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
Costs of Economic Growth (Increase in National Income) 1.     People living in industrial towns suffer from the effects of a polluted atmosphere. 2.     The manufacture of

asumption and limitation of increemrntal,oppurtunity cost

Let consider the following game among an employer (Katharine) and an employee (Kevin). Katharine needs Kevin to work hard rather than loaf around and  that is why she considers spe

Discount Rate (Bank Rate) This is the rate on central bank advances and is also called official discount rate or "minimum lending rate".  When commercial banks find themselves

Discuss and analyze following statement: When Burton Cummings graduated with honors from the Canadian Trucking Academy, his father gave him a $350,000 tractor-trailer rig. Rec

Real Vs Nominal GNP: "Deflating" by a price Index   One of the problems that confront economists when measuring GNP is that they have to use money as the measuring rod.  Thes

Define theVariable factor of production The input level of a variable factor of production can be diverse in the short run. Raw material inputs are believed as variable fact

Q. Explain about Utility analysis? A subset of consumer demand theory which analysis consumer behaviour and market demand employing marginal utility and total utility. Key prin

THE MONETARY ACCOUNT Also called official financing, this comprises the financial transactions of the government (handled by the central bank) needed to offset any net outflow

Demand for money   The demand for money is a more difficult concept than the demand for goods and services.  It refers to the desire to hold one's assets as money rather tha