--%>

Marginal product

I can't discover the answer of this question of my economy assignment. Help me out to go through this question. If any variable input is not scarce input, then at maximum output what would be its marginal product?

   Related Questions in Microeconomics

  • Q : Moral Hazard evidence Cameron is

    Cameron is performing a research project on whale migration at Pacific Ocean. To assist with this research she hires a Ph.D. from the MIT to make computer software to organize data, paying the software genius $150,000 for his services. The Ph.D. assures Cameron that t

  • Q : For the firm For the firm, the major

    For the firm, the major goal of profit sharing plans is to: force workers to incur some of the business risk. overcome the monopsony problem of having to pay higher wages to attract additional workers. overcome the principal-agent problem by better aligning the workers' interests with

  • Q : A legal price floor and revenues Assume

    Assume that the U.S. wheat market is firstly into equilibrium on S0D0. Now assume the government institutes a legal price floor at P3 per bushel of wheat. When the government does nothing else, one outcome will be such

  • Q : Value of a product according place I

    I have a problem in economics on Value of a product according place. Please help me in the following question. The ice has a higher price in Texas, Dallas than Anchorage and Alaska. The raised value of the ice is due to its changing: (i) Form. (ii) Po

  • Q : Income Elasticities of Demand Question:

    Question: (a)  Suppose the income elasticity of demand for pre-recorded music compact disks is +4 and the income elasticity of demand for a cabinet maker's work is +0.4.  Compare the impact on pre-recorde

  • Q : Excessively high production costs to

    The merely fast food restaurant conveniently located close to a fast-growing suburb may be rather profitable despite sloppy management and poor quality control. There market power can enable several firms along with excessively high production

  • Q : Price elasticity of demands for moving

    Moving from point d to point e beside demand curve D, the price elasticity of demands of DVDs of video games at equal: (a) 0.8. (b) one. (c) 1.10. (d) 1.25. (e) 2.50

    Q : Substitutes and compliments pizza and

    pizza and sausage substitute or compliment wheat and rye substitute or compliment

  • Q : Labor Unions-jurisdictional strikes

    Preceding to the merger of the American Federation of Labor and Congress of Industrial Organizations to the AFL CIO merger in year 1955: (1) The AFL was an alliance of the industrial unions. (2) The CIO was an alliance of the craft unions. (3) Jurisdictional strikes o

  • Q : Explain about most price elasticity

    Which of the given recommend that supply is most price elastic: (1) a pay hike from $400 to $800 monthly raises military enlistees from 12,000 to 28,000 monthly. (2) A 20% increase in goat milk production follows a 40% increase in the price of cow mil