Homework Answers
Answer)
The tendency for the marginal product of labour to eventually decrease as more of the variable factor is employed, CP, is critical to understanding the law of Diminishing marginal returns.
So, correct option is Marginal Product of labor.
Correct option is D.
If you have any doubts please comment...
Add Answer to:
The tendancy for the_ _to eventually decrease as more of the varialble factor (labour) is employed,...
The law of diminishing returns means that Multiple Choice O total product will eventually increase at...
The law of diminishing returns means that Multiple Choice O total product will eventually increase at a decreasing rate as more inputs are employed. O the marginal product will increase at an increasing rate. O average total costs are rising and then falling as output is increased. O average fixed cost will fall as production increases.
8. Adding more workers in a Subway store will eventually decrease marginal product of labor. This...
8. Adding more workers in a Subway store will eventually decrease marginal product of labor. This can be explained by a. Constant returns of scale b. Law of diminishing marginal product of labor Law of decreasing returns to scale d. c. Economies of scale Say, you are an entrepreneur, making designer T-shirts in your garage for questions 9-11. Your firms tota cost (TC) is given as TC 250+ 10 Q. Here, Qrefers to quantity of t-shirts. 9. Your fixed costs...
The first second, and third workers employed by a firm add 25, 18, and 10 units...
The first second, and third workers employed by a firm add 25, 18, and 10 units to total product, respectively. On the basis of this information, we can say that: the total product of the three workers is 9 the average product of the three workers is 3 the law of diminishing marginal returns is not evident in this example the marginal product of the third worker is 8 the law of diminishing marginal returns starts with the addition of...
The marginal product of labour (MPL) at a particular labour input level (L) corresponds to the...
The marginal product of labour (MPL) at a particular labour input level (L) corresponds to the __ on the total product of labour (TPL) curve. O area under the curve between 0 and a particular level of L area above the curve between 0 and a particular level of L slope of the ray from the (0,0) origin to the particular level of L slope of a tangent line at the particular level of L The average product of labour...
The first second, and third workers employed by a firm add 24, 18, and 9 units...
The first second, and third workers employed by a firm add 24, 18, and 9 units to total product, respectively. On the basis of this information, we can say that: the total product of the three workers is 9 the average product of the three workers is 3 the law of diminishing marginal returns is not evident in this example the marginal product of the third worker is 9 the law of diminishing marginal returns becomes evident with the addition...
Quiz: Quiz 7 Submit Quiz OL This Question: 1 pt 1 of 15 (complete) This Quiz:...
Quiz: Quiz 7 Submit Quiz OL This Question: 1 pt 1 of 15 (complete) This Quiz: 15 pls possible Fill in the blanks to make the following statements correct. a. The law of diminishing marginal returns tells us that as more of a variable factor is used in combination with given quantities of fixed factors, the marginal product of the variable factor will eventually decrease b. The is the change in total output resulting from the use of one additional...
The short run marginal cost curve in the traditional microeconomic model of production eventually rises because...
The short run marginal cost curve in the traditional microeconomic model of production eventually rises because of a. diseconomies of scale. b. diminishing marginal revenues. c. rising fixed costs. d. increasing marginal productivity of variable inputs. e. diminishing marginal returns. . If the long-run average cost of production falls as the firm increases its level of output, then the firm exhibits a. constant returns to scale. b. constant marginal costs. c. economies of scale. d. diseconomies of scale. e. diminishing...
QUESTION 1 In the short run, the ATC curve is _____ above the AVC curve. A....
QUESTION 1 In the short run, the ATC curve is _____ above the AVC curve. A. always B. sometimes C. never 2 points QUESTION 2 As output rises, A. AFC rises. B. AFC falls. C. AFC remains the same. D. there is no way of determining what happens to AFC. 2 points QUESTION 3 When average total cost is declining, then A. marginal cost must be less than average total cost. B. marginal cost must be greater than...
28) The law of diminishing returns, as it applies to labor, means that A) the marginal...
28) The law of diminishing returns, as it applies to labor, means that A) the marginal product of labor will eventually be a horizontal line at zero. B) the average product of labor starts to decline before the marginal product of labor. C) total output eventually decreases. D) the average product of labor increases at a decreasing rate. E) the marginal product of labor eventually decreases as more labor is added with capital held fixed. 29) A firm's short-run labor...
2. The table below shows the total production of a firm as the quantity of labour...
2. The table below shows the total production of a firm as the quantity of labour employed increases. The quantities of all other resources employed are constant. Unit of labour Total product Marginal product Average product of labour of labour 165 200 225 240 245 a) Compute the marginal and average products. (2 marks) b) Draw the marginal and average product curves on a graph paper. (4 marks) c) Assume that the labour is the only variable input used and...
The law of diminishing returns means that Multiple Choice O total product will eventually increase at a decreasing rate as more inputs are employed. O the marginal product will increase at an increasing rate. O average total costs are rising and then falling as output is increased. O average fixed cost will fall as production increases.
8. Adding more workers in a Subway store will eventually decrease marginal product of labor. This can be explained by a. Constant returns of scale b. Law of diminishing marginal product of labor Law of decreasing returns to scale d. c. Economies of scale Say, you are an entrepreneur, making designer T-shirts in your garage for questions 9-11. Your firms tota cost (TC) is given as TC 250+ 10 Q. Here, Qrefers to quantity of t-shirts. 9. Your fixed costs...
The first second, and third workers employed by a firm add 25, 18, and 10 units to total product, respectively. On the basis of this information, we can say that: the total product of the three workers is 9 the average product of the three workers is 3 the law of diminishing marginal returns is not evident in this example the marginal product of the third worker is 8 the law of diminishing marginal returns starts with the addition of...
The marginal product of labour (MPL) at a particular labour input level (L) corresponds to the __ on the total product of labour (TPL) curve. O area under the curve between 0 and a particular level of L area above the curve between 0 and a particular level of L slope of the ray from the (0,0) origin to the particular level of L slope of a tangent line at the particular level of L The average product of labour...
The first second, and third workers employed by a firm add 24, 18, and 9 units to total product, respectively. On the basis of this information, we can say that: the total product of the three workers is 9 the average product of the three workers is 3 the law of diminishing marginal returns is not evident in this example the marginal product of the third worker is 9 the law of diminishing marginal returns becomes evident with the addition...
Quiz: Quiz 7 Submit Quiz OL This Question: 1 pt 1 of 15 (complete) This Quiz: 15 pls possible Fill in the blanks to make the following statements correct. a. The law of diminishing marginal returns tells us that as more of a variable factor is used in combination with given quantities of fixed factors, the marginal product of the variable factor will eventually decrease b. The is the change in total output resulting from the use of one additional...
28) The law of diminishing returns, as it applies to labor, means that A) the marginal product of labor will eventually be a horizontal line at zero. B) the average product of labor starts to decline before the marginal product of labor. C) total output eventually decreases. D) the average product of labor increases at a decreasing rate. E) the marginal product of labor eventually decreases as more labor is added with capital held fixed. 29) A firm's short-run labor...
2. The table below shows the total production of a firm as the quantity of labour employed increases. The quantities of all other resources employed are constant. Unit of labour Total product Marginal product Average product of labour of labour 165 200 225 240 245 a) Compute the marginal and average products. (2 marks) b) Draw the marginal and average product curves on a graph paper. (4 marks) c) Assume that the labour is the only variable input used and...
Most questions answered within 3 hours.
-
Please explain steps:
An 80 kg swimmer steps off a platform 10 m above the water...
asked 20 minutes ago -
A lottery exists where balls numbered 1 to 17 are placed in an
urn. To win,...
asked 23 minutes ago -
26) Briefly describe, using words or simple diagrams, the
chemiosmotic theory for coupling oxidation to phosphorylation...
asked 2 hours ago -
Suppose that XX is a random variable with mean 16 and standard
deviation 5 . Also...
asked 3 hours ago -
Calculate the number density of argon gas at a temperature of
24C and a pressure of...
asked 6 hours ago -
Alternative
Classification
How to Estimate
Probabilities from Data? ( For continuous Attributes)
And How to generate...
asked 6 hours ago -
An explosion breaks a 20.0-kg object into three parts. The
object is initially moving at a...
asked 7 hours ago -
Calculate the approximate number of residues of Rubisco, which
is involved in carbon fixation in plants,...
asked 8 hours ago -
Other decisions about scientific claims can have a much broader
impact.ENERGYarrow-10x10.png, environment, health, security - all...
asked 9 hours ago -
I need to write a research paper and work cited about this
topic: The United States...
asked 9 hours ago -
Hello! I was wondering if I could have some help?
If the vapor pressure of carvone...
asked 9 hours ago -
An economist wants to estimate the mean per capita income (in
thousands of dollars) for a...
asked 10 hours ago