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IRINA_888 [86]
1 year ago
7

MC increases becausea. MC naturally increases as the firm nears capacity. b. labor is paid overtime wages when volume increases.

c. in the short run, MC always increases. d. the law of diminishing returns takes effect.
Business
1 answer:
skad [1K]1 year ago
4 0

Answer:

The correct answer is letter "D": the law of diminishing returns takes effect.

Explanation:

The Law of Diminishing Marginal Returns states that as the number of a given factor increases in production it causes smaller increases in the output's costs. When it comes to Marginal Costs (MC), it represents the additional costs of adding one more unit of production. In the beginning, it implies increasing output but it rises at a diminishing rate until the costs become minimum.

Thus, <em>the MC increases can be explained using the law of diminishing marginal returns.</em>

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Suppose that the consumer price index in Eastlandia rises from 150 to 159 over the past year, and that the city sets its car reg
Mnenie [13.5K]

Answer:

The Nominal Cost to register the car should be $53.

Explanation:

For the first year the data is given as

CPI=150

Nominal Price=$50

Real Income= Nominal Cost / Consumer Price Index

                    =50/150 = 0.33

Now for the second year as the real income is same as previous year thus

RI=0.33

CPI has increase to 159. Now the nominal cost is given as

Nominal Cost=Real Income * Consumer Price Index

Nominal Cost=0.33 * 159

Nominal Cost=$53

So the Nominal Cost to register the car should be $53.

4 0
2 years ago
John, Lesa, and Trevor form a limited liability company. John contributes 60 percent of the capital, and Lesa and Trevor each co
lianna [129]

Answer: State Law.

Explanation:

This dispute falls under the jurisdiction of state law and so that is what the court will use. This is unless the company established a profit-sharing agreement as per the Uniform Limited Liability Company Act (ULLCA) and the state that they are in is one of the 19 states and District that enacted the UCCLA.

As the company never established a profit agreement principle, this falls under State law which normally calls for the division of profits equally amongst partners.

5 0
1 year ago
four ways in which the government can ensure that Road Accident Fund benefits are given to deserving beneficiaries
OLga [1]

1)   Road accident officials may visit the claimant in person, to confirm the authenticity of the claim.

 

<span>2)   The RAF should reinstate their existing system (the fault-based compensation system) with a new system proposed in the high court, called the Road Accident Fund Benefit Scheme (RABS) – a no fault benefit system – that will pardon the affected driver from civil liability.</span>

 

<span>3)   Certify that there is slight intermediary intervention as possible. For instance, lessen the amount that lawyers take as a cut from pay-out.</span>

 

<span>4)   Utilize more efficient employees, who can make certain that the administrative side of the RAF runs as reasonably and smoothly as possible, with as little deceitful behavior and corruption as possible.  </span>

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3 0
1 year ago
Read 2 more answers
Lakeview Apartments is an 800​-unit apartment complex. When the apartments are​ 90% occupied, monthly operating costs total $ 22
Harman [31]

Answer:

$204,080

Explanation:

The computation of operating cost is shown below:-

operating cost if occupy 55%

Cost on (800 × 90%)

= 720 units is $220,040

Cost on (800 × 80%)

= 640 Units is $215,480

Variable cost per unit = Changes in total cost ÷ High activity-Low activity

= ($220,040 - $$215,480) ÷ (720 - 640)

= 4,560 ÷ 80

= 57 per unit

Fixed cost = Total cost - Variable cost

= $220,040 - (720 × 57)

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Cost equation:

Total cost = Fixed cost + Variable cost per unit

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Y = $1790,00 + (57 × 440)

Y = $204,080

3 0
1 year ago
Where should charts with Food Code 3-401 be displayed?
kotykmax [81]

Answer:

A. Where customers can see them.

Explanation:

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The charts with the food code 3-401 should be placed where customers can see them to create awareness and make them to understand the level of what is expected from a food outlet. This would convince them that the food is prepared under healthy conditions.

7 0
1 year ago
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