Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
The Law for Diminishing Marginal Returns
- As use of an input increases in equal increments, a point will be approched at which the resulting additions to output decreases (that is MP declines).
- When labor input is small, MP increases because of specialization.
- When labor input is large, MP decreases because of inefficiencies.
* The Law of Diminishing Marginal Returns
- Can be used for the long run decisions to assess tradeoffs of different plant configurations
- Assumes that the quality of variable input is constant
- Explains declining MP, not essentially a negative one
- Assumes a constant technology
National income accounting: Final Goods: Final goods are goods and services which are being purchased for final use and not for resale or further processing or manufacturing
what is market equilibrium and disequilibrium?
Q. Describe the Theory of effective demand ? Effective Demand:Theory of effective demand was developed separately in the 1930s by Michal Kalecki andJohn Maynard Keynes. It eluc
what is The most important source of oligopoly?
would a rational producer be concerned with the average or marginal product of an input in dec
The global financial crisis, brewing for a while, really started to show its effects in the middle of 2007 and into 2008. It originated from countries with highly sophisticated fin
Define the Policies of Education Universal education--particularly universal education of girls--pays a two-fold benefit. Investments are more likely to be productive with a be
different btn elesticity of demand and inelasticity of demand
if the Japanese yen appreciates against the U.S. dollar, do the Japanese businesses gain by a decrease in the dollar price of exports to the United States
Financial Economies: These are benefits obtained by large firms as a result of contracting credit from financial institutions at lower interest rates than smaller firms. The
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!
whatsapp: +91-977-207-8620
Phone: +91-977-207-8620
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd