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
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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
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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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