The given case of a tailoring company producing more output from doubled input exhibits an economic concept called 'Increasing returns to scale'. This is often found in industries where higher scale allows for division of labor leading to more productivity.
Explanation:Your tailoring company is demonstrating increasing returns to scale. This economic concept applies when the output increases by a greater proportion than the increase in inputs (capital and labor in your case). Initially, you had two workers producing 10 shirts a day. When you doubled your inputs, meaning you now have four workers and double the capital, the production increased to 22 shirts, which is more than double the initial output. One contributing factor could be that the additional workers and capital allowed for more efficient production processes, resulting in greater output. Remember that increasing returns to scale typically do not continue indefinitely, and after a certain point, you may see diminishing returns to scale. Examples of increasing returns to scale are often found in industries with high fixed costs or where a larger scale allows for specialization and division of labor, leading to higher productivity.
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During a recession, median income falls by 15%. if the demand for grapes falls by 12%, grapes are a(n) _____ good with an income elasticity of demand of
Angie asks her grandmother over the phone, "do you like the color of my new shirt that i'm wearing now?" this is an example of
If i don't talk for awhile can i learn how to talk in a girl voice
Answer: bro- pretty sure it would take practice not just not taking-
Explanation: also why do you want to sound like a girl if you don’t mind me asking? -v-
Soybeans are an important ingredient for what kind of school supply?
What are the pros and cons of being a single decision-maker?
The pros and cons of being a single decision maker are as follows:
Pros:
Prompt and quick decisionsRational decision makingEase of changesCons:
No discussionsNo assistanceOne sided opinionWhat is meant by decision making?Decision making is the technique where an individual or a group of people takes a decision on a matter or in particular situation. it can be good or bad depending on the perspective of a person.
The pros and cons of decision making are explained as follows:
Pros :
If an individual takes a decision, then it has the sole authority to decide what is right or what is wrong which leads to quick decisions.The decision taken by a person is generally to be logical and not biased.He/she can made changes to the decision at anytime without asking opinion from anyone.Cons:
Being a single decision maker, he/she doesn't have anybody with whom he/she can discuss especially when they are stuck in some conflicting situation.There is no other individuals from whom they can take help over the situation which also make them feel lonely at times.In single decision making, the decisions are always been thinking from one self thoughts and no advices or viewpoints of other persons which created conflicts.Therefore, the pros and cons are being explained as above in respect of single decision maker.
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Which sections are part of a career plan? Select all that apply.
.career definition
.career requirements
.current status
.short-term goals
.intermediate goals
.economic obstacles
In 2017, a marketing manager for new balance's minimus golf shoe needs to forecast sales through 2019. she begins with the known totals for 2016 and adjusts for positive factors like acceptance of new high-tech designs and great publicity, and for negative factors like the stagnant economy and predicted moves by the competition. this type of forecast is referred to as
You will do best if your keep your sales call under
You will do best if you keep your sales call under 10 minutes.
Prospects are often busy, and a short, focused call shows respect for their time, making them more receptive to your message. A concise call forces you to focus on the most important points and deliver them clearly. This helps avoid overwhelming the prospect with too much information.
This allows you to effectively communicate your key points and value proposition while respecting the prospect's time. Keeping the call concise helps maintain the prospect's interest and increases the likelihood of securing a follow-up meeting or action.
The abc company wishes to retire a $7,000,000 bond 10 years from now. what single deposit should they make in the bank today in order to retire the bond if they can earn 8% annually on its investment?
Brianna received an overall iq score of 117 on the wechsler scale. this number means that brianna has scored more than ________ standard deviation(s) above the mean iq score of ________.
The answers in the spaces provided in the question above are the following, 1; 100. The number means that Brianna has scored a total of 1 in the standard deviation which is above the mean IQ score of one hundred.
Mark and Sam are both in fourth grade. Mark's parents earn a high income and Sam's parents earn a low income. In which domain do Mark and Sam likely have similar test scores?
What often caused enslaved africans to work slowly or peform their jobs incorrectly?
Hom corporation acquired a computer on january 1, 2011, for $10,000,000. the computer had an estimated useful life of six years and $1,000,000 estimated salvage value. the firm uses the straight-line depreciation method. on january 1, 2013, thom corporation discovers that new technologies make it likely that the computer will last only four years in total and that the estimated salvage value will be only $600,000.what is the amount of depreciation expense for 2013 for this change in depreciable life and salvage value assuming that the change does not represent an impairment loss
The number of accidents that occur annually on a busy stretch of highway is an example of:
The person responsible for having the shipping papers on a ship carrying hazardous cargo is the
The management is thinking of joining hands with its one time rival, cg-vak software, in order to gain access to new markets and technologies. by doing this, the organization is nurturing a ________.
If people spend 2/3 of any extra income they receive, new autonomous spending of $10 causes equilibrium to increase by
When a healthcare organization allows an unsafe condition to exist on its property and does nothing to address it and a visitor gets injured, the organization will be held liable because?
Jessica verbally agrees to sell her house to kandis, and kandis makes a $10,000 down payment, moves in, and begins the installation of a pool in the backyard. if jessica changes her mind seven months later and wants her house back, a court would likely find that:
The sierra club, which has more than 2 million members who each pay annual dues of about $30, is an example of
Around 1300 bce, what actions did the shang take to prevent their rivals from challenging their legitimacy
A _____ is the smallest possible group. select one:
a. triad
b. group of five
c. single person
d. dyad
The answer that will fit in the question above is letter d, dyad. Dyad is the smallest possible group out of all the given choices such as the triad, group of five and a single person because it is composed of only two members.
Last year, wesson company sold 10,000 units of its only product. if sales increase by 12% in the current year, how will unit variable cost and unit fixed cost be affected? unit variable cost unit fixed cost
a.remains constant remains constant
b.increases decreases
c.decreases remains constant
d.remains constant decreases
e.remains constant increases
Variable cost increases with increasing number of units, and also decreases with decreasing number of units. Therefore the unit variable cost is constant.
Meanwhile, fixed cost is not affected with the number of units produced. So the unit fixed cost is high when number of units is low, and low when number of units is high.
Answer:
d.remains constant decreases
Emily/red sued document security company, alleging he had suffered injuries to his hands as a result of attempting to fix a jam in one of document security's paper shredders. fred alleged the shredder was defective because it failed to contain warnings regarding the dangers to fingers and hands while attempting to fix jams. in order to succeed, fred will have to show that:c while driving a car manufactured by toyosan, suffered a side impact collision from another driver. despite the fact that toyosan's air bag deployed, emily hit her head against the steering wheel, causing damage to her face and teeth. if emily sued toyosan for strict product liability, the court would likely conclude that:
All of the following might be determined by the Franchiser in franchise agreement except.
the prices for products
the names on the employees name tags
the layout of the restaurant
the suppliers for the restaurant.
Why is a firing a family member who is an employee different from firing an unrelated employee?
It can cause tension in or harm family relationships.
Families are more likely to work out problems together.
It is not possible to fire an employee in a family business.
Family owned businesses have different regulations than other businesses.
Buying insurance helps business in which of the following ways?
It lowers the cost of running a business.
An attorney should be consulted when purchasing it.
It can cover many of the costs if a disaster occurs.
All of the above
Expansions will always come with with additional expenses
True
False
It is often easier for a brand-new business to get a loan than an existing business.
True
False.
An example of a uncontrollable risk is?
A change in government regulations.
Choosing the location for the business.
Raising prices in the business.
Entering into a franchise agreement.
Which of the following is a challenge that could come with buying an existing business.
The customers may resist change.
The business may have a bad reputation.
Experienced staff might leave.
all of the above
How involved the corporation is in running a franchise is determined by.
The franchise agreement.
The franchise owner.
the Customers.
Other franchises.
Which of the following is a potential consequence if a business has more clients than it can handle?
It may be purchased by another business.
It may lose clients.
It may be forced to lose.
It may get many customer referrals.
All of the following are uninsurable risks except.
lack of customers.
a flood
poor management
unproductive employees
Once a business owner proves that a franchise is successful, his or her franchise will be automatically be renewed.
True
False
1. The prices for product
The price of products in a franchise would always be determined by the owner of the franchisee.
In the end Franchise is a method for the franchisee to earn more profit with less management. The franchisee need to determine the price of the products to maintain the profit level.
on top of that, the franchise could have a bad reputation among customers if the price levels are different from one store to another.
2. It can cause tension in or harm family relationships.
Firing would most likely be taken personally by the employees. If that employees is someone form our family, the tension could be extended to our personal life since we are most likely to see that family member again on several different occasions.
3. It can cover many of the costs if a disaster occurs.
The cost from disaster could be extremely huge because it could potentially destroy large number of our assets on a single occasion.
Buying insurance for such disaster could be economically beneficial because the insurance expense only a small compared to the financial loss that might occurs because of the disasters.
4. True
When a company want to expand, this mean that the company would have to handle more consumers. When this happen, the company needs additional expense to hire more workers to handle increasing consumers.
On top of that , the company would also need more equipment and space to be able to increase the amount of goods it can produce.
5. False
Brand-new business often seen as very risky by loan providers since they do not have enough data to assess the owner's ability and how the market would respond.
An existing business on the other hand, tend to have several tracks records that can be used to analyze the risk. Because of this, existing business tend to be seen as more favorable for credit providers,
6. A change in government regulations
Uncontrollable risks refers to the type of risk that cannot be predicted and influenced by the decisions of the company. A change in government regulations is a result of Congress that elected by the majority of the people. The only thing that the company could do is adapt to the changes.
7. All of the above
When we buy an existing businesses, many of the customers would fear that the quality of the product/services would change in our management. This might cause them to move to the competitors. On top of that, experienced staff might have some sort of emotional connection with the previous owners. So , there is a chance that they might leave us to join other projects started by the previous owners.
8. The franchise agreement.
The franchise agreement would clearly specify the things that the corporation can and cannot do during the franchise relation. Some corporation might require the franchiser to follow all the orders made by the franchisee while other corporations might give total freedom for the franchiser to manage their stores.
9. It may lose clients.
When business have more clients than they can handle, a lot of those clients would be neglected since the businesses do not have enough resources to serve those customers.
This would make those clients felt dissatisfied or offended and choose to give their money to the competitors.
10. a flood
In business, a risk would be considered as 'uninsurable' if the insurance provider has a high chance of losing their money
Damage from natural disaster is very unlikely to occur to their clients, which is why many insurance companies would still provide coverage for flooding.
11. False
Even if the franchise is successful there might be other factors that can make the franchisee unable to continue the contract.
For example, the country of the franchiser could change its tax law into something that is seen as unfavorable by the franchisee and force them to move out from the country.
Most of the current and future world population growth is occurring in which part of the world?
Increasing the effectiveness of internal controls would have the greatest effect on
The advantage of using __________ is that they provide efficiency, primarily in agricultural markets.
Which is determined by the census that is taken every 10 years?
When trying to identify material that has been delivered by truck, one common difficulty you may encounter is that the?