Law of marginal returns or the law of increasing costs

Assignment Help Mathematics
Reference no: EM133217544

Another important law in economics is the "law of marginal returns or the law of increasing costs". Discuss in terms of your study in this course, how might you know that you are at a point of diminishing returns, or where more study will not benefit you like it did before? Can you identify any of the costs discussed in this lesson in your decision about how much study is enough

Reference no: EM133217544

Questions Cloud

Democratic system of government : Find an online news article within the last twelve months (Article must be no older than August 2021) that will aid you in completing the following:
Immigration into the united states : Describe whether or not you think immigration into the United States today would have the same effects on the economy as immigration in the early 1900s.
Impact of the government setting a price floor : What is the impact of the government setting a price floor belowthe equilibrium price for cheese? Abovethe equilibrium pricefor cheese?
Impact of covid vaccinations in singapore : With the referencw to the concept learnt in lesson 12, explain the impact of covid vaccinations in singapore. State and explain what kind of policy the governme
Law of marginal returns or the law of increasing costs : Another important law in economics is the "law of marginal returns or the law of increasing costs". Discuss in terms of your study in this course, how might you
Wages for people in the retail industry in the uk : What policy (regulation, law etc.) could be used to increase the wages for people in the retail industry in the UK? Without increasing government expenditure, o
Important factor in the global economy : The stock market is an important factor in the global economy. This written assignment will give you a chance to analyze current stocks to help you comprehend t
Preferences are represented by the utility functions : The preferences are represented by the utility functions. If the utility function u(2) is negative, the consumer will not be satisfied and happy all the time.
Product differentiation and nonprice competition : Briefly explain the concepts of product differentiation and nonprice competition.

Reviews

Write a Review

Mathematics Questions & Answers

  How do you think this debate should be resolved

Others say that it is impossible to express environmental factors adequately in dollar terms. What are some valid points on each side of this debate? How do you think this debate should be resolved?

  Find parametric equations for the motion of the particle

A particle passes through the point P = (6, 5, -2) at time t = 4, moving with constant velocity v = i - 3j + 6k. Find parametric equations for the motion of the particle.

  Review the case of deluxe river cruises

TRANSPORTATION Deluxe River Cruises operates a fleet of river vessels. The fleet has two types of vessels: A type-A vessel has 60 deluxe cabins.

  Stating the null & alternate hypotheses

Stating the null & alternate hypotheses

  Determine the red brand two-product problem

In the Red Brand two-product problem, we assumed that the unit shipping costs are the same for both products. Modify the spreadsheet model so that each product.

  Find the largest values of the shaded area

If BCD and EFGH are rectangles with AB=10cm,BC=7cm,EF=7cm and FG=4cm,all figures accurate to the nearest cm. Find (a)the largest and (b)the smallest possible values of the shaded area.

  Evaluate the area of a circle of radius

The result from part (a) should look familiar. What does dA/dr represent geometrically?

  Formulate a system of equations for the situation

Formulate a system of equations for the situation below and solve. Mr. and Mrs. Garcia have a total of $100,000 to be invested in stocks, bonds, and a money market account.

  How many subscribers have access to all types of systems

At the beginning of this chapter you surveyed the 87 computer users who subscribe to your electronic newsletter in preparation for the release.

  Find value of directional derivative of pressure function

A deep low with pressure 972 mb is moving over northeast Iowa. Estimate the value of the directional derivative of the pressure function at Kearney in the direction of Sioux City.

  Discuss some of the constraints that imposes

think about the requirement to solve this problem using only 17th and 18th century tools and methodologies. list and discuss some of the constraints that imposes.

  How fast is z increasing or decreasing

At a certain instant when 1 x= and 2 y = , x is decreasing at the rate of 2 units/sec and y is increasing at a rate of 3 units/sec.

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