What is the principle of diminishing marginal returns?
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 83% (12 reviews)
As additional units of a variable res...View the full answer
Answered By
Ali Khawaja
my expertise are as follows: financial accounting : - journal entries - financial statements including balance sheet, profit & loss account, cash flow statement & statement of changes in equity -consolidated statement of financial position. -ratio analysis -depreciation methods -accounting concepts -understanding and application of all international financial reporting standards (ifrs) -international accounting standards (ias) -etc business analysis : -business strategy -strategic choices -business processes -e-business -e-marketing -project management -finance -hrm financial management : -project appraisal -capital budgeting -net present value (npv) -internal rate of return (irr) -net present value(npv) -payback period -strategic position -strategic choices -information technology -project management -finance -human resource management auditing: -internal audit -external audit -substantive procedures -analytic procedures -designing and assessment of internal controls -developing the flow charts & data flow diagrams -audit reports -engagement letter -materiality economics: -micro -macro -game theory -econometric -mathematical application in economics -empirical macroeconomics -international trade -international political economy -monetary theory and policy -public economics ,business law, and all regarding commerce
4.00+
1+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Economics questions
-
What is the principle of diminishing marginal benefit? In Problem 27, does Sams, Nicks, or the societys marginal benefit diminish faster? In problem Marginal benefit Sam Number of street lights Nick...
-
The notion of diminishing returns applies to all inputs to the production process. For example, one of the inputs in the production of corn is nitrogen fertilizer. Suppose a farmer has a fixed amount...
-
1. Consider the example of Xenas copy shop. Adding a second worker increased output by 300 pages. If she added a third worker, her output would increase by fewer than ________ pages. 2. If a firm is...
-
3. In this problem the bond sells for a premium, which indicates that interest rates have declined. The current yield is $70/$1,222 = 5.73%. To confirm that interest rates have declined, determine...
-
Write a structural formula for each of the following compounds: (a) 2-Phenylbutanoyl bromide (e) 2-Phenylbutanamide (b) 2-Phenylbutanoic anhydride (f) N-Ethyl-2-phenylbutanamide (c) Butyl...
-
Discuss femicide. What are some unanticipated consequences of removing girl infants from the population?
-
Harold Brodkey is engaged in the audit of the Longview Corporation's financial statements for the year ended December 31, 1999, and is about to begin auditing noncurrent investment securities....
-
Wanda Lux must select a supplier for a plastic bottle and proprietary dispenser for its new hair shampoo. Three suppliers have placed bids; at Wandas request all bids are for a shipping quantity of...
-
Your company has a Microsoft Teams Phone deployment with a Microsoft Calling Plan. You acquire a new user phone number. You create an auto attendant and a call queue for the Sales department. You...
-
Look up a companys website, examine the company reports, and prepare an implemented ethics assessment in which you list the ethical dilemmas explicitly addressed by the company and the ethics...
-
Why may a firm choose to continue to operate in the short run even though it is suffering an economic loss?
-
Define opportunity cost and give an example of such a cost in reference to the use of a productive resource.
-
Describe a reason why transfers of terminable interests should not qualify for the marital deduction.
-
Any business can elect to be an S corporation. True or False
-
Jackson Paulson works as a waterskiing instructor at Migis Lodge on Sebago Lake. He claims unemployment from October through April. Jackson experiences which type of unemployment? a. Frictional b....
-
Liabilities include losses associated with breaches of contract or from damages. True or False
-
At which point in the business cycle is the economy when GDP declines for two or more successive quarters? a. Peak b. Recession c. Trough d. Expansion or recovery
-
Employees can be sure their behavior out of the office a. has no impact on stockholders. b. cannot impact their career if they blog under a fake name. c. matters to employers only during the hours...
-
Many companies compete in a number of market segments. Discuss an example of one such company and describe how it communicates with its customers in different market segments.
-
(a) Find the equation of the tangent line to f(x) = x 3 at the point where x = 2. (b) Graph the tangent line and the function on the same axes. If the tangent line is used to estimate values of the...
-
What is fractional reserve banking, and why is it the key to bank profits? (Hint: What opportunities to make profits would banks lose if reserve requirements were 100 percent?) Why does fractional...
-
During the 1980s and early 1990s, a rash of bank failures occurred in the United States. Explain why these failures did not lead to runs on banks.
-
Each year during Christmas shopping season, consumers and stores increase their holdings of cash. Explain how this development could lead to a multiple contraction of the money supply.
-
Some enterprising physics students working on a catapult decide to have a water balloon fight in the school hallway. The ceiling is of height 3 . 4 m, and the balloons are launched at a velocity of 9...
-
1-Define electric fields and how it helps us understand electricity. 2-Electric fields are represented as a physical effect of a configuration of charges that is created by the attraction of electric...
-
Why thin film on a glass surface can remove completely reflections at certain light wavelength? Magnesium fluoride (n = 1.38) is used as coating on nonreflecting glass. How thin coating is enough to...
Study smarter with the SolutionInn App