Answer:
60 pizzas
40 pizzas
Explanation:
Marginal product measures the change in output as a result of a change in input by one unit
Marginal product = change in output / change in input
Marginal product for the 4th worker
Change in output = 360 - 300 = 60 pizzas
Change in input = 4 - 3 = 1 worker
Marginal product = 60 / 1 = 60
Marginal product for the 5th worker
Change in output = 400 - 360 = 40 pizzas
Change in input = 5 - 4 = 1
Marginal product = 40 / 1 = 40
It can be seen that marginal product decreased from 60 to 40 when the 5th worker was added. This illustrates diminishing marginal returns.
The law of diminishing returns says as more units of a variable input is added to a fixed income of production, output might increase at a point but after some time total output would increase at a decreasing rate and marginal product would be decreasing.
Answer: Joint venture.
Explanation:
In a country that doesn't allow foreign companies to own businesses in them, a joint venture can be created between the foreign company and the local companies in order for the foreign company to have a presence in that country. A joint venture is a form of business formation that involves two or more seperate businesses coming together to form a business establishment, while each business maintains their individual identities.
Answer:
a. scientific management
Explanation:
Scientific management -
Scientific management is also refers to as Taylorism .
According to this management practice , the work is analysed and synthesized in an appropriate manner and fashion , is referred to as scientific management.
The scientific experiments are conducted with proper procedure and management.
Hence , from the given information of the question,
The correct term is a. scientific management .
Assigning indirect costs to specific jobs is completed by D. applying indirect costs to work in process.
<h3>What are indirect costs?</h3>
Indirect costs are costs that are not directly traceable to cost objects (e.g. a job, product, or service unit).
Indirect costs are overheads incurred as a result of a business activity but without direct impact. For example, utilities, office supplies, etc. are all indirect costs.
Thus, assigning indirect costs to specific jobs is completed by D. applying indirect costs to work in process.
Learn more about indirect costs at brainly.com/question/24762880
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