ANSWER:)
(B) marginal product is decreasing
Diminishing marginal returns implies that O A. marginal product is constant. O B. marginal product is decreasing. O C....
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.
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
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.
The phenomenon of marginal product decreasing as employees are added to production is referred to as Select one: a. zero economic profit. b. negative returns to scale. c. increasing total product. d. diminishing returns.
The phenomenon of marginal product decreasing as employees are added to production is referred to as Select one: a. zero economic profit. b. negative returns to scale. c. increasing total product. d. diminishing returns.
The demand curve slopes downwards due to Diminishing Marginal Product of Labor B Decreasing Marginal Costs Diminishing Marginal Utility Decreasing Long-run Average Cost
Cabinets question
Diminishing marginal returns occur when: O total product decreases. O each additional unit of a variable factor adds more to total output than the previous unit. the marginal product of a variable factor is increasing at a decreasing rate. each additional unit of a variable factor adds less to total output than the previous unit. Marginal Product of Labor of Labor Quantity of (workers) Cabinets (cabinets per worker) cost, how many workers would your firm employ? (Table: Production...
According to the law of diminishing returns a. Production increases at a decreasing rate b. Production increases at a increasing rate c. Production decreases at a decreasing rate d. Production decreases at an increasing rate
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.