A technological efficiency is achieved, when a given output achieves the maximum possible output.
Why the pizzeria is technologically efficient?
a) Suppose Tony operates Plant 2. He hires 2 workers and produces 20 pizzas a day. Is the pizzeria technologically efficient? Why or why not?
The firm is not technologically efficient. The production function shows that with 2 ovens and 2 workers it is possible to produce 22 pizzas a day.
b) Suppose Tony operates Plant 1. He hires 2 workers and produces 18 pizzas per day. Is Tony's Pizza technologically efficient? Why or why not? Can Tony increase production to 22 pizzas a day in the short run? If yes, how?
Tony's Pizza technologically efficient. The production function shows that 18 pizzas is maximum output that 2 workers can produce with 1 oven. Tony can increase production to 22 pizzas per day in the short run by hiring more labor.
c) Suppose Tony operates Plant 3. What is the marginal product of labor when the fourth worker is hired? When operating Plant 3, does Tony experience diminishing marginal returns? Explain.
When the 4th worker is hired, the marginal product of labor is the change in output, 40 pizzas-33pizzas= 7 pizzas, divided by the change in the labor input, 1 worker. So, the marginal product of labor for the 4th worker is 7 pizzas per day.
Tony experiences diminishing marginal returns because the marginal product of labor diminishes as more workers are hired.
d) Suppose Tony currently uses Plant 3. Can he increase production from 40 to 50 pizzas per day in the short run? In the long run? If yes, how?
If Tony uses Plant 3, he cannot increase production from 40 to 50 pizzas per day in the short run. The short-run production function for plant 3 shows that the maximum output that the firm can produce with this plant is 48 pizzas per day.
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Which of the following examples is the best way to search for dogs but not a
particular breed?
A. dog-Chihuahua
B. dog+Chihuahua
C. dog -Chihuahua
D. dog +Chihuahua
The best way to search for dogs but not a particular breed is dog -Chihuahua.
What is search?To search is to look for something or get a particular information about a subject. It involves carefully looking out for. A search can be done on the internet to generate information.
dog+Chihuahua will give the Chihuahua breed of dog likewise others.
Therefore, The best way to search for dogs but not a particular breed is dog -Chihuahua.
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What would be the answer for part b?
State where this following question is a fact, opinion or informed opinion. "Conspiracies are perennial favourite for television producers because there is always a receptive audience?
This question corresponds to an informed opinion by presenting a judgment based on certain reasons.
How is an opinion formed?The judgment or vision that an individual acquires on a given topic may be constituted from facts, individual values or acquired knowledge, and the opinion may not correspond to the reality of the facts.
Therefore, it is essential that, when forming their own view of a situation, the individual seeks reliable sources and develops critical thinking, so that their opinion is more consistent and grounded.
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Bob returns goods bought on credit from Tariq, which ledger a/c entries record this in Tariq's book?
Debit Credit
A. Bob Sales returns
B. Bob Purchase returns
C. Sales return Bob
D. Purchase returns Bob
Answer:
D. Purchase returns Bob
Explanation:
Purchase refers to payment by creditSo, it is either B or DD sounds like the more sensible optionC. Sales return, Bob
[tex]\begin{tabular}{|c|c|c|c|} \cline{1-4} \cline{1-4} \multicolumn{2}{|c|}{\sf Debit } & \multicolumn{2}{c|}{\sf Credit} \\ \cline{1-4} \multicolumn{2}{|c|}{\sf Bob } & \multicolumn{2}{c|}{\sf sales returns} \\ \cline{1-4} \multicolumn{2}{|c|}{\sf Bob } & \multicolumn{2}{c|}{\sf purchase returns} \\ \cline{1-4} \multicolumn{2}{|c|}{ \sf Sales returns } & \multicolumn{2}{c|}{Bob} \\ \cline{1-4} \multicolumn{2}{|c|}{Purchase returns} & \multicolumn{2}{c|}{Bob} \\\cline{1-4} \end{tabular}[/tex]
Breakdown of what's happening:
Credit means borrowing goods and will return them later. Here Credit: Bob
as he borrowed goods from Tariq and returning them.
When comes to sales return and purchase return. Recall,
purchase return: credited
sales return: debited
Hence, debit - sales return, credit - Bob. option C is correct.
Economics* IMPORTANT
What will most likely happen if Karla pays off her car loan early?
A. her credit score will increase
B. her interest rate will go up
C. her credit score will decrease
D. her credit score will stay the same
Answer:
It can actually hurt your credit score because open positive accounts can have a greater impact than closed ones.
What are the current strategic issues in a business? Also identify is there any need of strategic leader in organization?
Note: You can either chose any random organization and find there strategic issues or do it generally.
Strategic leadership allows for streamlining of processes, improving strategic productiveness, and selling innovation. In this management, personnel may be productive, independent, and push new ideas.
What are the strategic problems in business?Price Competition Uncertainty in the global businessMass Demographic ShiftTechnology Accelerates the Pace of ChangeEffective leadershipDiversity.Growing Urgency.Thus, these are the strategic issues faced in today's business and the above information also explains the need for a strategic leader in a business.
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What are the three types of Learning Styles
Answer: Visual, Auditory and Kinesthetic
Explanation:
The following are the transactions of Spotlighter, Incorporated, for the month of January. a. Borrowed $4,390 from a local bank on a note due in six months. b. Received $5,080 cash from investors and issued common stock to them. c. Purchased $1,900 in equipment, paying $650 cash and promising the rest on a note due in one year. d. Paid $750 cash for supplies. e. Bought and received $1,150 of supplies on account.
Answer:
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a.
(A) Cash +4,940
(L) Notes payable (short-term) +4,940
b.
(A) Cash +5,630
(S) Common Stock +5,630
c.
(A) Cash -1,200
(A) Equipment +3,000
(L) Notes payable (short-term) +1,800
d.
(A) Cash -1,300
(A) Supplies +1,300
e.
(A) Supplies +1,700
(L) Accounts payable +1,700
Explanation:
(A) = Assets
(L) = Liabilities
(S) = Stockholders' Equity
(A) = (L) + (S)
Transaction a.
(A) Cash +4,940
(L) Notes payable (short-term) +4,940
Transaction b.
(A) Cash +5,630
(S) Common Stock +5,630
Transaction c.
(A) Cash -1,200
(A) Equipment +3,000
(L) Notes payable (short-term) +1,800
Transaction d.
(A) Cash -1,300
(A) Supplies +1,300
Transaction e.
(A) Supplies +1,700
(L) Accounts payable +1,700
A student is writing a research paper about the poetry of the Harlem Renaissance. Which style guidelines will the student most likely follow when writing about this topic?
Answer:
B: Modern Language Association (MLA)
Explanation:
I'm taking the BIM Cumulative Exam 2022
the crisis experienced in the workplace.
Answer:
were is tha picture i can answer that if don't have pictures
what is a contingency management system theory
Answer:
The contingency management theory is an organizational theory that claims that there is no best way to organize a corporation, to lead a company, or to make decisions. Instead, the optimal course of action is contingent (dependent) on the internal and external situation.
How does Tony convince Joel to go swimming in the Vermillion River?
Answer: Could be from bribing, displaying all of the perks of swimming in the river or describing how much fun it could be
Explanation:
Loans are usually offered at the full value of the collateral. True or False
Loans are usually offered at the full value of collateral is the true statement.
What is collateral?Collateral is the security or the garantee that an lender accepts on behalf of the loan. It is an asset which is accepted by lender till the repayment of his loan.
Loans are generally provided on the full value of collateral and it helps in the extension of the loan. The lender also get assured by the collateral specially at the time of non payment of loan he will be able to recover it from collateral.
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Which phrase best completes the diagram?
Effective strategies for managing credit
Answer: Its B. paying bills on time
Explanation:
Medicare is a national health insurance program that _____.
[tex]\normalsize\blue{\overline{\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad \ \ \ }} [/tex]
Medicare is a national health insurance program that help poor people that cannot afford their health insurance or medicines.
The answer is ( insures American’s poorest people)
When several large sellers have some control over the prices, this is called _____.
A. perfect competition
B. a monopoly
C. an oligopoly
D. monopolistic competition
Answer:
C
Explanation:
Oligonpoly
Aside from turning to the black market, how do consumers make up
for goods that are rationed?
Answer:
Consumers make up for goods that are rationed by finding substitutes, like margarine in place of butter.
Explanation:
what is ownership in entrepreneur
What is likely to happen to the interest of a credit card with an introductory APR?
The interest will be revised after the first year, based on the economy.
There is a significant interest increase after the first year.
The interest will be revised after the first year, based on the borrower's repayment history
There is a slight interest decrease after the first year.
Answer:
The interest will be revised after the first year, based on the borrower's repayment history
Explanation:
also within the first month if you pay off your entire balance by the due date then you wont be charged any interest
Experian
The interest will be revised after the first year, based on the borrower's repayment history is likely to happen to the interest of a credit card with an introductory APR. Thus, option C is correct.
What is a credit card?A sort of line of credit offered by banks seems to be a credit card, which enables users to borrow money up to a pre-approved available credit. Users can use it to transact in the purchasing of goods as well as services.
You may get an intro APR for buys, current accounts, or both based on your credit card. You will pay little to no cost on the debt while the promotional rate is in effect.
After the trial period expires, you'll be paying the standard rate. You will receive no charge for the first week if you repay off your entire amount by the due date. Therefore, option C is the correct option.
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When the owner took goods from the business for personal use we record it in
A. Sales journal
B. Purchase journal
C. General journal
D. Cash book
Answer:
C. General journal
Explanation:
As it relates both business and personal accounts, we record it in the general journal.
Carla vista co. received proceeds of 5585020 on a 10-year, 8% bonds issued on January 1, 2019. The bonds had a face value of 530000, pay interest annually on December 31, an have a call price of 104. Carla vista uses the straight-line method of amortization. What is the carrying value of the bonds on December 31, 2021
The carrying value of the bond is $489,560.
What is the carrying value of a bond?A bond's carrying value is defined as its par value or face value plus any unamortized premiums or discounts, minus any unamortized discounts.
This is deducted because it is represented on the balance sheet, the carrying value is the difference between the par value and the premium or discount.
Computation of Carrying value of Bond:
According to the given information,
First, there is a need to calculate the premium amount, that amount is calculated as follows:
Premium Amount = Face value of Bond – Proceeds received
Premium Amount = $530,000 – $558,5020
Premium Amount = -$505,5020
Now, there is a need to finding the Annual amortization value, this can be found out by the following:
Annual amortization = Premium Amount/Time period
Annual amortization = -$505,5020/10
Annual amortization = -$505,502
Then, the carrying value of the bond will be:
Carrying value of bond = face value – unamortized discount
Carrying value of bond = $530,000- (-$505,502×8%)
Carrying value of bond = $489,560
Therefore, the carrying value of the bond is $489,560.
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Ginnie has observed that her signature item, the Satisfying Smoothie, is very popular with the late evening crowd at the gym, but it is not so popular with the early crowd. The early and late crowds have only slightly different preferences for her Hydration Power Drink. The gym has a very large clientele, and Ginnie can’t always tell who has the late-crowd preference and who has the early-crowd preference.
Contribution is the difference between sales and variable cost.
Hydration power drink
contribution - revenue
High = 7-1 = 6
Low = 6-1 = 5,
Satisfying smoothie,
High = 10-4 = 6
Low = 5-4 = 1
Hydration power drink bundle will be maximized profit.
What is maximized profit?Profit maximization is a process business firms undergo to ensure the best output and price levels are achieved in order to maximize its returns.
Influential factors such as sale price, production cost and output levels are adjusted by the firm as a way of realizing its profit goals.
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when two goods are substitutes production then what??
Answer:
An increase in the price of one substitute good causes a decrease in supply for the other.
Explanation:
I just took a test on this subject last week :)
During April , Cavy Company incurred factory overhead as follows : Indirect materials $11,300 Factory supervision labor 4,000 Utilities 460 Depreciation (factory )660 Small tools 330 Equipment rental 790 Journalize the entry to record the factory overhead incurred during AprilIf an amount box does not require an entry, leave it blank
Answer:
Date Account Title Debit CreditApril Factory Overhead $16,720 Indirect materials $10,500 Wages payable $4,000 Utilities payable $ 500 Accumulated Depreciation $ 620 Small tools $ 370 Equipment rental $ 730
Which of the following is not a goal of the promotion mix?
Strategic positioning is not a goal of the promotion mix. As strategic, position is not involved in the promotional mix. Promotional mix is related to the selling and promotion.
What is promotional mix?Promotional mix is the different combination of the methods of marketing and promotions. It has different features from which a person can promote their business.
Advertising, Public relations or publicity, Sales promotion, Direct marketing and Personal selling are the five elements of the promotional mix.
Thus, it is strategic positioning.
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One of the core skills needed for the following position in a museum involves researching the artifacts and works on display.
A: Archivist
B: Marketer
C: Designer
what is the future value of 1200$ a year for 40 years at 8% interest? assume annual compounding
Answer/Number(3):
C: "310,868"
2) Which group of activities is made up of tertiary industries only?
a) Banking, research, farming.
b) Transport, food processing, marketing.
c) Marketing, transport, insurance.
d) Tourism, fishing, banking.
Answer: B
Explanation: it is involving the provision of services to other businesses as well as to final consumers
The demand curve for a truckload of firewood for college students in a small town is Qc - 350 - p.
It is sometimes convenient to rewrite a demand curve equation with price on the left hand side. We refer to such a relationship as the inverse demand curve. Therefore, the inverse demand curve for college students is p = 350 - Qc.
The demand curve for other town residents is Qt = 350 - 2p.
What is the inverse demand curve for other town residents?
The inverse demand curve for other town residents is p = 175 - 0.5 Qr
The inverse demand curve for other town residents will be,
Given, Qc = 350-p
Inverse demand function
P= 350-90
The demand curve of other town residents
Qs = 250-2P
Then the inverse demand curve is
2P = 250-QF
P =125-0.5QF
P = 125 - 0.5QF
What is a demand curve?The demand curve is a graphical representation of the relationship between the price of a good or service and the quantity demanded for a given period of time.
Hence, by the above solution, the inverse demand curve for other town residents will be 125 - 0.5QF.
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why family members left their family business and start their own business
