the marginalm product of labor must fall over time because the labor force is increasing. do...
the marginalm product of labor must fall over time because the labor force is increasing. do you agree or disagree? why?
Homework Answers
Yes I agree that over time marginal product of labor must fall with labor force increasing due to diminishing marginal returns property. When one of the factors of production is kept fixed there is a limit to the extent to which output can be increased with increase in labor.
Add Answer to:
the marginalm product of labor must fall over time because the
labor force is increasing. do...
Why do you agree or disagree with Engerman & Sokoloff that “Countries are rich because they...
Why do you agree or disagree with Engerman & Sokoloff that “Countries are rich because they had, historically, a lot of land, labor, and capital to begin with.”?
Herbal medicines are increasing in popularity in Canada. Why is there concern over their use? How...
Herbal medicines are increasing in popularity in Canada. Why is there concern over their use? How are natural remedies regulated in Canada? Do you agree that these products should be extensively regulated? Explain. 200 words
"a country with a deficit in its overall international payments runs the risk of increasing inflation...
"a country with a deficit in its overall international payments runs the risk of increasing inflation if it defends its fixed exchange rate by (unsterilized) official intervention in the foreign exchange market" Do you agree or disagree? Why?
Purchasing is not inherently risky because there are a lot of people watching over the process?...
Purchasing is not inherently risky because there are a lot of people watching over the process? Do you (dis)agree with this statement and why?
Which of the following statements is false? a. When the marginal product of labor is increasing,...
Which of the following statements is false? a. When the marginal product of labor is increasing, marginal cost is also increasing. b. The average fixed cost curve is downward sloping and approaches the horizontal axis as output increases. c. The marginal cost curve intersects the average variable cost curve at the minimum point of the average variable cost curved. d. When the marginal cost is greater than the average total cost, the average total cost must be increasing. please explain...
2.Because I am a woman, I must make unusual efforts to succeed. If I fail, no...
2.Because I am a woman, I must make unusual efforts to succeed. If I fail, no one will say, ‘She doesn’t have what it takes.’ They will say, ‘Women don’t have what it takes.’ Clare Boothe Luce a) To what extent do you agree or disagree with this statement? not more than 200 words b) What challenges, if any, do women face when in leadership positions? not more than 400 words
Discuss the following quote: "...the capitalist economy of desire is a manifestation of sin because it...
Discuss the following quote: "...the capitalist economy of desire is a manifestation of sin because it both corrupts desire and obstructs communion. Capitalism is wrong because its discipline distorts human desire." (Bell, p. 88) What does Bell mean by this and do you agree or disagree. Why?
Assume you have the following information about an economy. Labor Force of an Economy Population over...
Assume you have the following information about an economy. Labor Force of an Economy Population over age 16 Labor force Not in the labor force Employed Unemployed Number of People (millions) 243.8 153.6 90.2 144.2 9.4 Instructions: Round your answers to two decimal places. a. What is the unemployment rate in this economy? % b. What is the labor force participation rate? C. Assume that 0.9 million discouraged workers decide to start looking for work again, thereby increasing the number...
Donny argues that the provision of a police force by New York City (NYC) is a...
Donny argues that the provision of a police force by New York City (NYC) is a public good. a. Would you agree that the New York Police Department (NYPD) is a public good given your knowledge of rival and excludable goods? Why or why not? b. If NYC does not tax its citizens, then there is not enough money to fund the NYPD. Donny argues that taxation is not efficient, because it reduces social surplus and creates deadweight loss. He...
“Because managers have so many powerful decision-making tools, they should be able to make more rational...
“Because managers have so many powerful decision-making tools, they should be able to make more rational decisions.” Do you agree or disagree with this statement? Why? What are some of the decision-making tools that managers have?
Assume you have the following information about an economy. Labor Force of an Economy Population over age 16 Labor force Not in the labor force Employed Unemployed Number of People (millions) 243.8 153.6 90.2 144.2 9.4 Instructions: Round your answers to two decimal places. a. What is the unemployment rate in this economy? % b. What is the labor force participation rate? C. Assume that 0.9 million discouraged workers decide to start looking for work again, thereby increasing the number...
Donny argues that the provision of a police force by New York City (NYC) is a public good. a. Would you agree that the New York Police Department (NYPD) is a public good given your knowledge of rival and excludable goods? Why or why not? b. If NYC does not tax its citizens, then there is not enough money to fund the NYPD. Donny argues that taxation is not efficient, because it reduces social surplus and creates deadweight loss. He...
Most questions answered within 3 hours.
-
Two forces are acting on an object. Force 1 on the object is 6.0
N and...
asked 1 minute ago -
You are planning for retirement. You plan to work for 20 years.
Starting a year from...
asked 14 minutes ago -
The African Adventures exhibit water system holds approximately
850,000 gallons (3.2x109 g) of water. The temperature...
asked 6 minutes ago -
which of the following is capital?
the barn a farmer uses to hold the chickens he...
asked 16 minutes ago -
Attribute
Sample Value
Sample Value
Sample Value
Sample Value
pirate_num
11
22
43
54
pirate_lname
James...
asked 9 minutes ago -
10. Two forces act on a 3 kg object, the gravitational force and
a second, constant...
asked 26 minutes ago -
Dividing Partnership Net Loss
Leigh Meadows and Byron Leef formed a partnership in which the
partnership...
asked 23 minutes ago -
Discuss how Entrepreneurial leadership style differs
from traditional leadership?
asked 49 minutes ago -
A futuristic design for a car is to have a large solid
disk-shaped flywheel within the...
asked 47 minutes ago -
Solid NaOH is added to a solution of 0.50 M acetic acid until
the pH of...
asked 50 minutes ago -
Which of the following statements is not a characteristic of the
Internal Revenue Code?
A) The...
asked 58 minutes ago -
Say true or false and explain it.
A heap is represented using an array. The array...
asked 1 hour ago