Answer:
Shill bidding
Explanation:
Shill bidding occurs when a seller takes on various digital identities by opening up several email accounts and bids on his or her own items multiple times to prompt genuine bidders to provide a much higher bid for an item than they would have done otherwise
How does the availability of economic resources in conjunction with the law of diminishing returns affect an entrepreneur's decisions?
Answer: A
Explanation:
According to the law of diminishing returns, the increase in output that results from adding a production factor is smaller. The law of diminishing returns aids the business in determining the ideal amount of output in production. This is so that the producer can determine whether or not the output has reached its maximum potential.
Why is the law of diminishing returns important?Because economists anticipate that a firm's short-run marginal cost curves would slope upward as the number of output units rises, the law of diminishing returns is significant because it forms part of the theoretical framework.
According to the economic theory known as the law of diminishing returns, as an investment in a certain area rises, the rate of profit from that investment can no longer rise if other factors remain constant after a certain point.
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Harriet is running a company that produces shoes. She had employed 100 workers in her factory and had the output of 300 shoes per week.
With 200 employees the output was 600 shoes per week. She then Increased the number of employees to 300. She found that the output only
Increased to 700. Which operational phenomena has Harriet observed here?
A.
economies of scale
OB.
law of diminishing returns
C. law of cost-price increase
D.
depreciation principle
E.
fluctuation correction
Answer:
B
Explanation:
It demonstrates law of diminishing returns. The law of diminishing marginal returns states that adding an additional factor of production results in smaller increases in output.
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Q. Keeping in mind the rural area to be targeted, being a marketing manager of xyz Co. Which proactive marketing would you use to serve the target audience? Justify
Answer: Use of Radio, Television, Billboards, magazine and newspaper
Explanation:
Proactive marketing marketing or advertising is advertising in areas or location that your product or service in the places where people are not already looking or asking. Example of proactive marketing strategies to use are Television, magazine, radio commercials, billboards. Radio, Television and billboards will travel faster, because they can see the billboards and Television, also majority use radio
Under what category of expense do manufacturing wages fall?
Answer:
Direct expenses
Explanation:
Manufacturing expenses are categorized into direct and indirect expenses.
Direct expenses are the costs that can be traced to a specific product or service. There are the expenses that relate to the production or provision of a particular good or service. Direct expenses include the cost of material, direct labor, and direct factory overhead costs.
Indirect expenses consist of operating expenses such as rent, administrative salaries, insurance, telephone, internet , and computer costs. These costs cannot be linked to a particular product.