Keeping the law of diminishing returns in mind

Assignment Help Microeconomics
Reference no: EM13317937

Keeping the Law of Diminishing Returns in mind, comment on the quality of teaching and learning that occur when a resident successively works her 60th, 70th, 80th and 90th hours in a week.

Reference no: EM13317937

Questions Cloud

Program the mrp for the individual project problem : Program the MRP for the Individual Project Problem below and solve it with the use of POM-QM for Windows. (Refer to Appendix IV in the Heizer and Render (2011) textbook.
Calculate sharon''s basis in the inventory received : The Watson Trust incurred the following items during the year. Partnership's Basis in Asset Asset's Fair Market Value Cash $80,000 $80,000 Inventory $130,000 $150,000 Land $90,000 $105,000 (I) Calculate Sharon's recognized gain or loss on the distrib..
State commodity in which each country has absolute advantage : State the commodity in which each country has absolute advantage. Identify the commodity of comparative advantage for each country. Justify your answer Indicate the gains to Zambia and Tanzania if the two countries exchanged 6 barrels of oil for 6 ya..
Graph shows number of workers along the horizontal axis : Graph shows number of workers along the horizontal axis and wages along the vertical axis. Coordinates are plotted to indicate a downward-sloping diagonal line
Keeping the law of diminishing returns in mind : Keeping the Law of Diminishing Returns in mind, comment on the quality of teaching and learning that occur when a resident successively works her 60th, 70th, 80th and 90th hours in a week.
How is operational efficiency of a plant defined : Why do shifts in production function takes place & how does it affect operational efficiency?
What is the expected demand for gasoline at the end of this : At the beginning of this year, daily consumption of gasoline in the US amounted to 344 million gallons. It is estimated that for every 10% increase in the price of gasoline, the demand for gasoline reduces by 2.00%.
How many crates of grapes will it produce in a typical month : Ascaro incurs monthly total costs according to the function TC= 49+4q+q2 and monthly marginal costs according to the function MC= 4+2q, where q is the quanity of grapes produced bu Ascaro.
Relate the law of conservation of matter and energy : Relate the law of conservation of matter and energy to the air pollution problem; and

Reviews

Write a Review

Microeconomics Questions & Answers

  Suppose the person lives for two periods

Suppose the person lives for two periods, U = u(c1) + bu(c2), and can acquire an asset at price q, with c1 = w1 – qa and c2 = (d + q*)a + w2, where d = dividend and q* = selling price.

  Merits and demerits of industrial ecosystem

Suppose you're a city planner working on new industrial park and contemplating the use of industrial ecosystem. Describe the major advantages and disadvantages of industrial ecosystem which you would consider in making your decision.

  Explain the difference between absolute advantage and

Explain the difference between absolute advantage and comparative advantage. Which is more important in determining trade patterns, absolute advantage or comparative advantage? Why?

  What price and quantity does the monopolist sell in market

Suppose each of the towns A, B, C, D, E, F, and G has a weekly market day, but different towns have a different market day. Example, if A has market day on Tuesday, then deciding to go to market at A and deciding to go to market on Tuesday are the sa..

  Information about inelastic demand

Farmers have a relatively inelastic demand for their crops. Suppose there is a bumper crop year (an unusually large harvest).

  Describe what is the underground economy

Explain the difference between fixed-production technology and variable-production technology. Should the government set a goal of reducing the marginal social cost of pollution to zero in industries with fixed-production technology Should they d..

  Increase or decrease of aggregate demand

increase aggregate demand by cutting government spending or raising taxes. decrease aggregate demand by cutting government spending or raising taxes.

  What are the benefits and detriments of each system

Describe the difference between the specialist, market maker and electronic system for trading stocks. What are the benefits and detriments of each system How is the difference between the real estate market and the financial markets reflected in ..

  How do local zoning ordinances try to promote land uses

How do local zoning ordinances try to promote land uses that generate external benefits for neighbors Why have authorities found it so difficult to regulate the fishing in the open ocean to allow for a sustainable yield

  If a firm maximizes profit. it must minimize the cost

If a firm maximizes profit. It must minimize the cost of producing the profit-maximizing output.

  What kinds of costs are involved in making a decision

Why might a profitable motel shut down in the long run if the land on which it is located becomes extremely valuable due to surrounding economic development What kinds of costs are involved in making a decision to shut down

  Show that monopolists marginal revenue can be upward-sloping

Give a numerical example to show that monopolist's marginal revenue can be upward-sloping over part of its range. Hint: The price on the demand curve is the producer's average revenue.

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