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The marginal product of any input in the production process is the increase in the quantity of output produced from one additional unit of that input. According to the Law of Diminishing Returns, the marginal product of an input declines as the quantity of the input increases over time, other factors remaining the same.
In the workplace, you often see diminishing marginal product, where the additional output produced per worker drops as they perform their jobs over time.
As a manager, what are some practical things you could do to raise marginal product per employee that also benefit the firm? In your answer use a company you currently work for or one you worked for in the past.
Give specific examples and discuss how diminishing marginal productivity affect marginal revenues and profits of firms.
Explain the effect that the current unemployment rate may have on yourclientele in the next couple of months and how it could affect your area's overall economic growth
The constant rate no before the one child policy; after the introduction population growth drops to the constant rate n1 analyze the effect of this policy.
In terms of the shareholder wealth maximization model, if the expected future profits of a firm are cut in half, what should happen to the share price?
if they use a regulation should they allow for pollution permits? explain the benefits and detriments of each form of control. what would you recommend?
q. how to calculate marginal revenue from demand?a.if the marginal propensity to save is 0.05 how large is the
assume an urban clusters income i is given by the function i4n-0.05n2 where n denotes the clusters population in
In terms of the consumer theory set forth in this chapter, can you explain the meaning of the following statements? a. "I think you get more for your money from Nike than from Reebok." b. "I wanted to buy a Boxster rather than a Malibu, but it just w..
The licorice industry is competitive. The current market price of a string of licorice is $0.40. At this price, a firm decides to produce 2 million strings of licorice this month.
What is meant by the monetary approach to exchange-rate determination? What are its major predictions concerning exchange-rate movements? Give examples.
Explain how each barrier can foster either monopoly or oligopoly. What barriers, if any, do you feel give rise to monopoly that will allow the government to become involved to protect consumers?
q1. explain why does production ultimately experience diminishing marginal returns to labor in the short run?q2. what
Consider the role of discount rates in problems involving long time horizons. Suppose that a particular emission abatement strategy would result in a 50 billion reduction in damages 50 years into the future. Calculate the maximum amount that could be..
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