Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Please explain detail one by one step what is the difference between two statements.
Some tutors in here in coursehero there are tutors who just copied the answer from other website and paste it here without proper explanation.
Please read my question properly before answering, my point is at which point in the following statement does "the marginal product of labor falls" distinguish from labor obeys the law of diminishing returns? and what is the differences? previous tutor just mentioned that statement 1 is referring to a particular point but statement ll is talking about universal case, which does not help me understand at all!!!!!. I wanted detail explanation up to the point where I can not say "why" again.
Please explain what is the difference between he marginal product of labor falls and labor obeys the law of diminishing returns with detail explanation
I. If the marginal product of labor falls whenever more labor is used, and labor is the only factor of production used by the firm, then at every output level the firm's short-run average variable cost exceeds marginal cost.
II. If labor obeys the law of diminishing returns and is the only factor of production used by the firm, then at every output level short-run average variable cost exceed marginal costs.
You're in Management for IBX Steel Components. J. D. Brotsky is a top labor leader and just announced that her union will go on strike against management unless you grant the workers a significant pay raise.
Conduct a simple linear regression analysis to examine the relationship between 'education' (the independent variable) and 'wage' (the dependent variable). Using the Excel data file, prepare a 2000 word report.
What would happen in the apple market if the government set a minimum price of $2.00 per apple?
Keeping the Law of Diminishing Returns in mind, comment on the quality of teaching and learning that occur when a resident successively works her 60th, 70th, 80th and 90th hours in a week.
Discuss the problem of double marginalization. What is it? What causes it? How is it mitigated by a vertical merger?
following would most likely increase the price of automobiles
You are the manager of a small farm. Your yearly revenue is $300,000. You work in your farm. You could work somewhere else for $50,000 a year.
Markets have been present to some degree throughout history, but market society is fairly recent. What does Varoufakis argue was necessary for the development of capitalism and modern economic analysis?
Discuss whose life seems more in tune with how you imagine yourself living the eternal return, Souza's or Tanksley's? Why?
Create and explain a production possibilities frontier for an economy that produces milk and cookies. Determine what happens to this frontier if disease kills half of the economy's cow population?
Normal 0 false false false EN-US X-NONE X-NONE MicrosoftInternetExplorer4 ..
The demand curve for rhubarb pie is given by the equation: P = 10 - 3.1415926*(Q). At what price is total revenue maximized
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd