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The marginal product of any input in the production process is the increase in the quantity of output produced from one additional unit of that input. According to the Law of Diminishing Returns, the marginal product of an input declines as the quantity of the input increases over time, other factors remaining the same. In the workplace, you often see diminishing marginal product, where the additional output produced per worker drops as they perform their jobs over time. As a manager, what are some practical things you could do to raise marginal product per employee that also benefit the firm? In your answer use a company you currently work for or one you worked for in the past. Give specific examples and discuss how diminishing marginal productivity affect marginal revenues and profits of firms.
Write a 750-word essay on how the Environmental Protection Agency's policies impact business in the United States.
be sure to explain your answers completely and show you read each article and thought about what it said.question1
Calculate the profit maximizing price and quantity of subscriptions for the U.K. and indicate each on the appropriate graph. Do the same for the U.S.
Suppose a firm has the following demand equation, Assume the company decreased the price to $2.50. Would this be beneficial? Explain. Illustrate your answer with the use of a demand schedule.
pollution is considered by most a negative externality. some economists would like to see the costs of these burdens
Determine whether each of the following would cause a shift of the aggregate demand curve, a shift of the aggregate supply curve, neither, or both. Which curve shifts, and in which direction What happens to aggregate output and the price level in..
corporations often use different costs of capital for different operating divisions. using an example calculate the
Sometimes market activities (production, buying, and selling) have unintended positive or negative effects outside the market's scope. These are called externalities. As a policy maker concerned with correcting the effects of gases and particulate..
zybeck corp. projects operating income of 4 million next year. the firms income tax rate is 40. zybeck presently has
go the web site containing the penn world table and collect data on real gdp per capita chained series for 19770 for
use the accompanying table to answer the following questions.quantityprivate socialcost cost benefit1 2 4 122 6 10
the following questions address some of the price and output decisions faced by firms other than those found in pure
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