Illustrate what is law of diminishing returns

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Q. Look around stores and restaurants around you. Have you seen a lot of going out of business signs during economic slump? GM and Chrysler filed for bankruptcy although both received bailout money. Discuss business profits that rely on fixed and variable costs and revenues. Can you Provide examples of companies that have high pension costs? Why are companies using more technology input while reducing labour input? Why are Average Cost Curves U-shaped? Illustrate what is Law of Diminishing Returns? Discuss a company's two short run options: 1. stay open or 2. Shut down.

Reference no: EM1370732

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