Answer:
The real GDP per hour worked to increase if there are diminishing returns by less than $500.
Explanation:
Increase in capital per worker from $15000 to $ 20000 increases real GDP per hour worked by $ 500. If there is diminising return to scale then any amount of further increase in capital per worker (say further to 25000 ) will increase GDP less than $ 500. This is because diminising return implies that as we increase our inputs the quantity of our output goes on diminishing. Here the diminishing return has already started ,therefore addtional unit of output will only decrease due to increase in additional unit of input.
Therefore, The real GDP per hour worked to increase if there are diminishing returns by less than $500.
Answer:
Business Process Re-engineering
Explanation:
Business Process Re-engineering sometimes denoted as (BPR). It is a business process which include rearrange the previous process with aim to reduced manufacturing cost and error during process.
BPR process involves assessment of previous process which include detail assessment of all process which are part of fault engineering.
steps of BPR are
1- Analyze previous process
2- identify the error
3 -design future process on the basis of error
4 - implementation of process
A contract manufacturer ("CM") is a manufacturer that contracts with a firm for components or products. It is a form of outsourcing. In the food business a contract manufacturer is called copacker.
The answer to this question is C. The buyer must also gain; Mutual gain provides the foundation for exchange.
Answer:
43.1%
Explanation:
Working out the interest rate given the Present Value, a Future Value and how many Periods.
The applicable formula is r = ( FV / PV )1/n - 1
Where r= interest rate
FV = future value... 30 m
Pv= present value... 5 m
n= number of periods.. 5
R = ( 30,000,000/ 5,000,000)1/5 -1
R=(6)0.2 -1
R=1.430969-1
R=0.430969
As a percentage , R=0.430969 x 100
=43.096
=43.1%
