Explain the assumptions of Law Diminishing Returns
Explain the assumptions of Law Diminishing Returns.
Expert
The Law of Diminishing Returns is based upon the given assumptions as follows:
Returns are based upon the given assumptions as illustrated:
a. The production technology keeps unchanged
b. Each variable factor is homogeneous.
c. Some one factor is constant
d. The fixed factor keeps constant.
I am uploading another project. Please provide cost and estimated delivery day. Thanks.
Illustrates the internal economies of scale?
Illustrates the important areas of managerial economics as a tool for decision making?
For labor Plastibristle’s demand is most wage elastic at: (1) point a. (2) point b. (3) point c. (4) point d. Q : Illustrates the major objectives of Illustrates the major objectives of demand analysis?
Illustrates the major objectives of demand analysis?
I HAVE A PROBLEM ANSWERING A QUESTION:'REVIEW THE ECONOMIC THEORIES OF ECONOMICS'
Hulk counsels five clients at a time within exercise groups at Beefcake Body Builders. Hulk hourly wage is $17, and also Beefcake charges Hulk’s clients $20 for every hour-long fitness session. When fitness counselors are hired from competitive labor mar
The knowledge gained while an Apple employee learns a specialized technique on an iPod assembly line is an illustration of: (w) comparative technological advantage. (x) specific training. (y) on-the-job leveraging. (z) general training. Q : What are the responsibilities of What are the responsibilities of managerial economists?
What are the responsibilities of managerial economists?
Since an economy moves downward all along the production possibility frontier which is concave from beneath, the: (1) Opportunity cost of the good whose production goes increasing. (2) Law of rising returns outcomes ever lower costs. (3) Dollar value
18,76,764
1955642 Asked
3,689
Active Tutors
1454821
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!