Diminishing marginal returns, Microeconomics

law of diminishing marginal returns does not hold then output of the world can be produced in a flower pot. Explain?
Posted Date: 12/2/2012 4:43:02 PM | Location : Ghana







Related Discussions:- Diminishing marginal returns, Assignment Help, Ask Question on Diminishing marginal returns, Get Answer, Expert's Help, Diminishing marginal returns Discussions

Write discussion on Diminishing marginal returns
Your posts are moderated
Related Questions
Explain what economies of scale are and why they have become increasingly common in later years. Economies of scale - Enhance in fixed factors, but output enhances at a propo

1. Nonwage Determinants of Labor Supply Suppose that two jobs are exactly the same except that one is performed in an air-conditioned workplace. How could you measure the value wor

Criticisms of World trade organisation:   There are critics too of the WTO. It is believed that the WTO will emerge out destructive of biodiversity and people's livelihoods by

For the pizza seller whose marginal, average variable, and average total cost curves are shown in the following diagram, what is the profit-maximizing level of output and how much


How to calculate: fixed cost is $1,000,000 tvc $4,400,000, avc is $22, atc $27, worker productivity is 4. How do I calculate the profit or loss?

why does gap between the ATC curve and the AVC curve decreases as the level of output increases

Problem 1: How can a manager of a supermarket maximise total revenue using various concepts of elasticity of demand? Use examples to illustrate. Problem 2: What are the

#question.Now suppose nation A has RA resources in its treasury and nation B has RB resources. The winning coalition in each nation is WA and WB respectively. Leaders want to survi

During the 1990s, technological advance reduced the cost of computer chips. Explain, with the use of supply and demand diagrams, how the following markets are affected in terms of