--%>

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 : Labor Union-union membership The basic

    The basic idea that unions are more influential than ever before is: (i) Supported by the consequences of unions on inflationary spirals. (ii) Reflected in the growing numbers of violent and expensive strikes. (iii) Contrary to the fact that union membership is refusi

  • Q : Infinity elasticity of demand within

    When price changes for fresh peaches don’t modify total revenue to peach farmers, then the price elasticity of demand for peaches: (w) constant beside a linear demand curve. (x) infinity (the demand curve is horizontal). (y) uni

  • Q : Cost and revenue assume the firm is a

    assume the firm is a price taker and faces a market price of €60 per unit. draw the AR and MR curves

  • Q : Competitive industry widespread

    When a competitive industry experiences widespread economic profits into the short run, in that case in the long run: (w) new firms will enter and prices will fall. (x) entry barriers will be erected. (y) resource costs must fall. (z) dominant firms b

  • Q : Transaction costs in entrepreneurship

    When you became an entrepreneur, in that case the transaction costs incurred in containing a luau for your employees would not comprise: (w) filling your car along with gasoline on the way to picking up the pig and poi. (x) time you u

  • Q : Gini Coefficient in Loren Curve A Gini

    A Gini coefficient for this demonstrated figure can be computed as: (w) area A minus area B. (x) area A × area B.  (y) area C minus [area A + area B]. (z) [area A] / [area A + area B].

    Q : Define cost Cost : This refers to the

    Cost: This refers to the money expenses acquired on the production of a specified amount of commodity.

  • Q : Economic idea of pure competition The

    The market circumstances most intimately conforming to the economic idea of pure competition would be as: (w) a broccoli farmer and the national market for broccoli. (x) your local cable company and the consumer market for cable TV. (y) Nissan vs. GM

  • Q : Pure competition for quantity adjustment

    The only industrial structure in that all firms are pure quantity-adjusting price takers is: (1) impure oligopoly. (2) pure monopoly. (3) pure or perfect competition. (4) monopolistic competition. (5) pure oligopoly.

    Q : Problem on Marginal resource costs Can

    Can someone help me in finding out the right answer from the given options. The synonymous words marginal factor costs or the marginal resource costs signify to the: (i) Cost incurred in generating an additional unit of capital. (ii) Cost to the resource owner of secu