Determining the law of diminishing returns
Explain the law of diminishing returns (in your response make sure you discuss the relationship between marginal and average productivity). Do you think the law of diminishing returns is binding when technology is improving? Explain your answer.
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On the basis of the three individual demand schedules below, and assuming these three people are the only ones in the society, determine (a) the market demand schedule on the assumption that the good is a private good, and (b) the collective dema
The Orange Corporation was audited for the year ended December 31 and the reports were delivered on February 15. After the fieldwork was completed on January 25, the auditor learned of a two-for-one stock split on February 1. If dual dating is use
Create a 800 to 1,050 word business proposal in which you provide recommendations to the company for increasing revenue for the company, achieve ideal production levels, determine how fixed and variable costs should be adjusted to maximize profit
An entity's income statements were misstated due to the recording of journal entries that involved debits and credits to an unusual combination of expense and revenue accounts. The auditor most likely could have detected this irregularity by
Holt Company purchased a computer for $8,000 on January 1, 2009. Straight-line depreciation is used, based on a 5-year life and a $1,000 salvage value. In 2011, the estimates are revised. Holt now feels the computer will be used until December 31,
Suppose at this time of the last year the exchange reate between US and Japan is 1 US Dollar worth 115 Japenese Yen. Now it becomes 1 US Dollar worth 95 Japanes Yen. Also suppose in the past year the inflaton rate is about 3& in US but 0% in
What is the value of GDP? What is the value of net domestic product? What is the value of net investment? What is the value of net exports?
On december 31,Springer ,Inc. has 3,000 shares of 6%$100 par value cumulative preferred stock and 45,000 shares of $10 par value common stock outstanding.On december 31,2010,the directors declare a $12,000 cash dividend.The entry to record the dec
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