decreasing marginal returns and negative marginal returns
What is the difference between decreasing marginal returns and negative marginal returns?
When consumers ultimately cannot distinguish one roasted chicken dinner from other, when roasted chicken dinners are produced within a constant cost industry, and when no barriers to entry or exit exist, in that case the long-
Chose the right answer from the following . The marginal benefit curve is: 1) upsloping because of increasing marginal opportunity costs. 2) upsloping because successive units of a specific product yield less and less extra benefit. 3) downsloping because of increasin
Assume that half of the world population, randomly certain, was magically vaporized through space aliens, although no other aspect of life onto Earth was influenced. Ignoring any psychological trauma that calamity might entail, upon average, the economic
Whenever decision makers select not to pursue further information as the expected reward for the searching for it does not surpass its expected cost, the outcome is: (1) Adverse choice. (2) Consumer exploitation. (3) Unintended effects. (4) Asymmetric information. (5)
Policies which raise the overall demand for labor and maintain unemployment rates low are: (w) significant for the success of any other programs to reduce poverty. (x) sufficient measures to reduce the incidence of poverty. (y) not relevant to the suc
At existing wages the LEAST elastic demand for the labor is most likely faced by: (i) Unskilled harvest workers. (ii) Garment workers. (iii) Assembly line workers. (iv) Dentists. Can someone please help me in findi
Kinds of output subsequently used to generate other goods are termed as: (w) land. (x) labor. (y) capital. (z) primary resources. Hey friends please give your opinion for the problem of Eco
Whenever a tax on a good outcome less government revenue than the sum of the losses of producer and consumer surpluses due to tax, economists state that the tax has caused a/an: (1) Administrative loss. (2) Market failure. (3) Economic loss. (4) Bureaucratic loss. (5)
I have a problem in economics on Short Run-input of firms cannot be changed. Please help me in the following question. In short run, the firm: (i) Can change any input. (ii) Can’t change any input. (iii) Cannot change the output. (iv) Has at lea
Financial instruments which promise fixed constant cash flows at equal time intervals forever are termed as: (1) coupon debentures. (2) perpetuities. (3) perennials. (4) residuals. (5) dividends. Please choose the righ
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