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Questions: Discuss about marginal product and diminishing returns by answering the questions below. Provide long and clear explanation.
1. Combine the concepts of inputs, costs, and outputs.2. What is total product, average product, and marginal product?3. What is "the law pf diminishing marginal returns?"4. Why does the number of workers do not always equate to increase in production? Provide example applying the law of diminishing marginal returns.5. What is diminishing returns? Give example, apply it in a situation.6. Discuss the stages of returns.7. What does it mean when the marginal product reaches its apex? How about when it reaches zero?8. What can you conclude in the topic discussed? What would be the best decision to make by the companies in making decision regards to their production?
Which of the best explains why these secondary sales might be of concern to De Beers?
(a) Compute the long-run cost function for baskets of berries B. (b) Compute the long-run cost function for gallons of juice J.
Which economic systems would be most suitable for a country: centrally planned, mixed economy, or market economy?
Calculate profit for each quantity. How much should the firm produce to maximizeprofit?
In 2006, Willem de Kooning’s abstract painting Woman III sold for $137.5 million. Portray this sale in a demand and supply diagram and comment on the elasticity of supply. Comedian George Carlin once mused, “If a painting can be forged well enough to..
applied technology inc. ati produces bicycle frames using two fiberglass materials that improve the strength to weight
identify and describe in detail the four vital functions of money in detail. give real world examples of each of them.
What is the profitability index of the project? What is the IRR of the project? What is the NPV of the project? How sensitive is the project NPV to change in the price of the new Spark2?
A non profit organization designed to assist individuals in their pursuit of common goals and interests. Under mice industry
If a firm maximizes profit. It must minimize the cost of producing the profit-maximizing output.
Report . The rise of China - a new leader for a new world? Provide data for all the questions, graphs , Charts , numbers Please avoid plagiarism
Some individuals decry the decline of the small family farm and its replacement with the huge corporate megafarm. Discuss the possibility that this is a consequence of economies of scale.
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