Explain why is the marginal cost of inputs more important

Assignment Help Macroeconomics
Reference no: EM1331672

Marginal cost of inputs and average cost

If I increase the amount of pizza that I serve why will you experience diminishing returns?

Why is the marginal cost of inputs more important than the average cost of inputs?

 

Reference no: EM1331672

Questions Cloud

Effectively revamping an hr department : Create the specific job titles you would like to see in your HRM department. Describe why you selected those titles and what tasks to assign to each.
Create class complex for working with complex numbers : modify class Complex for working with complex numbers of the form a + bi, where i is square root of -1. Your class must have two overloaded operators for adding and subtracting the complex numbers.
Leader to manage across cultures : Why is it important for a leader to be able to manage across cultures?
A potential strategic alliance partner : From an ethical perspective, describe how much information is a firm obliged to tell a potential strategic alliance partner about what it expects to learn from the cooperative arrangement.
Explain why is the marginal cost of inputs more important : Explain why is the marginal cost of inputs more important than the average cost of inputs.
Corrections policy of community : Rehabilitation of offenders and Isolation of chronic offenders
Conflicting hrm systems : Show one conflicting HRM practice and recommend one or more alternative HRM practices that could appropriately minimize, or even eliminate, the conflict.
Differences between the java programming languages : What are the main differences between the Java programming language and the language discussed
An effective corporate strategy : Explain how an effective corporate strategy can help the company achieve its objectives.

Reviews

Write a Review

Macroeconomics Questions & Answers

  Circular flow of income model

In a simple model with no government or foreign sector, the amount of involuntary inventory accumulation at equilibrium is

  Effect of one time licensing fee on the firm

A firm in perfectly competitive 'industry has this cost function: TC = 900 + q^2-If market demand is QD = 1800 - 20P, what is the long-run equilibrium price, quantity produced by the firm and the industry, and the number of firms in the industry?

  Subsiquent is an example of an automatic fiscal stabilizer

E;lucidate whether each among the subsiquent is an example of an automatic fiscal stabilizer.

  Fiscal policy measures for economy operating

What are two possible fiscal policy solutions for the problem? Using a Keynesian approach, you should be able to get numerical solutions. More points are given for numerical solutions.

  Event article relates to government regulations

Maker an article or current event article which relates to government regulations or antitrust activities.

  Risk-averse von neumann-morgenstern perticular

Prove that a risk-averse von Neumann-Morgenstern perticular will over-insure, fully-insure, or under-insure according as the insurance is available

  Explain why would elasticity of demand be important

explain why would elasticity of demand be important to you in determining the products

  Explanation of how removing subsidy

Using the tools of analysis developed in this course, demonstrate that removing the subsidy will make consumers worse off but will nevertheless improve society economic welfare.

  Illustrate what is the expected interest rate

Illustrate what is the expected interest rate that will be charged by a bank that cannot exactly distinguish.

  Illustrate what would happen if prices were lowered

Illustrate What would happen if prices were lowered when demand was inelastic

  Calculating firms profit and output choice

Suppose that the software market currently has only one firm operating - microhard. A new firm Newvell could enter the industry.

  Determination of production function

You have been hired as a plant manager for a firm that produces widgets (Q) in Angola, Indiana. Widget production requires machine time (K) and labor time (L).

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd