If a firm has diminishing returns to labor over some range of output, it cannot have economies
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (7 reviews)
False Diminishing returns to labor is a shortrun concept measured w...View the full answer
Answered By
Patrick Busaka
I am a result oriented and motivated person with passion for challenges because they provide me an opportunity to grow professionally.
5.00+
38+ Reviews
58+ Question Solved
Related Book For
Macroeconomics Principles and Applications
ISBN: 978-1133265238
5th edition
Authors: Robert e. hall, marc Lieberman
Question Posted:
Students also viewed these Economics questions
-
If a firm has a fixed asset base, meaning that its depreciation and amortization for any year is positive, discuss the relation between its Accounting DOL and its Cash Flow DOL.
-
If a firm has no mutually exclusive projects, only independent ones, and it also has both a constant required rate of return and projects with conventional cash flow patterns, then the NPV and IRR...
-
If a firm has a net income for the year, will the balance in the Retained Earnings account equal the net income? What is the meaning of the balance of the account?
-
Donna is a Malaysian tax resident, working as a manager in the human resource department of a telecommunication company. Her remuneration yearly salary amounted to RM82,860. Her husband, Don service...
-
Find the dimension of the subspace of M2,2. a gila.+ b = c, b + c = d, c + d a
-
Bellingham bonds have an annual coupon rate of 8 percent and a par value of $1,000 and will mature in 20 years. If you require a return of 7 percent, what price would you be willing to pay for the...
-
Suppose that a one-way analysis of variance involves four treatments but that a different number of observations (e.g., $n_{i}$ ) has been taken under each treatment. Assuming that $n_{1}=3, n_{2}=2,...
-
Ajax Corporation has two divisions. The Mining Division makes toldine, which is then transferred to the Metals Division. The toldine is further processed by the Metals Division and sold to customers...
-
i would like to understand what proximity managment means ? and ales need to describe proximity management as a behavioural support strategy.
-
Following is information from the Fitbit Inc. financial statements. $ thousands Dec. 31, 2018 Dec. 31, 2017 Dec. 31, 2016 Revenue $1,511,983 $1,615,519 $2,169,461 Accounts receivable, net 414,209...
-
A soft drink manufacturer that uses just labor (variable) and capital (fixed) paid a consulting firm thousand of dollars to calculate short-run costs at various output levels. But after the cost...
-
Draw the long-run total cost and long-run average cost curves for a firm that experiences: a. Constant returns to scale over all output levels. b. Diseconomies of scale over low levels of output,...
-
In recent years, economists have argued about the true value of the real interest rate at any one time and over time. Given that the Nominal interest rate = Real interest rate + Expected inflation...
-
Briefly differentiate linear search algorithm from a binary search algorithm.
-
Write a note on the advantages and disadvantages of the BFS algorithm.
-
What is the difference between a directed graph and a non-directed graph?
-
Write and explain a C program to implement a linear search algorithm?
-
Explain different ways of deleting of nodes in the BST.
-
(Let x be an integer and y a nonzero integer for this argument.) If Q is a rational number, then Q = x/y , where x/y is a reduced fraction. Q x/y , where x/y is a reduced fraction. Therefore, Q is...
-
Determine the center and radius of each circle. Sketch each circle. 4x 2 + 4y 2 9 = 16y
-
What could a technical communicator do, if anything, to be more critically conscious of the mediating effects of tools?
-
In the example in the chapter, the balanced budget multiplier was equal to 1.0. Prove that this must always be the case in our model, regardless of the value of the MPC or the amount by which G and T...
-
Suppose the required reserve ratio is 0.2. If an extra $20 billion in reserves is injected into the banking system through an open market purchase of bonds, by how much will the money supply...
-
If the Fed buys $50 million of government securities, by how much will the money supply increase if the required reserve ratio is 0.15? How will your answer be different if the required reserve ratio...
-
The articles of partnership for Pal - Trotter Partnership provide for a salary allowance of $ 5 , 3 0 0 per month for partner Trotter, with the balance of net income to be divided equally. If Trotter...
-
The City of Piglet reported property tax revenues in 2020 in the amount of $10 million. The deferred inflow-property taxes reported in the General Fund's balance sheet was $300,000 on December 31,...
-
Texas Roadhouse is expecting to earn $ 5 million in revenue for the next fiscal year. How much net income would the company need to generate from that revenue to achieve a net profit margin ratio of...
Study smarter with the SolutionInn App