Law of marginal returns or the law of increasing costs

Assignment Help Macroeconomics
Reference no: EM133518859

Question

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: EM133518859

Questions Cloud

Why is the use of independent contractors growing in recent : Why is the use of independent contractors growing in recent years? Summarize the IRS tests to determine if a position is an employee or an independent
Achieve Minimum efficient Scale : Canadian businesses have had difficulty achieving MES (Minimum efficient Scale.) Why would that be and what are some possible solutions?
Review of individual performance : Assume the role of a director at a workplace that your familiar with. Outline your workplace health and safety performance system including critical examination
What will be the revenue gain : What will be the revenue gain? Speculate on an ROI that justifies the project for investors and/or senior management.
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".
What was the federal minimum wage when the flsa was : What was the federal minimum wage when the FLSA was established in 1938? Today? Has it kept pace with inflation? Do you believe it should be increased?
Will distributed companies become more common in the future : Would you prefer working in a remote company one that has no physical location, Just (maybe) an occasional gathering of staff at a conference setting or resort?
What is the unit of analysis of jonathan''s study : Discuss the differences between a field study, a field experiment, and a lab experiment. What is the ‘unit of analysis' of Jonathan's study?
How key economic principles affect : We focus on how key economic principles affect the way a society goes about making decisions that maximize the utility from its limited resources.

Reviews

Write a Review

Macroeconomics Questions & Answers

  Discuss issues such as cost any problems

Devices to assist people with disabilities. Describe some of the new tools and their impact. Discuss issues such as cost, any problems with these devices, etc. Please attach article used.

  Compass relate to sass

What are Sass, LESS, and Stylus? Why do people use them? How does something like Compass relate to Sass?

  Consider the following keynesian closed economy modelreal

consider the following keynesian closed economy model.real money demand l 0.2y - 200rfull-employment equilibrium

  Succinctly worded paper with a communication plan

Write a succinctly worded paper with a communication plan. There are examples in the text and you can also research various templates.

  What is the point of view of the film

What is the point of view of the film? Was it overly favorable or critical of a particular group or individual

  Relationship between soft drinks and popcorn

A) Describe the relationship between soft drinks and popcorn and also describe how you know these two goods have this relationship. B) Are soft drinks a normal or an inferior good given the above information? Explain your answer.

  Additional up-front payment

Recognizing this fact, an opportunistic salesperson for the company that makes this device calls you. She indicates that, for an additional up-front payment of $27 million (not included in the above figures), her firm will deliver the device to yo..

  How gross domestic product is calculated

Explain how gross domestic product is calculated using the income approach and the expenditure approach

  How international trade affects a nation output

Explain how international trade (exports and imports) affects a nation's output, employment, and income.

  Find the nash equilibrium in the dynamic game

Draw the complete game tree and write down the strategy set for each player. (Remember that especially for the second-mover, a strategy is a complete contingent plan. Find the Nash equilibrium in the dynamic game by backward induction.

  Discuss the arguments used to justify trade restrictions

Discuss the arguments used to justify trade restrictions and critically appraise them.

  Identify and describe the primary economic decision makers

Identify and describe the primary economic decision makers. Describe how money and resources are exchanged in the resource market, indicating.

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