Answer:
increasing then decreasing
Explanation:
production level total cost average total cost
4,000 $8,000 $2.00
4,200 $8,200 $1.95
4,400 $8,800 $2.00
Returns to scale measure the change in productivity, or how much input is needed to produce a unit of output.
- increasing returns to scale: output increases in a greater proportion than inputs
- constant returns to scale: output increases in the same proportion as inputs
- decreasing returns to scale: output increases in a lower proportion than inputs
Since first the average total cost decreased, total output increased in a greater proportion than inputs ⇒ increasing returns of scale. But then the situation reversed and total output increased in a lower proportion than inputs ⇒ decreasing returns of scale.
Answer:
Correct answer:
b) lower prices for consumers and producers
Explanation:
In United States of America, food is one of the fundamental things which the government guarantee its citizens. Most agricultural products are subsidized by the government both for the farmers (producer) and the citizens (consumers).
<em>The subsidy for the producer could be inform of payment of incentive, giving out agricultural implements and grants. On the other-hand, the subsidy to the consumer could be inform of reduced price of the agricultural food crops.</em>
Answer:
The correct answer is number (1): True.
Explanation:
Due diligence refers to the exercise an individual is subject to after entering a contract with another party by which a certain standard of care is expected from the individual.
The United States Sentencing Commission is the governmental agency in charge of reviewing sentences discrepancies and promoting fair sentencing.
<em>In front of ethical issues within a firm, the U.S. Sentencing Commission states that the company must have disseminated a code of conduct so that the filing company can allege a violation of the due diligence employees are subject to.</em>
Answer:
50 cartons of eggs
Explanation:
The comparative advantage is a principle in which a country specializes in the production a good in which it has a lower opportunity cost than others.
Bottles of milk cartons of eggs
India 15 50
Indonesia 25 35
In this situation, the opportunity cost for India of producing 1 bottle of milk is producing 3.33 cartons of eggs. The opportunity cost for Indonesia of producing 1 bottle of milk is producing 1.4 cartons of eggs. This means that Indonesia has a lower opportunity cost and a comparative advantage in producing bottles of milk.
In the other part, the opportunity cost for India of producing 1 carton of eggs is producing 0.3 bottles of milk and the opportunity cost for Indonesia of producing 1 carton of eggs is producing 0.71 bottles of milk. This means that India has a lower opportunity cost and a comparative advantage in producing cartons of eggs.
According to this, India would specialize in producing eggs as it has a comparative advantage and the country will produce 50 cartons of eggs.
Answer:
An employment agency
Explanation:
An employment agency is a firm whose primary purpose is to connect employers and employees. The agency does not employ people but aims at placing them for employment in other organizations. The agency matches the job opening in organizations and available skills.
In some countries, employment agencies can be government-owned or private businesses. Organizations that employ though agencies will save on time and recruitment costs.
