The marginal product of capital curve has what type of slope? | |||||||||
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A negative slope
Reason- Marginal product of capital means additional production due to one unit increase in capital input while keeping all other inputs constant. As we keep on increasing the capital, there is no addition to the production. Due to Law of diminishing productivity. MPk decreases and can eventually become negative.
The marginal product of capital curve has what type of slope? a negative slope a positive...
Marginal Revenue Product (MRP) curve is: Multiple Choice the market demand curve for labour and, is the sum of supply of labour to individual firms. the market demand curve for labour and, is the horizontal summation of the marginal factor cost to the individual firms. the market demand curve for labour and, it refers to the increase in total revenue resulting from sale of an additional unit of output. the market demand curve for labour and, is the vertical summation...
In the mean-standard deviation graph an indifference curve has a ________ slope. a) negative b) zero c) positive d) northeast e) cannot be determined
When the slope of the total product curve begins to flatten, A. marginal product must be increasing. B. additional inputs add more and more to total product than those added before. C. total cost must be increasing at an increasing rate. D. total cost must be increasing at a decreasing rate.
Question 7 point What is the slope of perfectly elastic demand curve? a Downward from left to right Upward from left to right Horizontal straight line Vertical straight line d
3 TT Find the slope of the tangent line to polar curve r = 7 – 6 sin 0 at the point ( 7 – 6- 2 2 3 TT TT Find the points (x, y) at which the polar curve r = 1 + sin(e), 0 < has a vertical 4 4. and horizontal tangent line. Vertical Tangent Line: Horizontal Tangent Line:
Consider the following statements: If the marginal product of capital is substantially higher than the marginal product of labor, the isoquants are relatively steep when labor is on the horizontal axis and capital is on the vertical axis. Diminishing MRTS means a firm must add increasing amounts of labor in order to give up each additional unit of capital while maintaining output. Only I is false Only II is false Both I and II are false Neither I nor II...
Question 27 3.75 pts The negative slope of the demand curve reflects the: O positive relationship between income and quantity. o proportional relationship between price and quantity. inverse relationship between price and quantity inverse relationship between income and price. positive relationship between price and quantity Next Previous Submit No new data to save last checked at am
Identify two changes that would shift the marginal product of capital curve INWARD
QUESTION 4 The slope of an isocost line shows: the ratio of the marginal revenue product of the inputs. O the ratio of marginal product of the inputs. the marginal rate of technical substitution. the ratio of the input prices. the output elasticity of production. QUESTION 5 If the marginal product per dollar spent on capital is less than the marginal product per dollar spent on labor, then in order to minimize costs the firm should use less capital and...
Consider a monopoly that has a demand curve that is a straight line that intersects the vertical axis at a price of $7 and has a slope of -2. The marginal revenue curve for this firm will have a slope of: (Carefully follow all numeric instructions.)