Holding other things constant, diminishing marginal productivity happens
Holding other things constant, diminishing marginal productivity happens
Which of the following is a long-run concept? A. Diminishing marginal productivity. B. Diminishing returns. C. Diseconomies of scale. D. Fixed costs.
Diminishing marginal productivity a. means that adding one more unit of the variable input will reduce total product. b. occurs when the marginal product curve begins to slope downward c. occurs eventually because each additional unit of the variable unit has, on average, fewer units of the fixed input with which to work. d. both a and c e. both b and c 7. The marginal rate of technical substitution is a. the rate at which the firm can substitute...
If a firm experiences diminishing marginal productivity, does this imply that they experience diseconomies of scale? Explain
4. If a firm experiences diminishing marginal productivity, does this imply that they experience diseconomies of scale? Explain.
1- If a firm experiences diminishing marginal productivity, does this imply that they experience diseconomies of scale? Explain. 2- Allocative efficiency in perfectly competitive markets depends on the assumption that marginal cost to firms equals marginal cost to society. Using gasoline as an example, what might be some social costs that are not included in the marginal cost to the firm? Explain.
1- If a firm experiences diminishing marginal productivity, does this imply that they experience diseconomies of scale? Explain. 2- Allocative efficiency in perfectly competitive markets depends on the assumption that marginal cost to firms equals marginal cost to society. Using gasoline as an example, what might be some social costs that are not included in the marginal cost to the firm? Explain
Other things held constant, investment in physical capital will increase: labor productivity. national income. wages. all of the above
what happens to total cost curve due to diminishing marginal product and explain the reasons for the curve??
20) Diminishing marginal productivity of capital is exhibited by A) decreasing output per capital over time B) decreases in the change in output to the change in capital C) increasing output D) none of the above
Saved The law of diminishing marginal productivity explains why short-run production costs increase directly with a firm's level of output True or False True False