Diminishing returns to capital-diminishing returns to labor

Assignment Help Business Economics

Reference no: EM13982239

On the horizontal axis, K/L represents capital (K) per work hour (L). On the vertical axis, Y/L represents output (Y) per work hour (L). 10. Refer to Figure 1. The curve becomes flatter as the amount of capital per work hour increases because of a. increasing returns to capital. b. increasing returns to labor. c. diminishing returns to capital. d. diminishing returns to labor.

Reference no: EM13982239

Questions Cloud

Will the firm earn positive economic profits : For a particular good that is monopolized, the monopolist faces the following demand and cost conditions: How much will this monopolist produce? What price will the firm charge it's customers? Will the firm earn positive economic profits?

Address equity and property price bubbles : Some people who believe monetary policymakers should not address equity and property price bubbles, argue their position based on:

What are mechanisms by which conductors can be transparent : But some conductors are transparent, including various electrolytes and indium tin oxide in LCD displays. What are the mechanisms by which conductors can be transparent?

Explain the exchange rate between the yen and the euro : Suppose a Lexus LS400 and a Mercedes C300 are considered to be of equivalent value. The Lexus sells for 6,000,000 Japanese yen in Tokyo and the Mercedes sells for 50,000 euros in Stuttgart. Using the purchasing power parity theory, explain the exchan..

Diminishing returns to capital-diminishing returns to labor : On the horizontal axis, K/L represents capital (K) per work hour (L). On the vertical axis, Y/L represents output (Y) per work hour (L). 10. Refer to Figure 1. The curve becomes flatter as the amount of capital per work hour increases because of a. i..

Internet for b-c e-commerce systems : Each student will search on the Internet for B-C e-commerce systems that you can use.For example, the following are good sources:

How humanistic theories affect individual personalities : Analyze how humanistic and existential theories affect individual personalities

What intensity in milliwatts per square meter does measure : A second observer hovers in a blimp at an altitude of 571 m and measures the radiation intensity from the antenna when she is 1.41 km from the antenna. What intensity, in milliwatts per square meter, does she measure?

In the framework of an oligopoly : In the framework of an oligopoly, what strategy can work like a silent form of cooperation?

User Account

All Pages