What is the likely explanation for why output might not increase proportionately with the number of workers? a. the amounts of other inputs are held constant. b. the amounts of other inputs decrease. c. the production function exhibits decreasing returns to scale. d. the amounts of other inputs increase at a diminishing rate. e. the production function exhibits increasing returns to scale.

Which term refers to the cost that motivates an economic decision

T-comm makes a variety of products. it is organized in two divisions, north and south. the managers for each division are paid, in part, based on the financial performance of their divisions. the south division normally sells to outside customers but, on occasion, also sells to the north division. when it does, corporate policy states that the price must be cost plus 20 percent to ensure a "fair" return to the selling division. south received an order from north for 300 units. south's planned output for the year had been 1,200 units before north's order. south's capacity is 1,500 units per year. the costs for producing those 1,200 units follow

One pound of material is required for each finished unit. the inventory of materials at the end of each month should equal 20% of the following month's production needs. purchases of raw materials for february would be budgeted to be: