What is Diminishing Returns to Scale
What is Diminishing Returns to Scale?
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Under this stage, a proportionate increase in each input result only less than proportionate increase within output. It is due to the diseconomies of large scale production. While the firm grows further, the problem of management happen that result inefficiency and this will influence the position of output.
Decreases in derived demands are best demonstrated while: (1) illegal aliens reduce equilibrium wage rates for unskilled workers. (2) swim suit sales plummet at the ends of summer vacations. (3) undocumented construction workers begin leaving the Unit
The entire given can be used to calculate average profit except: w) marginal profit minus marginal cost. x) total profit divided by quantity. y) average revenue minus average total cost. z) price minus average total cost.
State the causes for downward sloping of demand curve?
When this purely competitive labor market is primarily in equilibrium at of D0L, S0L, a shift to equilibrium at D2L, S0L would be probably to follow by increases in: (1) minimum wage laws. (2) imports of this good from forei
Write down the features of Marginal costing?
Explain the term business cycle in brief.
The arc elasticity of Plastibristle’s demand for labor between point a and point b is: (1) 0.375. (2) 0.667. (3) 0.833. (4) 1.200 (5) 2.000. Q : Explain the different types of income Explain the different types of income elasticity of demand.
Explain the different types of income elasticity of demand.
Where managerial economics treat as a tool? Answer: Managerial economics is like a tool for decision making and forward planning.
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