 years ago
How much of the stuff bought in the madness gets returned shortly after?
babymother [125]

Usually, people will buy 2 or 3 products that function almost the same; after that, they will be returned goods that don't match what they want.

Return of goods can be done in accordance with the terms and a predetermined period of time. In addition, there must be proof of purchase.

Sales returns are receipts of goods by the seller that are returned from the buyer. With a return policy, every item that has been purchased can be returned to the store that sold it as long as it is within the specified time and money equal to the price of the item will be returned.

Reasons for consumers returning goods are generally because they do not fit the size (for example clothing, mattresses, shoes, and others), do not meet expectations or there are similar items that are more attractive and more useful.

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7 0
1 year ago
Johnston Company wants to double production of Product X from 1,000 units to 2,000 units. The variable manufacturing cost per un
ratelena [41]

Answer: C - $30,000

Explanation: Johnston Company wants to double production of Product X from 1,000 units to 2,000 units.

The variable manufacturing cost per unit is $10. The variable non manufacturing cost per unit is $20.

The selling price per unit is $50

To increase production by 1000 units

Total cost is $10 + $20 = $30

Total incremental cost = 1,000 * $30= $30,000

7 0
3 years ago
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