User Account

All Pages

Point of diminishing returns

Assignment Help Microeconomics
Reference no: EM132541966

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: EM132541966

Questions Cloud

Interpretation of production diagram and explanation : Interpretation of production diagram and explanation how the long-run and short-run expansion paths are derived and discussion
Allocate the depreciation and interest occupancy costs : Allocate the depreciation, interest, and taxes occupancy costs to the Linder and Chiro departments in proportion to the relative market values
Business regulations : Identify one agency, bureau or department within the federal government responsible for upholding regulations that impact business operations.
What are some products that the us currently : What are some products that the US currently holds a comparative advantage in?
Point of diminishing returns : 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
Compute profit margin for each division : Compute profit margin for each division. Apple Inc. reports the following for three of its geographic segments for a recent year.
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
Combination of method to assess viability of capital project : If you were to choose a method or combination of methods to assess the viability of a capital project, what method(s) would you chose and why?
Predict the total expected costs at the level of activity : Predict the Total expected costs at the 18,000-unit level of activity items for Boulevard Company,Total fixed cost per period and Variable cost per unit.

Reviews

Write a Review

Microeconomics Questions & Answers

  The amount consumers spend on health care

One way to reduce the amount consumers spend on health care is to raise the price of health care by increasing the health insurance copayment

  Why the market might have acted to eliminate discrimination

Jackie Robinson broke baseball's color barrier in 1947, which precipitated integration in all major league teams after 12 years.

  How would you assess that britain was overpopulated

How would you assess whether Britain was overpopulated or underpopulated? Why might (a) companies producing goods and services, and (b) local and central.

  Draw original constraint before miracle pill is available

Imagine the market price for a pack of cigarettes is $6 per pack, and there are no taxes. Assume that each pack does a total of $5 worth of health damage.

  Determine the idea of efficiency wages

Technological advance improves productivity in a purely competitive industry. This change will result in a shift: a.) down of the individual firm's MC curve, causing the market supply curve to shift to the left b.) down of the individual firm's MC cu..

  Prepare a two page paper about krugman vs marriott

Prepare a 2 page paper using APA format discussing problem 1 in the "Problems to Ponder" at the end of chapter 10. Be sure to address each question in this problem.

  Demand for corn

The demand for corn has increased in May without any change in supply. Eight months later there still has been no change in corn prices. This is an example of a

  Examining output and price relationship

Compute the industry price necessary for firm to supply 10,000, 20,000, and 30,000 pounds. Compute the quantity supplied by the firm at industry prices of $1.50, $2.50, and $3.50 per pound.

  Describe relationship between marginal propensity to

describe relationship between marginal propensity to consume and marginal propty to save. how do the two components ect

  Evaluate the conditions and risks of the services and routes

BSBINT409PLAN FOR INTERNATIONAL TRADE ASSIGNMENT. Evaluate the conditions and risks of the services and routes

  What is initial equilibrium level of interest rate in monia

Suppose the money market in Monia is in equilibrium. What is the initial equilibrium level of interest rate in Monia? Suppose that the central bank in Monia determines that the equilibrium interest rate should be equal to 5%. What is the level of t..

  Which year is used as the base year in calculating real gdp

According to the table above, which year is used as the base year in calculating real GDP? Why? Using the formula for the GDP deflator given in class, calculate the GDP deflator for the last ten years and fill out the column labeled GDP deflator1

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