Explain the law of diminishing marginal returns, Managerial Economics

1. Define 'Arc Elasticity'.
2. Explain the law of 'Diminishing marginal returns'.
3. What is 'Prisoner's Dilemma', of non cooperative game?
4. What is 'Third degree Discrimation'?

Posted Date: 3/13/2013 3:13:49 AM | Location : United States







Related Discussions:- Explain the law of diminishing marginal returns, Assignment Help, Ask Question on Explain the law of diminishing marginal returns, Get Answer, Expert's Help, Explain the law of diminishing marginal returns Discussions

Write discussion on Explain the law of diminishing marginal returns
Your posts are moderated
Related Questions
Marginal Revenue (MR) This is the increase in Total Revenue resulting from the sale of an extra unit of output.  Thus, if TR n-1 is Total Revenue from the sale of (n-1) units

Long-Term Policies One long term option of tackling balance of payments deficit is export promotion .  In the long run this is the best method of improving a balance of payme

A risk-neutral agent's working life has two periods. In each period, the agent can provide high effort (at personal cost $2,000) or low effort (at zero personal cost). In a given p

The nature and function of money The development of money was necessitated by specialization and exchange.  Money was needed to overcome the shortcomings and frustrations of t


Search Theory and Unemployment   You must understand the search and matching theories of unemployment in  the context of other theories of unemployment. With this objective  in

Buffer stocks and stabilization funds In this case the government buys up part of the supply when output is excessive, stores this surplus, and resells it to consumers in time

1. What does a MNC have to consider that a domestic company does not, and how does this impact capital budgeting? in addition to the complications encountered in doing a capital bu

Determinants of Demand Price elasticity of demand fluctuates from commodity to commodity. Whereas the demand of some commodities is highly elastic, demand for others is highly

CENTRAL BANK A modern central bank performs so many functions of different nature that it is difficult to give any brief yet accurate definition of a central bank. Any definiti