One reason for the appearance of diminishing returns

Assignment Help Business Economics
Reference no: EM13984906

One reason for the appearance of diminishing returns is that:

A. whenever inputs are added to a production process, output falls because of increased inefficiency

B. the fixed inputs cannot produce any more as more units of a variable input are added

C. each additional unit of an input has proportionately less of the other units with which to work

D. the marginal product continually rises whenever output is increased

E. specialization becomes impossible as more units of a variable input are added to a fixed input

Reference no: EM13984906

Questions Cloud

Profits for each clinic and the merged firm : The price elasticity of demand is -0.20, and each clinic has fixed costs of $100,000. One clinic has a volume of 9,200, marginal costs of $70, and a market share of 3 percent. The other clinic has a volume of 15,800, marginal costs of $80, and a mark..
Write an unsolicited application letter for the job : Use the Internet to identify a prospective employer for which you would like to work after you complete your degree. Using a block format, write an unsolicited application letter for the job of your dreams within this organization
List and briefly describe the typical items : List and briefly describe the typical items included in a commercial mortgage loan application package.
Strategic management is a core management function : Strategic management is a core management function for today's organizations. I think the course is very beneficial to managers, owing to the increased complexities organizations face. The content allows us to examine and analyze real business situat..
One reason for the appearance of diminishing returns : One reason for the appearance of diminishing returns is that:
Consider the random relocation economy developed : Consider the random relocation economy developed in this chapter. Each person receives an endowment of 500 goods when young and nothing when old. People only want to consume when old. Let Mt= 1.1Mt−1for every period t. Write down the contract that a ..
Comparability of buyer and seller compensation and benefits : Comparability of buyer and seller compensation and benefits packages, employee morale and expectations, and the need for the buyer to acquire business or technical knowledge are all factors _____.
Simultaneous rise-fall in both total and marginal utility : A person who eats a first chocolate from a box of candies, and then a second, and a third, and so on (and nothing else), in an afternoon experiences a: simultaneous rise and fall in both total and marginal utility
Evaluation criteria establishing a scoring system : Selecting key evaluation criteria, establishing a scoring system, and weighing each evaluation criterion are all main steps that _____.

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