--%>
Assignment Help - homework help

Expanding the Diminishing Returns

Can someone help me in finding out the right answer from the given options. The law of diminishing returns refers to the rising: (1) Complexities encountered in expanding any activity continually. (2) Reductions in the costs from expanding big scale production. (3) Knowledge regarding technology which takes place as time passes. (4) Rates of utilization of the natural resources.

   Related Questions in Econometrics

  • Q : Random Selection-Allocative Mechanisms

    I have a problem in economics on Random Selection-Allocative Mechanisms. Please help me in the following question. Choosing military draftees by lottery entails an allocative method of: (i) Egalitarianism. (ii) Arbitrary selection. (iii) Brute force.

    		•
  • Q : Slower rates of economic growth In the

    In the production possibility frontier model, a society which presently selects higher levels of consumer goods and some capital goods outcomes in: (i) Higher rates of unemployment in future. (ii) Enhanced economic efficiency. (iii) Slower rates of th

    		•
  • Q : Inward shifts of a production

    The inward shifts of a production possibilities frontier take place if: (i) Markets substitute brute force as the main allocative method. (ii) Technological advances stimulate the entrepreneurial gains. (iii) Investment facilitates expanded the consum

    		•
  • Q : Unemployment- Production possibility

    I have a problem in economics on Unemployment- Production possibility curve. Please help me in the following question. Unemployment is exhibited with the production possibility curve through: (i) Move all along the curve. (ii) Shifting the curve down.

    		•
  • Q : History of idle capacity during world

    Can someone please help me in finding out the right answer from the following question. Huge idle capacity in the U.S. at the beginning of World War II made: (1) The war costless for United States. (2) U.S. living standards drop more than had all reso

    		•
  • Q : Mixture of market and command elements

    Can someone help me in finding out the right answer from the given options. The modern U.S. economy: (i) Is an illustration of a pure market system. (ii) Is a mix of market and command element. (iii) Has evolved to a fundamental command system s (iv) Experienced littl

    		•
  • Q : Increasing Costs-Production

    The Production possibilities frontiers (or PPFs) tend to be ‘bowed out’ since: (i) More of one good mandates the lower production of other. (ii) A few resources are inevitably underutilized or unemployed. (iii) Technology is supposed const

    		•
  • Q : War-time capitalism and fascism Private

    Private property ownership however with strong govt. decision-making regarding resource utilization is the characteristic of: (i) War-time capitalism, and fascism. (ii) Communism and Socialism. (iii) Primitive agriculture. (iv) Anarchy and utopianism.

    		•
  • Q : Problem on Reliance on

    Can someone help me in determining the right answer from the given options. Reliance on first-come, first-served allocations is termed: (1) Queuing. (2) Superior at lowering the opportunity costs for busy people. (3) The fairest system if goods are sc

    		•
  • Q : Allocative Mechanisms-Traditional system

    I have a problem in economics on Allocative Mechanisms-Traditional system. Please help me in the following question. Interactions of private sellers and buyers recognize the bulk of resource allocation in a: (1) Queuing system.(2) Market system. (3) T

    		•