Law of marginal returns or the law of increasing costs

Assignment Help Business Economics
Reference no: EM131848700

An important law in economics is the "law of marginal returns or the law of increasing costs". Discuss in terms of studying this topic, how one might know they're at a point of diminishing returns, or where more study will not benefit them like before? Identify costs discussed on this topic as to how much study is enough.

Reference no: EM131848700

Questions Cloud

Create a use-case diagram for the system : How are the different functional models related, and how does this a? ect the verifcation and validation of the models?
Conduct a competitive analysis using the swot method : As a social media analyst, you developed a research plan for your client in the MKT 330 Marketing Research and Digital Analytics course.
Education in the arts versus engineering or business : 1. Discuss the idea of external benefits in funding an education in the arts versus engineering or business
Develop a slide setting the theme and goals of presentation : The Product Life Cycle (PLC) is a vital component of the marketing plan. Monitoring products and services as they flow through this process helps marketing.
Law of marginal returns or the law of increasing costs : An important law in economics is the "law of marginal returns or the law of increasing costs". Discuss in terms of studying this topic
What is the standard error of the mean in experiment : a. What is the standard error of the mean in this experiment? b. What is the probability that the sample mean is between $3.46 and $3.54?
Discuss two major categories of probability interpretations : Discuss the two major categories of probability interpretations, whose adherents possess conflicting views about the fundamental nature of probability.
How organizations international operating experience impact : The following market-related factors can influence an organization's choice of foreign market entry techniques - How would your organizations
Compute the standard error of the sample mean for hrc : a. Compute the standard error of the sample mean for HRC. b. What is the chance HRC finds a sample mean between $477 and $527?

Reviews

Write a Review

Business Economics Questions & Answers

  Economics assignment

This document contains various important questions and their appropriate answers in the subject field of Economics.

  Demand and supply curves

Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.

  Long-run perfectly competitive equilibrium for the firm

Evaluate Government intervene and correct this situation?(a) Explain the concept of a concentration ratio. A rise in the price of magarine Explain the impact of external costs and external benefits on resource allocation long-run perfectly c..

  Supply and demand diagrams

Explain each of the following using supply and demand diagrams,  With the use of a graph, explain how these two programs affect cigarette consumption and the price of cigarettes.

  Case study: fisher-price toys

The case study of the Fisher-Price Toys, Inc., a popular case in basic economics and management from the prestigious Harvard Business School.

  Draw the production possibility curve

Draw the production possibility curve and a. Define consumer surplus and producer surplus.

  Tax revenue

The Australian government administers two programs that affect the market for cigarettes

  Maximize total welfare

How many tickets to sell to maximize total welfare.

  Difference between the cv and the ev

The change in consumer surplus (?CS) is not "theoretically" justifiable like the CV and EV but it continues to be the most widely used measure of consumer welfare change. Explain how this can be reconciled

  Depict von neumann-morgenstern utility index u in a diagram

Depict the von Neumann-Morgenstern utility index u in a diagram

  What is the market solution

What is the market solution (market price and quantity) and What is the total surplus of the society under the market solution

  Calculate gross national product and net national product

Calculate gross national product and net national product

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!

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