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slamgirl [31]
3 years ago
10

Suppose the production of long-distance airline flights is described by a fixed proportion production process in which three cre

w members (i.e., labor) are required for each aircraft (i.e., capital). If the airline operates with four crew members per plane, then we know that:
Business
1 answer:
Elina [12.6K]3 years ago
3 0

Answer:

production at this point is technically inefficient.

Explanation:

Efficient production processes requires a producer to either minimise the inputs they are using at a given output or maximise output level at a given input level.

Technical inefficiency is when input is not minimised or output maximised.

In the given instance the fixed cost (airplane) remains unchanged. However crew members can be variable.

If the airplane only requires 3 crew members and 4 crew members are now used, the company is not minimising inputs used so they are technically inefficient.

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A graduating high school student decides to take a year off and work to save money for college. The student plans to invest all
Oliga [24]

Answer:

$488.89

Explanation:

Data provided in the question:

Interest rate = 6% = 0.06

Since the interest is compounded quarterly, n = 4

Interest rate per period = 0.06 ÷ 4 = 0.015

Time = 12 months i.e 1 year

Future value = $6,000

Therefore,

Annuity per quarter = Future value × [\frac{r}{(1+r)^n-1}]

or

Annuity per quarter = $6,000 × [\frac{0.015}{(1+0.015)^4-1}]

or

Annuity per quarter = $6,000 × 0.244

or

Annuity per quarter = $1466.67

Therefore,

Deposits per quarter = Annuity per quarter ÷ Number of months per quarter

= $1466.67 ÷ 3

= $488.89

4 0
3 years ago
Inflation occurs when the money supply in a country increases faster than output increases. True or False
ANTONII [103]

Answer:

FALSE

Explanation:

8 0
3 years ago
Identify four factors that affect whether an industry does or does not present a company with a good business opportunity?
gtnhenbr [62]

Answer:

  1. Rivalry between competitors
  2. Bargaining power of suppliers
  3. Bargaining power of customers
  4. Threat of new competitors

Explanation:

The factors chosen to identify whether or not a sector presents a good business opportunity for a company, were the strengths of Porter, who analyzes the micro and macro environment to determine whether a company can be competitive in the market.

The rivalry between competitors is an essential factor to measure the degree of opportunity for a business to be successful, as this factor will determine different variables among competitors of similar products in the market, such as the strength of the brand, the demand for your product, etc. in order to measure how this factor will directly impact your business.

The bargaining power of suppliers implies the bargaining power of the supplier with the company, being able to provide favorable or unfavorable conditions to a business, such as price, delivery time, quality, etc.

The bargaining power of buyers means measuring and monitoring how your product will have a positive or negative weight on the customer and which affects the volume of purchases, the possibility of the customer negotiating with the company, etc.

And the threat of new competitors concerns new competitors that can enter the market and directly impact their business, for this the barriers to entry such as legislation, high entry capital, etc. should be analyzed.

3 0
3 years ago
Fiona deposits $2,000 into a savings account. If the Fed requires a 20 percent reserve ratio, how much of Fiona’s money can the
puteri [66]

Answer:

Explanation:

The amount the the fed require =  

20/100 x 2,000 = 400

The amount of money that Fiona's bank can lend is : $ 2,000 - $ 400

= $ 1,600

hopefully this helps you

4 0
3 years ago
Rgnijdlxkdoefjinvkmw,lpeijfmodkwmeifvw
BartSMP [9]
It's hehhdfsjgsisgdsjsb,gvsjsvgsgejdnxgndjdgdusjehgsnskhsgzjosbdjd there's the answer XD
7 0
3 years ago
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