User Account

All Pages

Law of diminishing returns

Assignment Help Business Management
Reference no: EM131557602

QUESTION 1

Suppose there is a bill to increase the tax on cigarettes by $1 per pack coupled with an income tax cut of $500. Suppose a person smokes an average of 500 packs of cigarettes per year-and would thus face a tax increase of about $500 per year from the cigarette tax at the person's current level of consumption. The income tax measure would increase the person's after-tax income by $500.

Would the combined measures be likely to have any effect on the person's consumption of cigarettes? Why or why not?

ANSWER IN 4 OR MORE WELL CONSTRUCTED PARAGRAPHS AND INCLUDE APA CITATION.

QUESTION 2

Suppose a firm finds that the marginal product of capital is 60 and the marginal product of labor is 20. If the price of capital is $6 and the price of labor is $2.50, describe how the firm should adjust its mix of capital and labor? What will be the result?

ANSWER IN 4 OR MORE WELL CONSTRUCTED PARAGRAPHS AND INCLUDE APA CITATION

QUESTION 3

Please explain why the law of diminishing returns applies only in the short-term period.

ANSWER IN 4 OR MORE WELL CONSTRUCTED PARAGRAPHS AND INCLUDE APA CITATION

Reference no: EM131557602

Questions Cloud

Describe the process your research team would go through : Create a scatter diagram of the scores, which should be a negative direction. Describe in words the general pattern of correlation, if any.
Discuss the view that the uk government : Discuss the view that the UK government should increase substantially the national minimum wage each year.
Conduct the confidence intervals : Use the following information to conduct the confidence intervals specified to estimate µ. 95% confidence; x¯ =25, s² = 12.25, and n=60. 98% confidence.
What role should organizational culture play : What role should organizational culture play in configuration and content management? Should organizational culture be demanding certain levels of performance.
Law of diminishing returns : Suppose there is a bill to increase the tax on cigarettes by $1 per pack coupled with an income tax cut of $500.
What are the chance that the proposal will get majority vote : A club with 27 members is voting on a proposal. A group of 5 has decided to vote in favor of the proposal while each of the rest of the members vote.
Why do you think examination of the variables is important : Select the three factors that you think may be the most important considerations when writing qualitative research questions. Justify your choices.
Calculate the simple multiplier : What is the marginal propensity to spend out of national income? Calculate the simple multiplier
How do you react to what you are reading : Can you think of experiences from your own life that either support or contradict what you're reading (considering I am an international student from China)?

Reviews

Write a Review

Business Management Questions & Answers

  Caselet on michael porter’s value chain management

The assignment in management is a two part assignment dealing 1.Theory of function of management. 2. Operations and Controlling.

  Mountain man brewing company

Mountain Man Brewing, a family owned business where Chris Prangel, the son of the president joins. Due to increase in the preference for light beer drinkers, Chris Prangel wants to introduce light beer version in Mountain Man. An analysis into the la..

  Mountain man brewing company

Mountain Man Brewing, a family owned business where Chris Prangel, the son of the president joins. An analysis into the launch of Mountain Man Light over the present Mountain Man Lager.

  Analysis of the case using the doing ethics technique

Analysis of the case using the Doing Ethics Technique (DET). Analysis of the ethical issue(s) from the perspective of an ICT professional, using the ACS Code of  Conduct and properly relating clauses from the ACS Code of Conduct to the ethical issue.

  Affiliations and partnerships

Affiliations and partnerships are frequently used to reach a larger local audience? Which options stand to avail for the Hotel manager and what problems do these pose.

  Innovation-friendly regulations

What influence (if any) can organizations exercise to encourage ‘innovation-friendly' regulations?

  Effect of regional and corporate cultural issues

Present your findings as a group powerpoint with an audio file. In addition individually write up your own conclusions as to the effects of regional cultural issues on the corporate organisational culture of this multinational company as it conducts ..

  Structure of business plan

This assignment shows a structure of business plan. The task is to write a business plane about a Diet Shop.

  Identify the purposes of different types of organisations

Identify the purposes of different types of organisations.

  Entrepreneur case study for analysis

Entrepreneur Case Study for Analysis. Analyze Robin Wolaner's suitability to be an entrepreneur

  Forecasting and business analysis

This problem requires you to apply your cross-sectional analysis skills to a real cross-sectional data set with the goal of answering a specific research question.

  Educational instructional leadership

Prepare a major handout on the key principles of instructional leadership

Free Assignment Quote

Assured A++ Grade

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd