Firm experiences decreasing marginal product of labor

Assignment Help Business Economics
Reference no: EM131101614

Suppose that a given firm experiences decreasing marginal product of labor with the addition of each worker regardless of the current output level. Average total cost will be A) rising at al points B) falling at all points C) constant D) U-shaped

Reference no: EM131101614

Questions Cloud

Profit-maximizing firms lack incentive to provide job safety : Evaluate this statement: profit-maximizing firms lack an incentive to provide job safety, and consequently, the federal government must intervene legislatively to protect workers against unsafe working conditions that will surely result.
Production function exhibit decreasing and increasing : Suppose output is produced according to the following Cobb-Douglas production function q = K0.8L0.5. a. (4 pts) If K = 1 and L = 4, what level of output is produced? If K = 3 and L = 12, what level of output is produced? b. (6 pts) Does this producti..
What does nations unemployment rate indicate : What does a nation’s unemployment rate indicate? Describe what type of unemployment you think each of the following illustrates:
Policy makers have come to recognize that price stability : Policy makers have come to recognize that price stability should be a, long-run goal of monetary policy because
Firm experiences decreasing marginal product of labor : Suppose that a given firm experiences decreasing marginal product of labor with the addition of each worker regardless of the current output level. Average total cost will be A) rising at al points B) falling at all points C) constant D) U-shaped
Coefficient on advertising different in first two regression : A small company sells medical supplies to hospitals. Management wants to assess the efficacy of the company’s advertising, and an analyst has produced the following three regressions: Why is the coefficient on advertising different in the first two r..
Reduction in monitoring without a reduction in quality : Provide an example of costly monitoring in the healthcare workplace. Can you think of an employment contract that would allow a reduction in monitoring without a reduction in quality?
Firm experiences decreasing marginal product of labor : Suppose that a given firm experiences decreasing marginal product of labor with the addition of each worker regardless of the current output level.
Prevent the equilibrium federal funds rate : If the Federal Reserve needed to prevent the equilibrium federal funds rate from rising too high during a recovery, it could a. lower the Discount rate. b. raise the Discount rate. c. lower the interest rate paid on reserves. d. increase the interest..

Reviews

Write a Review

Business Economics Questions & Answers

  What are the principal arguments of pharma companies

What are the principal arguments of pharma companies who oppose making exception to IPR laws for developing countries? What are the arguments by NGOs and others for a differential treatment?

  Lease be in order for the firm to make a positive profit

A tennis racquet manufacturer is negotiating lease on land to build a manufacturing plant. The price charged will be determined by p=$450-(0.1)D per tennis racquet. The manufacturer faces variable costs of $25 per tennis racquet. For this situation, ..

  About four major forms of non-equity modes of entry

There are about four major forms of Non-Equity Modes (NEM) of entry (contract manufacturing and service outsourcing, franchising, licensing and contract farming) by a multinational company into a host country. For each of these modes describe the fac..

  Transactions deposits and lending capacity

In December 1994 a man in Ohio decided to deposit all of the 8 million pennies he’d been saving for nearly 65 years. With a reserve requirement of 12.5 percent, what will be the cumulative change for the banking system in Instructions: Enter your res..

  Find the profit-maximizing quantity and price

A market (or industry) demand curve is described by Q = 600 – 0.5 P The monopolist firm’s cost function is TC = 7,550 + 16Q. Find the profit-maximizing quantity and price. If the monopoly is dissolved and then the market becomes perfectly competitive..

  Prices resulting from changes in demand-supply conditions

The main purpose of studying a market is to be able to predict qualitatively and quantitatively changes in prices resulting from changes in demand and supply conditions. For each of the following events, assume that either the supply curve or the dem..

  How outcome in that market will not be very different

The outcome in that market will not be very different than if it were a perfectly competitive industry." Explain if he is correct and how you would respond to his reasoning.

  What is expected impact of fall the business confidence

What is the expected impact of fall the business confidence. Explain with suitable diagram. Will monetary policy help to increase the investment by private sector in the presence of fall in the business policy.

  Elucidate how much money supply will increase in response

Elucidate how much the money supply will increase in response to a new cash deposit of $500 by completing the accompanying table.

  Estimate the population mean price-earnings ratio

The price-earnings ratio for all companies whose shares are traded on a specific stock exchange follow a normal distribution with a standard deviation of 3.8. A random sample of these companies is selected in order to estimate the population mean pri..

  Which policy would domestic consumers prefer and why

Explain why domestic producers who supply a good that competes with imports would prefer an import-substitution approach to trade rather than an export promotion approach. Which policy would domestic consumers prefer and why.

  Monopolies and monopolistically competitive firms

How do prices, output, and profits differ between monopolies and monopolistically competitive firms.

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