If a particular production process is subject to diminishing marginal returns to labor at every level...
If a particular production process is subject to diminishing marginal returns to labor at every level of output, then at every level of output
Homework Answers
Diminishing returns to labour explain that what would be the impact on production which states that every unit of input increase after certain point output will reach at maximum and after that it will start falling down.
Now as per above situation in that production process is subject diminishing marginal returns to labor at every level of output then at every level of output will lower the Marginal Productivity of labor.
Add Answer to:
If a particular production process is subject to diminishing
marginal returns to labor at every level...
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...
Which of the following production functions is consistent with the law of diminishing marginal returns? OA...
Which of the following production functions is consistent with the law of diminishing marginal returns? OA ОВ. D C do Output a Labor input. Labinput.
If a production process faces diminishing marginal returns, which of the following is most likely? A...
If a production process faces diminishing marginal returns, which of the following is most likely? A marginal costs are constant B marginal costs are increasing C marginal costs are decreasing D marginal costs may increase and then eventually decrease
Does the following production function have diminishing marginal returns to labor in the SR? Q =...
Does the following production function have diminishing marginal returns to labor in the SR? Q = 5LK1/2 yes no Cannot be determined from the information
1. Diminishing Marginal Returns to labor: (2 points) Fill in the following table and determine where...
1. Diminishing Marginal Returns to labor: (2 points) Fill in the following table and determine where diminishing marginal returns set in. Why is it that there are diminishing marginal returns to labor? Explain. Number of Workers Total Output Marginal Product 0 0 1 4 2 10 3 18 4 28 5 36 6 42 7 44 8 43
The production function 9 = k1.270.5 exhibits: a. increasing returns to scale but no diminishing marginal...
The production function 9 = k1.270.5 exhibits: a. increasing returns to scale but no diminishing marginal productivities. b. decreasing returns to scale. C. increasing returns to scale and diminishing marginal product for / only. d. increasing returns to scale and diminishing marginal products for both k and I.
For a production function with a diminishing, but positive, marginal product of labor: A. Output increases...
For a production function with a diminishing, but positive, marginal product of labor: A. Output increases at an increasing rate as more workers are employed B. Output increases at a decreasing rate as more workers are employed. C. Output declines as more workers are employed. D. The effects on marginal product are unknown.
The production function q = k0.620.5 exhibits: a. increasing returns to scale and diminishing marginal products...
The production function q = k0.620.5 exhibits: a. increasing returns to scale and diminishing marginal products for both k and 1. b. increasing returns to scale and diminishing marginal product for 1 only. c. increasing returns to scale but no diminishing marginal productivities. d. decreasing returns to scale.
8. Calculate the marginal product of labor and average product of labor at each level of...
8. Calculate the marginal product of labor and average product of labor at each level of production in the table below. When does the law of diminishing returns begin to take effect? Units of Labor (L) Units of Output (Q) Marginal Product (MPL) Average Product (APL) 0 60 150 260 OHIN MILON 000 350 420 455 420 375 300 10 T L -
The production function -k0 4710.5. Oa exhibits constant returns to scale and diminishing marginal productivities for...
The production function -k0 4710.5. Oa exhibits constant returns to scale and diminishing marginal productivities for k and 1. Ob. exhibits constant returns to scale and constant marginal productivities for k and 1. c.exhibits diminishing returns to scale and diminishing marginal productivities for k and 1. o d. exhibits diminishing returns to scale and constant marginal productivities for k and I.
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...
Which of the following production functions is consistent with the law of diminishing marginal returns? OA ОВ. D C do Output a Labor input. Labinput.
The production function 9 = k1.270.5 exhibits: a. increasing returns to scale but no diminishing marginal productivities. b. decreasing returns to scale. C. increasing returns to scale and diminishing marginal product for / only. d. increasing returns to scale and diminishing marginal products for both k and I.
The production function q = k0.620.5 exhibits: a. increasing returns to scale and diminishing marginal products for both k and 1. b. increasing returns to scale and diminishing marginal product for 1 only. c. increasing returns to scale but no diminishing marginal productivities. d. decreasing returns to scale.
8. Calculate the marginal product of labor and average product of labor at each level of production in the table below. When does the law of diminishing returns begin to take effect? Units of Labor (L) Units of Output (Q) Marginal Product (MPL) Average Product (APL) 0 60 150 260 OHIN MILON 000 350 420 455 420 375 300 10 T L -
The production function -k0 4710.5. Oa exhibits constant returns to scale and diminishing marginal productivities for k and 1. Ob. exhibits constant returns to scale and constant marginal productivities for k and 1. c.exhibits diminishing returns to scale and diminishing marginal productivities for k and 1. o d. exhibits diminishing returns to scale and constant marginal productivities for k and I.
Most questions answered within 3 hours.
-
Rice Products in Bangladesh
Business behavior is derived in large part from the basic cultural
environment...
asked 7 minutes ago -
The following base sequence is found for a mRNA fragment from
wild-type E. coli: 5'- UAUCAGUAGAUAAUGUAACC-3'...
asked 30 minutes ago -
For this exercise, round all regression parameters to three
decimal places.
One of the two tables...
asked 48 minutes ago -
What is the 5% level of significance for mean = 3.60, standard
deviation = 0.94, and...
asked 52 minutes ago -
Prior to beginning work on this discussion, please read the
article by Hayley Peterson, 15 Companies...
asked 1 hour ago -
Which pair of aqueous solutions, when mixed, will form a
precipitate?
A) NaNO3 and AgC2H3O2
B)...
asked 1 hour ago -
1-Write an algorithm to get two numbers from the user (as
inputs) and calculate the sum...
asked 4 hours ago -
Define white-collar crime. What is the difference between
offender and offense-based definitions of white-collar crime? What...
asked 5 hours ago -
Consider a reaction which is 1st order with respect to A and 1st
order with respect...
asked 5 hours ago -
c++
The length of the hypotenuse of a right-angled triangle is the
square root of the...
asked 5 hours ago -
When a metal rod is heated, not only its resistance but also its
length and cross‐sectional...
asked 5 hours ago -
write a c++ program that computes the L^1 - Norm of a given
vector (L^1 norm...
asked 6 hours ago