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!
We have reviewed the various measurements of costs. There are some important relationships between productivity measurements of total product, average product, and the marginal product. These relationships are directly impacted by how productivity determines costs.
To answer questions 1 and 2, consider the following scenario: when a business adds headcount to the production line, productivity naturally improves. This means that the output is increased for this specific worker than previous workers.
1. Explain what will happen to the margin with regards to the additional cost of the output.
2. Explain what happens with the marginal product rising. Does the cost of producing another unit of output decline when the marginal product is falling? Is the same true when average variable is rising? What about total product rising?
3. You are given the following economic data:
Calculate the price of elasticity of demand. Is the result elastic or inelastic? Explain.
Neoclassical growth theory implies that a doubling of the labour force leads to a doubling of aggregate output
q1. were past societies in human history more ecological than our society today? what is the most ecological society
What is the international strategy that should be adopted by Company ABC to maintain its market share? Explain your answer.
As of today the annualized two-year interest rate is 12.7 percent and the one-year interest rate is 10.9 percent. What is the one-year forward rate
Who are the stakeholders in your current organization that should be involved in the planning and implementation of a CSR initiative?
The country of Alcazar has been growing at an impressive pace for the last five years. With improvements in technology, many industries have recorded remarkable growth in productivity. The health sector which has the lowest level of productivity empl..
Why do so many members of Congress believe that the federal government should subsidize local projects, such as improvements in bus or subway systems in major cities?
Find the income elasticity for good one. What does this tell us about the relationship between income and the amount of good 1 purchased? Under what circumstances does this seem a plausible model of behavior?
Suppose the United States were to suddenly halt all trade with other countries. How would such an act affect your life and the lives of other Americans? How would such an act affect the Real GDP in the United States? Who benefits from trade barriers?
Two conditions that justify government intervention in a market are the presence of external benefits and equity concerns.
b) What is the MRS of these functions? Note, for Mary, MUx = 1 and MUy = 2y.For Anne, MUx = 2x and MUy = 1. What is the geometric equivalent of theMRS? What is the interpretation of the MRS? c) Do these tastes have diminishing marginal rates of su..
If you get this classmate as your partner on a series of projects throughout the year, rather than only once, Explain how might that change the outcome you predicted in part (b).
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: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd