Input factors are necessary to make the holiday wreaths

Assignment Help Business Economics

Reference no: EM131160544

Do you think the MP (marginal productivity) figures in the presentation are based on a single variable factor, or all factors of production? Why? In the paper, what other input factors are necessary to make the holiday wreaths? Are those other factors considered variable in the long run? Why or why not? How can you tell if you have increasing or decreasing returns to scale for the holiday wreath example?

Reference no: EM131160544

Questions Cloud

What would happen to rents earned by owners of land-capital : If the population of the United States suddenly grew because of a large wave of immigration, what would happen to wages? What would happen to the rents earned by owners of land and capital? Provide specific examples to support your answers.

Advantages and disadvantages of asking employees : What are the advantages and disadvantages of asking employees to alert their LinkedIn member networks when a job opening is available?

Define the concept of marginal revenue product : Define the concept of marginal revenue product (MRP), or value of the marginal product as defined on p. 377 of the textbook; then relate that to the marginal cost of the labor input factor. Explain why a competitive, profit-maximizing firm hires work..

Provisions of the sarbanes-oxley act : How do the major provisions of the Sarbanes-Oxley Act affect a public company's audit procedures?

Input factors are necessary to make the holiday wreaths : Do you think the MP (marginal productivity) figures in the presentation are based on a single variable factor, or all factors of production? Why? In the paper, what other input factors are necessary to make the holiday wreaths?

Who is an entrepreneur : Who is an entrepreneur. Define the term entrepreneur?

Explain why lurking variables cause a problem : Explain why Lurking variables cause a problem in research .Also explain why, no matter how a researcher can design his/her sample and how well they measure their variables there can still be issues with their research.(in one paragraph)

Judge an action based on the consequences : Given that Utilitarianism would have us judge an action based on the consequences it produces, why does Mill reject the idea that Utilitarianism entails that we should just do whatever is expedient in the moment or on some particular occasion? how do..

Event of repetitive negative comments : As the manager of a fast-food restaurant, determine when guest comments would be not be helpful to improve service or product quality. In the event of repetitive negative comments about the quality of the food, recommend one "quick fix" method of ..

User Account

All Pages