Homework Answers
"C"
It will increase initially and after the diminishing return sets in it will start decreassing.
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QUESTION 13 As the amount of a variable input increases, while all other inputs are held...
As additional units of a variable input are added to one or more fixed inputs, the...
As additional units of a variable input are added to one or more fixed inputs, the marginal product of the variable input will: initially increase then decrease. initially increase and continue to increase. remain constant as long as production exhibits constant returns to scale. initially decrease and continue to decrease. initially decrease then increase.
9-12 If the selling price of an item increases, while all other costs are held constant,...
9-12
If the selling price of an item increases, while all other costs are held constant, the break-even point in units will: a. increase b. decrease c. remain unchanged d. depend on the original sales price 10. After all variable costs have been deducted from sales, the amount that is available to go toward covering fixed costs and ultimately, profits, is called: a. net sales b. gross profit C. gross margin d. contribution margin The level of sales necessary to...
1. In the case of a short-run production function: all of the inputs are variable. at...
1. In the case of a short-run production function: all of the inputs are variable. at least one of the inputs is fixed. the amount of labor employed is held constant. all of the inputs are fixed. 2. In the long-run production function, all of the inputs to the production process are allowed to vary. True False 3. In which of the following situations would a firm be more likely to rely on a capital-intensive method of production? When labor...
The marginal product of an input is: o total product divided by the amount of the...
The marginal product of an input is: o total product divided by the amount of the input used to produce this amount of output o the addition to total output when all inputs are increased by the same proportion. O the addition to total output due to the addition of one unit of all other inputs. o the addition to total output due to the addition of one more unit of an input, holding all other inputs constant.
Help Save & Exit When a company's Variable Cost Per Unit Increases while all other costs,...
Help Save & Exit When a company's Variable Cost Per Unit Increases while all other costs, volume, and selling price per unit remain unchanged, what is the impact on the company's contribution margin and net income for this change in variable cost per unit? Multiple Choice Contribution Margin: decrease: Net Income: Increase Contribution Margin: no impact: Net Income: Increase Contribution Margin: Increase: Net Income: decrease Contribution Margin: decrease, Net Income: decrease Contribution Margin: no impact: Net Income decrease A company...
8. Other things held constant, which of the following actions would increase the amount of cash...
8. Other things held constant, which of the following actions would increase the amount of cash on a company's balance sheet? a. The company increases its days sales outstanding. b. The company increases its inventory turnover rate. c. The company increases its expense. d. The company sees a decrease in accounts payable.
In this question, assume that all variables other than price and quantity are held constant. At...
In this question, assume that all variables other than price and quantity are held constant. At Betty's Burgers, the hamburgers have a price elasticity of demand = 4.55, and Betty increases her quantity sold by 65%. Betty must have increased the price of her burgers. Betty must have changed her price by (round your answer to one decimal) Due to the price change, Betty's total revenue will decrease. Patty's Putts increased the price of a round of miniature golf by...
14. If wealth increases, the demand for stocks and that of long-term bonds everything else held...
14. If wealth increases, the demand for stocks and that of long-term bonds everything else held constant. A) increases, increases B) increases, decreases C) decreases; decreases D) decreases, increases 15. Everything else held constant, if the expected return on U.S. Treasury bonds falls from 10 to 5 percent and the expected return on GE stock rises from 7 to 8 percent, then the expected return of holding GE stock relative to U.S. Treasury bonds and the demand for GE stock...
Question 13 1 pts If the length of a pendulum from its support to the center...
Question 13 1 pts If the length of a pendulum from its support to the center of the bob is held constant but the amplitude of the motion is decreased (but still small) the period of the pendulum increases stays the same decreases may increase or decrease Question 14 1 pts If the mass of a pendulum bob is held constant but the length of the string holding it is decreased the period of the pendulum increases stays the same...
The term variable costs refers to a. prices of inputs that vary a lot b. increases...
The term variable costs refers to a. prices of inputs that vary a lot b. increases in the prices of any input c. costs that vary with the type of final product being produced d. costs that vary with the quantity of output being produced
9-12
If the selling price of an item increases, while all other costs are held constant, the break-even point in units will: a. increase b. decrease c. remain unchanged d. depend on the original sales price 10. After all variable costs have been deducted from sales, the amount that is available to go toward covering fixed costs and ultimately, profits, is called: a. net sales b. gross profit C. gross margin d. contribution margin The level of sales necessary to...
The marginal product of an input is: o total product divided by the amount of the input used to produce this amount of output o the addition to total output when all inputs are increased by the same proportion. O the addition to total output due to the addition of one unit of all other inputs. o the addition to total output due to the addition of one more unit of an input, holding all other inputs constant.
Help Save & Exit When a company's Variable Cost Per Unit Increases while all other costs, volume, and selling price per unit remain unchanged, what is the impact on the company's contribution margin and net income for this change in variable cost per unit? Multiple Choice Contribution Margin: decrease: Net Income: Increase Contribution Margin: no impact: Net Income: Increase Contribution Margin: Increase: Net Income: decrease Contribution Margin: decrease, Net Income: decrease Contribution Margin: no impact: Net Income decrease A company...
8. Other things held constant, which of the following actions would increase the amount of cash on a company's balance sheet? a. The company increases its days sales outstanding. b. The company increases its inventory turnover rate. c. The company increases its expense. d. The company sees a decrease in accounts payable.
In this question, assume that all variables other than price and quantity are held constant. At Betty's Burgers, the hamburgers have a price elasticity of demand = 4.55, and Betty increases her quantity sold by 65%. Betty must have increased the price of her burgers. Betty must have changed her price by (round your answer to one decimal) Due to the price change, Betty's total revenue will decrease. Patty's Putts increased the price of a round of miniature golf by...
14. If wealth increases, the demand for stocks and that of long-term bonds everything else held constant. A) increases, increases B) increases, decreases C) decreases; decreases D) decreases, increases 15. Everything else held constant, if the expected return on U.S. Treasury bonds falls from 10 to 5 percent and the expected return on GE stock rises from 7 to 8 percent, then the expected return of holding GE stock relative to U.S. Treasury bonds and the demand for GE stock...
Question 13 1 pts If the length of a pendulum from its support to the center of the bob is held constant but the amplitude of the motion is decreased (but still small) the period of the pendulum increases stays the same decreases may increase or decrease Question 14 1 pts If the mass of a pendulum bob is held constant but the length of the string holding it is decreased the period of the pendulum increases stays the same...
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