--%>
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 : Illustration of the difference in

    In a current Wendy’s TV commercial, a police officer hands a driver a speeding ticket for $75. The response of driver is something to the consequence of as, “Oh gentleman! 75 crispy chicken nuggets!” The response of driver is mainly specific an illus

    		•
  • Q : Free goods Scarcity The government

    The government decision makers in all societies can most simply and safely avoid: (i) Questions regarding "what, how, and for whom?" (ii) Free goods. (iii) The effects of scarcity. (iv) Issues of the income distribution. (v) Economic inefficiency.

    Q : Problem on Allocative Mechanisms The

    The allocation method not paired with a suitable illustration would be: (1) Merit - awarding improved grades to the students who perform excellent on an exam. (2) Arbitrary selection - Congress activates a draft to safe soldiers to serve up in Iraq. (

    		•
  • Q : Maximum output in absence of

    In the nonattendance of diminishing returns, the maximum output of food from the flower pot (or land) and limitless amounts of other resources would be sufficient to feed: (1) The grasshopper. (2) One skinny family. (3) One mouse. (4) All of the world.

    Q : Queuing-Allocative Mechanisms Can

    Can someone help me in finding out the right answer from the given options. Most of the colleges allocate football and basketball tickets by encompassing students wait in long lines beginning at around 6 am on frigid fall mornings. This ineffective allocative mechanis

    		•
  • Q : Allocative Mechanisms-Queuing I have a

    I have a problem in economics on Allocative Mechanisms-Queuing. Please help me in the following question. The Queuing frequently comprises: (1) Long waiting lines. (2) Exceptionally low opportunity costs. (3) Fast technological growth. (4) Last-in, fi

    		•
  • Q : Tradition-Allocative Mechanisms The

    The Feudalism, in which who governs is recognized by the royal birth or inherited titles, relies heavily on the allocative method of: (i) Tradition. (ii) Queuing. (iii) Brute force. (iv) The market-place. (v) Random choice. Choose

    		•
  • 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 : Alchemic method for transforming lead

    The good example of technological modification would be a discovery of: (i) Big vein of industrial-quality diamonds in the Korea. (ii) New form of sub-atomic particle. (iii) Alchemic method for really transforming lead into gold. (iv) Primeval ‘

    		•
  • Q : Substantial unemployed capacity Lyndon

    Lyndon Johnson's assurances in the year 1964 that the U.S. could fight the Vietnam War devoid of decreasing civilian living standards or government social programs would be valid merely when our economy began from the position: (1) Of complete employment. (2) With sub

    		•