Why do the additions to output fall after a certain number of workers in the short run?
Question:
Why do the additions to output fall after a certain number of workers in the short run?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 0% (1 review)
The additions to output fall after a certain number of workers in the short run due to the law of diminishing marginal returns This law states that as ...View the full answer
Answered By
Saud Ur Rehman
Evaluating manufacturing processes by designing and conducting research programs; applying knowledge of product design, fabrication, assembly, tooling, and materials; conferring with equipment vendors; soliciting observations from operators. Developing manufacturing processes by studying product requirements; researching, designing, modifying, and testing manufacturing methods and equipment; conferring with equipment vendors. Keeping equipment operational by coordinating maintenance and repair services; following manufacturer's instructions and established procedures; requesting special service.
5.00+
1+ Reviews
10+ Question Solved
Related Book For
Economics An Introduction To Traditional And Progressive Views
ISBN: 9780765616685
7th Edition
Authors: Howard J. Sherman, E. K. Hunt, Reynold F. Nesiba, Phillip A. O'Hara, Barbara A. Wiens-Tuers
Question Posted:
Students also viewed these Business questions
-
Planning is one of the most important management functions in any business. A front office managers first step in planning should involve determine the departments goals. Planning also includes...
-
In the applecomputer example, suppose people in the North have the right to charge an entrance fee to immigrants. Assume the world starts from the position of free trade and considers moving from...
-
Do you think there is really any moral difference between setting off a bomb outside a building for some political reason knowing that a certain number of people would be killed and marketing 11...
-
Use the data given in Table 3.9 to compute the mean, standard deviation, coefficient of variation, and coefficient of skewness for the current ratio of JNJ. Table 3.9 Year 1990 1991 1992 1993 1994...
-
Using the data from Exercise 4-11, prepare a trial balance for Apple Computer, Inc., as of September 25, 2004. List the accounts in the order they would appear in the ledger of Apple Computer.
-
Decide whether the FVT is applicable, and if so, find X ss . X ( s ) = s ( 4 s + 1 ) ( s 2 + 3 ) X ( s ) = s ( 4 s + 1 ) ( s 2 + 3 )
-
Using only the factor formulas given in Table 2.6, derive Equation 7.6 starting with Equation 7.3. TABLE 2.6 Summary of Discrete Compounding Interest Factors. To Find Given Factor Symbol Name P F...
-
On January 1, 2014, Kessler Inc. had these stockholders equity balances. Common Stock , $1 par (2,000,000 shares authorized, 600,000 shares issued and outstanding).................$ 600,000 Paid-in...
-
1 = We know that all the statements [4] Consider the system (0.3)-(0.4) in the particular case f(r) = proven in Problem [3] apply to this case, so for example, we know that c2 7 = - 1 12 (0.6) de and...
-
What happens to output in the short run as production increases? What inputs are fixed and which input is variable in the short-run? How does this explain diminishing marginal productivity?
-
Sketch a graph of marginal productivity and average productivity. Label the point where MP = 0 and AP = 0.
-
Which standards setting body has the authority for establishing GAAP for colleges and universities?
-
Provide an example of the first step of presenting the refutation by responding to the following argument: "We should reduce eating meat because the level of our consumption contributes to global...
-
Compare and contrast two worksin Yellow Wallpaper you read in week 1 and The Awakening you read in week 2-- showing how each displays the theme of individual identity.
-
Write a C program that evaluates the equations provided below. The program must prompt the user for inputs to the equations and evaluate them based on the inputs. All variables on the right hand...
-
Presntation (powerpoint) About the importance of communication in the real world and for businessmen that have chain of restaurants all over the world Presntation (powerpoint) About the importance of...
-
Provide two (2) examples of family/cultural practices that influences children's play (Guide: one paragraph)
-
Early in 2008, Robbinsville Press was organized with authorization to issue 100,000 shares of $100 par value preferred stock and 500,000 shares of $1 par value common stock . Ten thousand shares of...
-
The slopes of the tangents at the points where the curve y = x2 - 4x intersects the X-axis is 1) 1 2) +2 3) +3 4) +4
-
What unique problems do not-for-profit businesses encounter in financial analysis and planning? What about short-term financial management? MINI CASE Sandra McCloud a finance major in her last term...
-
What are investment returns? What is the return on an investment that costs $1,000 and is sold after one year for $1,100?
-
Why is the t-bills return independent of the state of the economy? Do t-bills promise a completely risk-free return?
-
1. What is the scope of the teaching case? (2 marks) 2. What is an LMS? (2 marks) 3. What vendors and software were recommended? (2 marks) 4. List and differentiate the four acquisition options for...
-
Discuss the advantages and disadvantages of different Wi-Fi security techniques.
-
Assume in Kenya at a GDP of $160 billion, Aggregate Expenditure (AE) is $80 Billion. At a GDP of $350 billion, AE is $320 Billion. What is autonomous consumption? At what positive value for GDP, will...
Study smarter with the SolutionInn App