The field of economics is so vast and broad that it is often classified into branches and one of which are the positive and normative economics. Positive economics usually refers to the process and methods of explaining a certain economic phenomenon in which it establishes common relationships among variables present.
Answer:
b) Nothing, because you are already minimizing cost
Explanation:
cost of producing one additional unit by hiring more workers = $10 / 50 units = $0.20 per unit
cost of producing one additional unit by buying the machine = $200 / 1,000 units = $0.20 per unit
Since labor exhibits a diminishing return, the next unit of labor will produce less than 50 units. This means that if you want to increase production, you should buy the machine.
Using the same logic, the previous units of labor were able to produce more than 50 units, which means that the average total cost was lower using labor than the machine. So if the company's concern is to minimize costs, then they are already doing so.
Here are the list of all that qualities:
- Good communication skills >>>>. Most important
Invovles both listening and talking in order to connect all the clues that found during the investigation
- The ability to make a quick decision
- Integrity (so they will be immune to any form of bribery)
- Ability to control emotions
- Deep knowledge of the law
bro there is no items in you question fix it and i'll answer bro
A cluster of selections approximately what goals to pursue, what movements to take, and a way to use assets to obtain those dreams is a(n)organization's strategy.
A purpose is a goal or goal that someone is making an attempt to attain or acquire. the aim is also the cease factor of a race or something that a player is trying to position an item into as a part of recreation. the intention has different senses as a noun. An intention is a purpose or objective that you work toward with attempt and resolution.
Lifestyles goals are described because the desired states that human beings are seeking to acquire, maintain or avoid (Nair, 2003). while we set goals, we envision, plan for, and decide to accomplish those desired results. sincerely put, they're the stuff you would like to accomplish in your lifestyle. lifestyles goals are the huge things to work for and accomplish inclusive of getting married and having your own family, beginning your very own enterprise, becoming a huge-time govt, or traveling the globe.
Learn more about goals here:brainly.com/question/24693533
#SPJ4
