according to the graph of marginal product of labor for a company that makes beanbags, which of the following situations is created when the fourth through seventh workers are hired
a. increasing marginal returns
b. marginal product of labor specialization
c. negative marginal returns
d. diminishing marginal returns
Answers
Answer:
d. diminishing marginal returns
Explanation:
Marginal return on work is a microeconomic concept that aims to measure the increase in the amount produced when an extra worker is hired.
When the fourth employee is contradicted, production increases by 6 units, ie the marginal return of the worker is 6 units. When the fifth employee is hired, production increases by 5 units. When the sixth employee is hired, the production increases by 3 units and when the seventh employee is hired, the production increases by one unit, thus the marginal return of this worker is 1 unit. This means that the productivity of each employee increases, but at a decreasing rate. In other words, marginal returns on production are decreasing from the fourth worker. Note that from the first to the second and from the second to the third marginal returns are increasing (6 and 7 respectively).
Related Questions
What are two ways that a person's wealth may be taxed? Describe these taxes.
Answers
Estate taxes are taxes levied on a person’s estate when that person dies. Inheritance tax is a tax on the property or assets that someone has passed on to another. Hope this answers your question.
. Elena wants to open a Chinese restaurant near a university. She has the required capital to start her restaurant. However, she is unable to find good chefs for her restaurant. Which type of resource is Elena lacking?
natural
human
capital
entrepreneurship
Answers
human resorce is lacking
Samantha puts an initial $500 into a savings account. The account has a 4% annual compound interest rate. What is the function that best represents Samantha's account and how much does she have in savings after 5 years? Round your answer to the nearest dollar.
Hint: Use the formula, f(x) = P(1 + r)x.
f(x) = 500(1.4)x, $2,689
f(x) = 500(0.04)x, $512
f(x) = 500(1.04)x, $608
f(x) = 500(1.04)x, $5
Answers
Since P is amount and r is the interest rate so P is 500 and r is 0.04.
f(x)= P(1 + r)x.
f(x) = 500 (1 + 0.04)^x
f(x) = 500 (1.04)^x
Now, solve for it:
f(x) = 500 (1.04)^5
f(x) = 500 (1.21665)
f(x) = 608
Therefore, the answer would be the third option. Hope this helps.
Consumer products such as furniture and appliances are typically distributed using what kind of distribution
Answers
Consumer products such as furniture and appliances are typically distributed using selective distribution. Selective distribution uses only a preferred group of the available retailers in an area and by doing this is helps ensure producers of quality sales and service. The other two retail distribution strategies are Intensive distribution: . Intensive distribution and Exclusive distribution.
What does making a credit card minimum payment mean?
Answers
Credit card terms require you to pay at least the minimum payment by the date pointed out every month. This payment is the lowest amount you can pay on your credit card to avoid penalties. Minimum payments are usually a percentage of your outstanding balance.
Hope this helps.
The return on investment (ROI) from education is typically the highest for:
A-A high school graduate
B-A college applicant
C-Someone with a 2-year (Associate) degree
D-Someone with a 4-year (Bachelor’s) degree
Answers
So, the answer is B.
The answer is "D-Someone with a 4-year (Bachelor’s) degree".
The return on investment (ROI) from education is ordinarily the most noteworthy for advanced education. Higher education is getting to be costly, in a way that you have to truly look and pick the sort of advanced education that suits you with the end goal to get a great rate of return.
Rate on Investment (ROI) is an execution measure, used to assess the proficiency of a venture or think about the productivity of various diverse speculations. return on initial capital investment estimates the measure of profit for a speculation, with respect to the venture's expense. To ascertain ROI, the advantage (or return) of a venture is separated by the expense of the investment. The outcome is communicated as a percentage or a ratio.
Medicare is a national health insurance program that _____.
A. is funded by Social Security taxes
B. only insures people who are under the age of 65
C. covers people over 65 and others with certain disabilities
D. insures America’s poorest people
Answers
Hope that I helped :)
Which of the following statements is correct? ACars typically lose the most value in the first year after purchase. BHouses will always appreciate in value over the long-term. CBoth A & B D or neither a or b
Answers
I believe the answer is: A. Cars typically lose the most value in the first year after purchase
As the miles usage in cars increase, the quality of the machine tend to deteriorate, which would lead to the decrease in the cars' value. On top of that, the new model that given by car companies tend to possess better technology/design. On average, cars tend to lose 15 - 25 % in value during the first year.
Which goal of monetary policy is missing from the list: economic growth, stable prices and _________?
Question 9 options:
A)
balance of trade
B)
full employment
C)
loose fiscal policy
Answers
Which of the following statements is false? A. A debit card never has a MasterCard or Visa logo on it. B. Your debit card is like cash. C. You do not borrow money when you use a debit card. D. Loaning your debit card to friends is a not smart thing to do.
Answers
D. is obviously true, so it isn't that either.
So by process of elimination, I'm pretty sure the correct answer is A.
The false statement is 'A debit card never has a MasterCard or Visa logo on it.' Debit cards can bear these logos, as they are payment systems networks. The other statements regarding the function and security of debit cards are true.
Explanation:The false statement that is options is A. A debit card never has a MasterCard or Visa logo on it. That's not true. Debit cards are often issued by banks and they can bear the logo of MasterCard or Visa, as they are payment systems. It indicates where these cards are accepted as a form of payment.
The other three statements are true. Your debit card is like cash. When you use a debit card, the money is directly deducted from your banking account, just like how cash functions when you pay with it. we cannot borrow money using a debit card. Payment is made from the money you already have in your account, unlike a credit card where you borrow money from the bank to make a purchase. Lastly, Losing your debit card to friends is a not smart thing to do. It can pose risks to your financial security as debit card details can be misused for unauthorized transactions.
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When a consumer is able and willing to buy a good or service, he or she creates which of the
following?
A)
consumption
B)
allocation
C)
demand
D)
elasticity
Answers
The answer is A.) Consumption
What are two ways someone could earn money on a real estate investment? 1.) Residents pay to have the floors cleaned. 2.) Owner could sell a property he or she fixed up. 3.) Residents pay rent to the owner. 4.) Owner could charge people that drive by the property.
Answers
The correct answers are
Owner could sell a property he or she fixed up
Residents pay rent to the owner
:)
Owner could sell a property the person fixed up and Residents pay rent to the owner are two ways someone could earn money on a real estate investment.
What is real estate investment?The purchasing of real estate as an investment rather than a permanent residence is referred to as real estate investing. In simple terms, it can be defined as any immovable but transferable land, building, infrastructure, or other tangible property.
Thus, option B and C are correct.
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Which of the following statements about taxes is FALSE? ATaxes are collected at the local, state and federal level BSome states don’t collect income tax CSome states don’t collect sales tax. DTaxes at the local, state and federal level are all equal
Answers
Answer:
A. Local Taxes
Explanation:
Conflict management is dealing with conflict in either a _________________.
a.
confrontational, non-confrontational, or cooperative way
b.
non-confrontational, cooperative, or interpersonal way
c.
cooperative, aggressive, or assertive way
d.
confrontational, non-confrontational, or uncooperative way
Answers
Answer:
The answer is A
Explanation:
If you declare personal bankruptcy, how long will this stay on your credit report
Answers
In _____ interviews, interviewers tend to ask questions which they see fit and do not depend on a fixed set of questions for their interviews.
Answers
I think it is
In unstructured interviews, interviewers tend to ask questions which they see fit and do not depend on a fixed set of questions for their interviews. This type of interview is also known as a standardized interview or a researcher-administered survey.
In structured interview, on the other hand, managers ask each applicant the same standard question.
How many government agencies does the United Kingdom have to oversee the financial industry?
Answers
The Correct Answer: 1
How long does a bachelor’s degree program usually take to complete?
A. Two years
B. Four Years
C. One year
D. Five years
Answers
Answer:
Four Years
Explanation:
Associates is 2 years
Bachelors is 4 years
Masters is 6 years
Doctorate 8+ years
In the equation 1,500(B-15)=3,000, B equals
Answers
1500(17-15)=3000
1500(2)=3000
Answer:
17
Explanation:
Which of the following items are required on a food label?
a. Dietary fiber
b. Sugar alcohol
c. Insoluble fiber
d. Beta-carotene
Answers
A. dietary fiber
Many consumers need this information for maintaining their bowel movement
hope this helps
_______ is a tool used to communicate the distinct attributes of a product; it can be used as a slogan or a theme and often becomes a snapshot of the entire advertising campaign.
Answers
Answer:A unqiue selling proposition
Explanation:
A Unique Selling Proposition (USP) is a distinctive and compelling aspect of a product or service that sets it apart from competitors in the minds of consumers. It is a specific and clear statement that communicates the unique benefits or qualities of a product, answering the question: "Why should a customer choose this product over others?"In the context of advertising, a USP is often used as a slogan or theme that encapsulates the key selling points of the product. It is a concise and memorable message that aims to create a lasting impression and influence consumers' purchasing decisions. The USP should emphasize what makes the product different, better, or more valuable than alternatives in the market.
How does the economy use its factors of production (land, labor, capital, and entrepreneurship) to facilitate economic growth?
Answers
land
air
building new structures vertically in the air
sand
building new islands at sea
labor
construction workers
building the Burj Khalifa
human capital
engineering skill
building a ski slope in the desert
physical capital
machinery
cranes used for construction
entrepreneurship
leader's action to develop the city
making Dubai into a business and entertainment center for the Middle East
This shows how much profit is being made by each dollar of sales for the period being analyzed
Answers
According to the pie chart, which function consumed the largest portion of government expenditures in 2003?
providing retirement income for older citizens
improving roads, bridges, and other infrastructure
providing health care for older and poor citizens
paying the interest on the national debt
improving education and training for poor citize
Answers
Final answer:
The largest portion of government expenditures in 2003 was likely spent on providing health care for older and poor citizens, which includes programs like Medicare and Medicaid.
Explanation:
According to the information provided, which reflects government expenditures from various figures, the function that consumed the largest portion of government expenditures in 2003 was likely providing health care for older and poor citizens. This category, which includes programs such as Medicare and Medicaid, has consistently been a significant part of the budget, growing steadily as a percent of GDP. When it comes to entitlements which represent obligations that the government must pay, health care is a substantial portion, alongside Social Security, and interest payments on the national debt.
Which of the following terms refers to legal protection provided against copying, distributing, performing, or changing both published and unpublished works?
a. Intangible property b. tangible property c. copyright****** d. intellectual property What is piracy? a. The use of copyright in federal court b. copying, downloading, reproducing, or distributing material without permission ******
c. exercising your intellectual property rights d. giving others permission to use your tangible property.
what is covered by the term intellectual property? a. Copyrighted material, plus intangible things like ideas, music, the written word, or pictures.********
b. anything that is owned and can be touched c. any item immune from piracy that is also purchased
d. property that is available for public use.
Answers
Copyright is the legal protection against copying and distributing of published and unpublished works, while piracy is the illegal act of doing so. Intellectual property covers copyrighted material and intangible items like ideas, music, or the written word.
Explanation:The term which refers to the legal protection provided against copying, distributing, performing, or changing both published and unpublished works is called copyright. This is an essential component for protecting intellectual work. When someone violates these rights such as copying, downloading, reproducing or distributing material without permission, it is referred to as piracy.
Intellectual property is a broad term that covers various legal entitlements which come from the mental labor recognized by law. It includes copyrighted material, and intangible things like ideas, music, the written word, or pictures. Intellectual property right allows an individual or enterprise to have exclusive rights to use its own plans, ideas, and other intangible assets.
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In addition to the problems stated here, what other issue contributed to the problems faced by Native Americans on the Great Plains at the end of the 19th century? A) European diseases wiped out a substantial portion of the Sioux population. Be) Timber land was harvested, robbing Native Americans of a valuable resource. C) Under the Dawes Act, Indian reservations lost all of their federal funding. D) Railroads brought an increase in population, leading to controversies over land usage.
Answers
i think the answer is B which is Timber land was harvested, robbing Native Americans of a valuable resource
If as a part of its business, a company routinely handles toxic materials, all employees who come into contact with the hazardous materials should _______.
a.
be allotted more vacation time than other employees
b.
be filing to collect worker?s compensation
c.
be trained to safely handle and dispose of the materials
d.
be able to file complaints to OSHA to close the business
Answers
If as a part of its business, a company routinely handles toxic materials, all employees who come into contact with the hazardous materials should be trained to safely handle and dispose off the materials. Therefore, the option C holds true.
What is the significance of hazardous materials?Hazardous materials can be referred to or considered as materials that are usually harmful for the consumption or exposure in any matter as may be prescribed. These materials may also prove to be fatal in nature at some times.
A company that deals in a working environment of hazardous materials =, it becomes extremely for such organization to dispose and treat these materials in a safer manner, so that no further damages are caused to the people after the usage of materials has been completed.
Therefore, the option C holds true and states regarding the significance of hazardous materials.
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For every problem-solving activity it is crucial that no less than five alternatives be considered.truefalse
Answers
Depending on the activity, less alternatives may be considered.
I hope I helped!
Credit reports are created by?
Answers
What must an entrepreneur do after creating a business plan
Answers
After creating a business plan, an entrepreneur does finance the business.
Further Explanation:
Entrepreneur:
An entrepreneur is a person who alone can start his business. He is the only owner of his business. He does not have any partnerships with other people. He takes all the losses in the business. He also earns all the profit in the business. The successful entrepreneurs are those people who have the ability of leadership and risk management.
Business plan:
A business plan refers a plan in which the entrepreneur decides about when to start the business, the product that has been produced, short term goals, long term goals, estimated how much units produced, cost of production of units and other expenses that have been occurred after starting the business.
After making a business plan, he does finance the business. The entrepreneur starts financing the business. He looks after the sources of finance and how much finance should borrow and how much investment he can do own, and from what sources the entrepreneur should take finance whether from a private bank or any other sources. An entrepreneur decides on the basis of that the debt should not be more than equity as it creates more burden on the business to pay the debt immediately.
Learn more:
1. Learn more about business law
https://brainly.com/question/10485918
2. Learn more about starting a business
https://brainly.com/question/10857815
3. Learn more about profit margin
https://brainly.com/question/10218300
Answer details:
Grade: Middle School
Subject: Business
Chapter: Entrepreneurship
Keywords: Must, an entrepreneur, do after, creating, business plan, business, Entrepreneurship, to finance the business, own business, short term goals, long term goals.