Will adding another increase output by as much

Assignment Help Business Economics
Reference no: EM13158951

The law of diminishing marginal returns states that eventually the marginal product of an input will tend to fall as more input is added. Describe real-life scenarios, explaining why this is likely to happen. For example, imagine a backyard garden of fixed size and all other inputs except labor also fixed ; will adding a worker increase your output? Will adding another increase output by as much? another?

Reference no: EM13158951

Questions Cloud

Explain how combustion is related to cell respiration : Explain how combustion is related to cell respiration. Explain how the cardiovascular and respiratory systems are connected to cell respiration.
Political and religious beliefs and institutions : What political and religious beliefs and institutions gave Hebrew civilization its unique character and account for its important legacy to Western civilization?
Characteristics of the perfect competition model : The characteristics of the Perfect competition model are flawed by to many inaccuracies and offer little or no relevance to the real world
Explain calcium oxide to form solid calcium sulfite : A particular coal contains 2.92% sulfur by mass. When this coal is burned, the sulfur is converted into sulfur dioxide gas. The sulfur dioxide gas then reacts with calcium oxide to form solid calcium sulfite
Will adding another increase output by as much : imagine a backyard garden of fixed size and all other inputs except labor also fixed ; will adding a worker increase your output? Will adding another increase output by as much? another?
How a neuron could potentially have a more negative resting : The average resting potential for a neuron is -70mV. Some neurons have a lower and some have a higher resting membrane potential. Explain how a neuron could potentially have a more negative resting membrane potential than another.
Determine the direct materials price variance : Determine the direct materials price variance, assuming that all materials costs are the responsibility of the materials purchasing manager.
Find the country with largest budget deficit : find the country with largest budget deficit and largest budget surplus in this list the budget deficit is called the Budget Balance.
Define what is the minimum temperature required to convert : What is the minimum temperature required to convert all but 0.040 of to products by 4:00 p.m.?

Reviews

Write a Review

Business Economics Questions & Answers

  Compute an appropriate measure of association also decide

Compute an appropriate measure of association also decide how to present the results.How might this information involve the advertising approach.

  Explain how will this trade affect incomes of capital owners

Explain how will this trade affect incomes of capital owners and workers in wool industry in Australia. Apply your knowledge of an appropriate framework to illustrate this.

  How much will you have in your account years from now

if you deposit $1000 now, $3000 four years from now follows by five quartely deposite decreasing by $500 per quarter at an interest rate of 12% per years compounded quartely. how much will you have in your account 10 years from now?

  Midpoint method to compute your cost elasticity

Use the midpoint method to Compute your cost elasticity of demand as the cost of DVD's

  Elucidate what happens to the official measure of gdp

Elucidate what happens to the official measure of GDP in each of the following situations.

  Industry significantly increases advertising expenditures

Under oligopoly, if one firm in an industry significantly increases advertising expenditures in order to capture a greater market share, it is most likely that other firms in that industry.

  Determine monopolist profit maximizing price and toal output

Demand for microprocessors is given through P=35-5Q, where Q is the quantity of mircochips. The typical company total cost of manufacturing chips is Ci=5qi, where qi is the output of company i.

  Uncrowned country club golf course

We said that an uncrowned country club golf course has aspects of public good.

  Elucidate how much they can accumulate over

Elucidate how much they can accumulate over 25 yrs if they move the money into a money market mutual fund earning 5 percent.

  What is the nature of cross subsidy its extent

What is the nature of cross subsidy, its extent, and its consequences for the pricing of new long distance entrants in comparison to AT&T?

  Evaluate this expression in the context of fiscal

A standard objection to General Equilibrium models is that their long run predictions are irrelevant because in the long run we would all be dead. Evaluate this expression in the context of fiscal and monetary policies to relieve economic stress.

  What is the annual worth of this investment

The truck's market value is expected to decrease by $2,500 each year it is in service. If the company plans to keep the truck for only two years, what is the annual worth of this investment? The MARR=18% per year.

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