which factors explain labor productivity? group of answer choices technological change and the quantity of labor per hour worked diminishing returns and the quantity of labor per hour worked diminishing returns and the quantity of capital per hour worked technological change and the quantity of capital per hour worked
Answers
The factors that explain labor productivity are: technological change and the quantity of capital per hour worked. The option "technological change and the quantity of labor per hour worked" is not correct.
This is because an increase in labor hours without any technological change or investment in capital equipment would result in a decrease in labor productivity.
Similarly, the option "diminishing returns and the quantity of labor per hour worked" is not correct. This is because diminishing returns states that output increases at a decreasing rate as additional units of input are added. Hence, an increase in labor hours without any increase in capital would also lead to diminishing returns.
Lastly, the option "diminishing returns and the quantity of capital per hour worked" is also incorrect. This is because the quantity of capital per hour worked would only affect labor productivity if there is a technological change. Otherwise, increasing the quantity of capital would also lead to diminishing returns. Hence, the correct option is "technological change and the quantity of capital per hour worked".
Technological change can increase labor productivity as it enables the same amount of input (e.g. labor hours) to produce more output (e.g. goods and services). Investment in capital equipment can also increase labor productivity as it enables workers to produce more output per hour.
To know more about labor productivity refer here :
https://brainly.com/question/15403244#
#SPJ11
Related Questions
memorandum of association can be amended by
Answers
Answer:
Explanation:
A company's Memorandum of Association may be changed by the shareholders passing a special resolution in a general meeting or by written resolution. A copy of the resolution must be sent to Companies House within 15 days.
do you prefer to retrain the staff you currently have, or would you rather replace existing staff with people who have more ai experience?
Answers
The decision of whether to retrain existing staff or replace them with individuals who have more AI experience depends on various factors, including the specific needs and goals of the organization, the current skills and capabilities of the staff, the availability of resources for training or hiring, and the overall strategy of the organization.
Retraining existing staff can have advantages as it leverages their existing knowledge and experience within the organization. It can also boost employee morale and loyalty. However, it may require time, investment, and ongoing support to ensure a successful transition.
On the other hand, hiring new staff with more AI experience can bring fresh perspectives, specialized skills, and knowledge to the organization. It can accelerate the adoption of AI technologies and enable the organization to stay competitive in the rapidly evolving field of AI. However, hiring new staff may involve recruitment efforts, onboarding, and potential challenges in integrating them into the existing team.
Know more about AI experience here:
https://brainly.com/question/30090580
#SPJ11
A firm's opportunity costs of production are equal to its?
Answers
A firm's opportunity costs of production are equal to its explicit costs plus implicit costs plus total revenue.
What is opportunity cost?This is the alternative that is foregone by a person due to the fact that they have made another choice.
In the firm the opportunity cost of production is equal to explicit costs plus implicit costs plus total revenue..
Read more on opportunity cost here:
https://brainly.com/question/1549591
#SPJ1
The firm's opportunity cost of production comprises implicit costs and explicit costs
C) explicit costs + implicit costs
What is opportunity costs of production?
The opportunity costs of production is the sum of the firm's implicit and explicit costs.
Implicit costs refer to benefits forgone, the benefits the firm has to forgo in order to produce its output, whereas explicit cost means out of pocket expenses, when both are added together, it gives the firm's opportunity cost of production.
The question is missing the following options:
A) explicit costs only
B) implicit costs only
C) explicit costs + implicit costs
D) explicit costs + implicit costs + total revenue
Find further explanation on opportunity costs in the link below:
https://brainly.com/question/24331696
#SPJ1
in which of the following circumstances is a strategy to be the industry's overall low-cost provider not particularly well-matched to the market situation? when the offerings of rival firms are essentially identical and readily available from many eager sellers when there are few ways to achieve differentiation that have value to buyers when price competition among rival sellers is especially vigorous when buyers have widely varying needs and special requirements, and the prices of substitute products are relatively high when the majority of industry sales are made to a few, large-volume buyers
Answers
A strategy to be the industry's overall low-cost provider may not be particularly well-matched to the market situation when buyers have widely varying needs and special requirements, and the prices of substitute products are relatively high.
This is because, in such a situation, buyers are willing to pay a premium for products that meet their specific needs and requirements. Therefore, a low-cost provider may not be able to differentiate its offerings from its rivals and may not be able to capture a significant share of the market. In addition, if there are only a few, large-volume buyers in the industry, they may have significant bargaining power and may demand customized solutions that a low-cost provider may not be able to provide. In such a scenario, it may be more effective for a company to focus on product differentiation and offering unique value propositions that appeal to specific segments of the market.
To know more about low-cost
https://brainly.com/question/29988266
#SPJ11
The primary objective of U.S. antitrust laws is to a. protect consumers from high prices and foreign products. b. distinguish competitive strategies that enhance consumer welfare from those that reduce it. c. protect employees. d. promote strategies that enhance business welfare over consumer welfare. e protect domestic businesses.
Answers
The primary objective of U.S. antitrust laws is to distinguish competitive strategies that enhance consumer welfare from those that reduce it. Option b is correct.
Antitrust laws are regulations designed to promote fair competition within the market and to prevent monopolies and anti-competitive practices. These laws aim to ensure that consumers have access to a wide range of products and services at competitive prices. By doing so, antitrust laws ultimately promote consumer welfare and market efficiency.
To distinguish between competitive strategies that enhance consumer welfare and those that reduce it, antitrust laws focus on identifying and prohibiting practices that unfairly limit competition, such as price-fixing, market allocation, and collusion. They also prevent mergers and acquisitions that could lead to monopolistic power and result in decreased consumer choice or higher prices.
By encouraging fair competition and preventing anti-competitive behavior, antitrust laws create an environment in which businesses must continually innovate and improve their products or services to remain competitive. This drives the economy forward and benefits consumers with better quality and more diverse options.
In summary, U.S. antitrust laws aim to promote consumer welfare by ensuring that businesses compete fairly, resulting in a dynamic market with a wide range of choices and competitive pricing for consumers. Option b is correct.
To learn more about antitrust laws, visit: https://brainly.com/question/13800256
#SPJ11
Which of the following is not the process of financial management? A Evaluating financial status B Setting goals C Record monthly expenses D Creating financial plan
Answers
Answer:
C) Record monthly expenses
Explanation:
The law of supply tell us there is a negative, or inverse relationship between:_____.
a. the price of a good and the quantity supplied.
the higher the price, the lower the quantity supplied.
that as the price of a good increases, producers will increase the quantity supplied.
the positive relationship between the price of a good and quantity demanded by consumers.
Answers
Explanation:
the positive relationship between the price of a good and quantity demanded by consumers.
According to republican thought:___.
a. The business of government was to help, not regulate, business.
b. Upper classes were best qualified to lead governments.
c. Republics failed because citizens lost their virtue.
d. Government involvement in business led to bloated budgets and social engineering.
Answers
Hope it helps
although using a multi-car insurance policy can be a great way to reduce premium costs, when does bundling actually increase rates
Answers
Bundling multiple insurance policies, such as home and auto insurance, is generally known to provide cost savings.
However, there are certain situations when bundling may actually increase rates: Coverage Needs: If the coverage needs for different policies vary significantly, bundling them together may result in higher premiums. For example, if you have a high-value home that requires extensive coverage, bundling it with a standard auto insurance policy may increase the overall premium. Claims History: If you have a history of claims for a specific type of insurance (e.g., multiple auto accidents), bundling additional policies with that type of insurance could potentially increase rates. Insurers consider your claims history when determining premiums, and if the bundled policies are perceived as higher risk, rates may go up. Different Insurance Companies: Bundling policies from different insurance companies may not always lead to cost savings. Some insurance companies offer substantial discounts for bundling their own policies, so combining policies from separate insurers may result in higher rates compared to individual policies from each company. Credit Score Impact: Some insurance companies take into account credit scores when calculating premiums. If bundling policies affects your credit utilization or credit mix unfavorably, it could result in higher rates.
Learn more about insurance companies here:
https://brainly.com/question/22470743
#SPJ11
As a recent college graduate, Jonah started working for an export trading company. His job has already taken him around the globe, including Asia on several occasions. He was amazed to see the difference in working conditions in the developing nations he visited, as opposed to similar operations in the United States. The expectations of workers were not the same. Jonah's experience is an example o
Answers
Answer: social responsibility differences between similar firms, but in different countries.
Explanation:
From the information given, we can deduce that Jonah's experience is an example of social responsibility differences between similar firms, but in different countries.
The difference in working conditions in the developing nations he visited, is due to the social responsibility as this has resulted in a positive impact on the society as whole.
20 POINTS AND WILL GIVE BRAINLY
PLS ANSWER
Answers
Based on the graph shown above, which of the following is the equallibrium quantity and price at which the compony should sell the truck
Answers
Based on the graph shown above, the following is the equilibrium quantity and price at which the company should sell the truck: option B. 300 trucks at $6 per truck
What is an equilibrium quantity and price?In economics, an equilibrium quantity and price refers to a state in which the quantity of a good or service that a seller is willing to supply is equal to the quantity that a buyer is willing to demand, and the price at which this transaction occurs is the equilibrium price. This is also known as market equilibrium.
At the equilibrium price, there is no surplus or shortage of the good or service, and the market is said to be in balance. If the price is higher than the equilibrium price, there will be a surplus of the good or service, and if the price is lower than the equilibrium price, there will be a shortage.
The equilibrium quantity and price are determined by the interaction of supply and demand in a market. When the supply and demand curves intersect, the equilibrium quantity and price are established.
Therefore, the correct answer is as given above
learn more about equilibrium quantity and price: https://brainly.com/question/22569960
#SPJ1
The complete question goes thus:
A toy company created a new truck to offer to consumers.
Based on the graph shown above, which of the following is the equilibrium quantity and price at which the company should sell the truck?
A. 200 trucks at $8 per truck
B. 300 trucks at $6 per truck
C. 400 trucks at $8 per truck
D. 200 trucks at $4 per truck
The class trip is going to cost each of the fifty
students $130.00. If tax is 5%, what is the total
cost for the entire class?
Answers
Answer:
$6,825.00
Explanation:
50x$130=$6,500.00
$6,500 × 5% = $325.00
$325.+$6,500=6,825.00
what is human capital?group of answer choicesmanufactured goods that are used to produce other goodsaccumulated knowledge and skills acquired by a workerthe manager or owner of a businessa slang term for the underground labor market
Answers
Human capital refers to the accumulated knowledge and skills acquired by a worker over time. It includes both formal education and practical experience. This term recognizes that an individual's capabilities and expertise contribute to their productivity and overall value in the labor market.
Unlike physical capital, such as machinery or equipment, human capital is intangible and resides within individuals. It can be enhanced through continuous learning, training, and professional development. The more knowledge and skills a worker possesses, the greater their potential to contribute to economic growth and innovation.
Investing in human capital is crucial for individuals, organizations, and economies as a whole. It leads to increased productivity, better job performance, and improved competitiveness. Additionally, human capital plays a significant role in reducing poverty, promoting social mobility, and enhancing the overall well-being of individuals and communities.
In summary, human capital encompasses the accumulated knowledge and skills of individuals, which are essential for economic growth and development. It is a valuable asset that can be improved through education, training, and experience.
To know more about market visit:
https://brainly.com/question/15483550
#SPJ11
Total sales, budget expenditure, and the number of claims processed are all examples of?.
Answers
Total sales, budget expenditure, and the number of claims processed are all examples of objective performance appraisal criteria.
Identifying employees' strengths and weaknesses in order to place the right men in the right jobs. Maintaining and assessing a person's potential for growth and development. To provide employees with information about their performance as well as related status. An objective performance measure is a way to determine how well a person, team, or organization completes tasks or achieves goals.
It is also referred to as key performance indicators (KPIs). Depts within an organization frequently assign specific KPIs to employees based on their activities. Total sales, budget expenditure, and the number of claims processed are its examples.
Learn more on key performance indicators here:
https://brainly.com/question/23730813
#SPJ4
in the planning process, what is the role of strategic goals and plans?
Answers
Strategic goals and plans play a critical role in the planning process of an organization. They provide a clear direction and vision for the organization to achieve its long-term objectives.
The strategic goals and plans define the overall purpose and scope of the organization, its values, and its desired outcomes. They also provide a roadmap for the organization to align its resources and efforts toward achieving its goals.
In the planning process, strategic goals and plans provide a framework for decision-making and resource allocation. They help identify areas of focus, prioritize initiatives, and guide the allocation of resources toward achieving specific outcomes. This enables organizations to make more informed decisions and use resources effectively and efficiently.
Moreover, strategic goals and plans provide a basis for measuring and evaluating the performance of an organization. They define clear, measurable targets and outcomes, which allow organizations to monitor progress toward achieving their goals and assess the effectiveness of their strategies.
To learn more about the planning process
https://brainly.com/question/30584184
#SPJ4
T-Accounts have which of the following as their basis?:
A. Left-to-Right Method
B. Generally Accepted Accounting Principles
C. Fundamental Accounting Equation
D. Single Entry Method
Answers
The basis of T-Accounts is the Fundamental Accounting Equation. This equation represents the relationship between assets, liabilities, and equity, and is expressed as follows: Assets = Liabilities + Equity. The answer to your question is C.
T-Accounts are used to visually represent the transactions and changes in these three elements, with the left side representing the debits and the right side representing the credits. The use of T-Accounts is in accordance with Generally Accepted Accounting Principles, which outline the standard practices and procedures for financial reporting.
The correct answer is C. Fundamental Accounting Equation. T-Accounts are based on the Fundamental Accounting Equation, which is Assets = Liabilities + Owner's Equity. This equation forms the basis for recording and analyzing transactions in double-entry bookkeeping, where every transaction affects at least two accounts - one on the debit side (left) and one on the credit side (right).
To know more about T-Accounts,visit:-
https://brainly.com/question/28936670
#SPJ11
You're been placed in charge of all promotion for a product that has common appeal in different cultures around the world. You'll most likely engage in a promotion.
Answers
Answer:
True
Explanation:
A product that has common appeal in different cultures around the world would indeed require engaging in promotion. Why? Because each culture may have unique consumer behaviors.
For example, a popular product like Coke that has common appeal in different cultures around the world often engages in promotion in order to still keep existing customers and to acquire new ones because of the presence of other competitors.
On January 1, the first day of the fiscal year, a company issues a $1,450,000, 5%, five-year bond that pays semiannual interest of $36,250 ($1,450,000 × 5% × ½), receiving cash of $1,408,720.
Answers
Complete Question:
On January 1, the first day of the fiscal year, a company issues a $1,450,000, 5%, five-year bond that pays semiannual interest of $36,250 ($1,450,000 × 5% × ½), receiving cash of $1,408,720
Journalize the first interest payment and the amortization of the related bond discount using the Straight line method
Answer:
Kindly check Explanation
Explanation:
Given the following :
Face value of bond issued = $1,450,000
Cash received on Issuance = $1,408,720
Number of Interest payment on bond = 5 × 2 = 10(semiannual)
Therefore, discount on bond :
$(1,450,000 - 1,408,720) = $41,280
Spreading or amortizing diacou t on bond over the bond duration (use te straight line method)
Discount / period
$41,280 / 10 = $4,128
Interest expense a/c Dr $40,378
To discount on bond payable a/c Cr $4128
To cash a/c $36,250
Consider the supply of goods in a perfectly competitive industry. Will supply in the short run be more elastic or less elastic than in supply in the long run?.
Answers
The supply in the short run will be more elastic.
What is short run?According to the concept of the short run, some inputs will be constant while others will be variable within a specific time frame in the future. It expresses the notion that an economy responds to particular stimuli differently depending on the amount of time it has to do so. The term "short run" does not refer to a precise amount of time, but rather to the business, sector, or economic component under investigation.As a constraint, the short run is different from the long run. Leases, contracts, and wage agreements restrict a company's capacity to alter production or wages in the near term to maintain a rate of profit. There are no fixed costs in the long run; costs are in balance when a firm's outputs combine to provide the desired quantity of the commodities at the lowest cost.In the event that a hospital's year-long contracts with all of its doctors, nurses, and technicians result in lower than anticipated demand, the facility will be forced to forgo some of its earnings. In the long run, businesses in capital-intensive sectors like oil and mining can adjust their operations in factories or investments to match shifting demand. However, they lack the same level of flexibility in the short term to take advantage of shifts in demand.To learn more about short run, refer to
https://brainly.com/question/29023896
#SPJ4
Cash received prior to delivering a product or performing a service is called a(n) a.unearned asset. b.unearned revenue. c.unearned expense. d.unearned contra-asset.
Answers
The correct answer is b. unearned revenue.
Unearned revenue, also known as deferred revenue or advance payments, refers to the cash a company receives from its customers for goods or services that it has not yet delivered or performed. Unearned revenue is considered a liability on the company's balance sheet until the work is completed or the product is delivered, at which point it becomes revenue that can be recognized on the income statement.
Unearned revenue is commonly found in industries such as software and subscription-based services, where customers pay upfront for future access to products or services. It's essential for companies to properly account for unearned revenue to avoid overstating their revenue and profits in a given period.
When a company receives unearned revenue, it records it as a liability on its balance sheet and recognizes it as revenue on the income statement when the associated goods or services are provided. The amount of unearned revenue decreases over time as the company fulfills its obligations to its customers.
In summary, unearned revenue represents cash received by a company before it delivers a product or service to its customers, making it a liability on the company's balance sheet until the related revenue is recognized on the income statement.
learn more about unearned revenue here
https://brainly.com/question/30637807
#SPJ11
Kelly county, in state a, is located adjacent to the border of state b. The communities located in kelly county are principally suburbs of scarletville, a large city located in state b, and therefore there is a large volume of traffic between that city and kelly county. While most of that traffic is by private passenger automobiles, some of it is by taxicabs and other kinds of commercial vehicles
Answers
Although it is unclear what precise query you have regarding this material, the following are some possible areas for conversation or investigation:
The social and economic ties that exist between Kelly County and Scarletville, as well as how they impact the locals and companies there.The area's transportation system and traffic patterns, including the effect of heavy traffic on neighbourhood roads and interstates and the possibility of congestion, mishaps, or other issues.The function of taxis and commercial vehicles in providing transportation services to locals and guests in Kelly County and Scarletville, as well as the difficulties and opportunities these companies confront in a market that is intensely competitive and undergoing rapid change.The possibility for Kelly County and Scarletville to work together on matters like public safety, economic growth, and transportation planning.Learn more about Automobiles here:
https://brainly.com/question/1193772
#SPJ4
One striking aspect of the Lowell factories was: Group of answer choices their employment of young single women. their minimal impact on natural surroundings. the happiness of their workers. the superior quality of their products. that they paid workers in stocks.
Answers
One striking aspect of the Lowell factories was A. their employment of young single women.
The Lowell factories, part of the Industrial Revolution in the United States, were established in Lowell, Massachusetts, during the early 19th century. These textile mills were unique at the time, as they specifically targeted young, unmarried women from rural areas as their primary labor force. This strategy was known as the "Lowell System."
The employment of young single women at the Lowell factories provided them with an opportunity for financial independence and personal growth, which was uncommon for women during that period. These women, often referred to as "Lowell Mill Girls," lived in supervised boarding houses and were subjected to strict moral codes and rules. Their wages were relatively competitive, allowing them to support themselves and their families.
Despite facing long working hours and challenging conditions, the Lowell Mill Girls made significant contributions to the American labor movement. They formed the first union of working women in the United States, advocating for better working conditions, wages, and educational opportunities.
In summary, the Lowell factories were notable for their employment of young single women as part of their innovative labor system. This approach offered a rare chance for financial independence and personal development for women in the early 19th century while also playing a crucial role in the broader labor movement. Therefore, the correct option is A.
The question was incomplete, Find the full content below:
One striking aspect of the Lowell factories was: Group of answer choices
A. their employment of young single women.
B. their minimal impact on natural surroundings.
C. the happiness of their workers.
D. the superior quality of their products.
E. that they paid workers in stocks.
Know more about Lowell Mill Girls here:
https://brainly.com/question/11520057
#SPJ11
what is 10+10 im having troubles help
Answers
Answer:
20
Explanation:
Simple
10 + 10 = 20
Answer:
20 lolbajahajwbwiqbqn
two rivers that helped China develop
Answers
primero el rio Amarillo (Huang He) en el norte, y más tarde el Yangtze en el sur.
Two great rivers run through China Proper: the Yellow River in the north, and the Yangtze (or Yangzi ) River to the south
Five years ago Thompson, an investor, ran across a board game that he enjoyed and believed the game would become very popular. He purchased 1,000 shares of the corporation that publishes the game. Unfortunately, the game was too complex for most casual game players and sales never amounted to much. Over the five years, the stock of the publisher has remained steady, but has not increased in value. This is an example of
Answers
This is an example of Business risk.
Business risk is the business a company Invested their money into which later reduce their profit or become unsuccessful.
A company or organization that enter into business in which they are unable to gain that financial target they aim for after investing their money into the business is known as business risk.
Any Business a person, company or organization choose to enter into is a risk as you cannot actually predict what the outcome will be as to whether it will lead to financial gain or loss until you start the business.
Inconclusion This is an example of Business risk
Learn more about Business risk here:
https://brainly.com/question/17893150
Answer:
Business Risk! Believe it!
Explanation:
Question 9 of 10
Stiviko's approved work plan included 4 technicians to create 200 web pages
over 5 days. What was the unit metric for the production work?
O A. 10 pages per technician per day
B, 40 pages per technician per day
C. 20 pages per technician per day
D. 400 web pages per week
SUBMIT
PREVIOUS
Answers
Answer:
A.
Explanation:
they make 40 a day because 200 / 5 = 40
PLEASE HELP ASAP!! CORRECT ANSWER ONLY PLEASE!!!Type the CORRECT answer in the box.
Round your answer to the nearest hundredth, if necessary.A basket of goods costs $85 in year 1. If the same basket costs $90 in year 2, what is the CPI for year 2?
The CPI for year 2 is ___.
Answers
Answer:
105.88
Explanation:
The consumer price index measures the changes in price of a basket of good. It is used to measure inflation.
CPI = Current year price / base year price x 1000
90/85 x 100 = 105.88
Answer:
105.88
Explanation:
Four year universities are the only type of school worth attending. True False
Answers
Answer:
false
Explanation:
Answer:
false
Explanation:
there are a number of other reliable schooling options
define the meaning of a gross salary
Answers
Answer:
here
Explanation:
To calculate an employee's gross pay, start by identifying the amount owed each pay period. Hourly employees multiply the total hours worked by the hourly rate plus overtime and premiums dispersed. Salary employees divide the annual salary by the number of pay periods each year. This number is the gross pay
Answer:
gross salary is the individual's total pay from his or her employer before taxes
Explanation:
Gross income for an individual—also known as gross pay when it's on a paycheck—is the individual's total pay from his or her employer before taxes or other deductions. This includes income from all sources and is not limited to income received in cash; it also includes property or services received.