Why does diminishing marginal product mean that the marginal revenue product will eventually fall?
Question:
Why does diminishing marginal product mean that the marginal revenue product will eventually fall?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 57% (7 reviews)
Since marginal revenue product equals marginal product times marginal revenu...View the full answer
Answered By
YOGENDRA NAILWAL
As I'm a Ph.D. student, so I'm more focussed on my chemistry laboratory. I have qualified two national level exams viz, GATE, and NET JRF (Rank 68). So I'm highly qualified in chemistry subject. Also, I have two years of teaching experience in this subject, which includes college teacher as well as a personal tutor. I can assure you if you hire me on this particular subject, you are never going to regret it.
Best Regards.
5.00+
1+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
Why does production eventually experience diminishing marginal returns to labor in the short run?
-
Why does the law of diminishing marginal product imply the law of increasing costs?
-
Why does the assumption of diminishing marginal utility of income imply risk aversion? Can you think of other assumptions that would result in risk-averse behavior (such as the purchase of insurance)...
-
The chief accountant for Dickinson Corporation provides you with the following list of accounts receivable that were written off in the current year: Dickinson Corporation follows the policy of...
-
Consumer Reports measures owner satisfaction of various automobiles by asking the survey question, "Considering factors such as price, performance, reliability, comfort and enjoyment, would you...
-
The graph shows Canadian wheat exports in dollars, from January 2006 to May 2009, in light blue, together with two exponential smoothings. One exponential smoothing has the smoothing parameter =...
-
The term emf is an acronym for electromotive force. Why is this a misnomer?
-
How should Intuit gauge the results of its research among younger consumers with mobile devices?
-
11. An incompressible liquid is kept in a container having a weightless piston with a hole. A capillary tube of inner radius 0.1 mm is dipped vertically into the liquid through the airtight piston...
-
If efficiency required absolute advantage, how many houses, factories, cars, farms, etc., would be efficient? Why are people, capital, equipment, cars, etc., used even when they arent the best?
-
If you could mow the lawn half as fast as your brother, when would it be efficient for you to mow the lawn? What if you were twice as fast? What is the opportunity cost principle involved?
-
Assume that today is March 7, and, as the newest hire for Goldman Sachs, you must advise a client on the costs and benefits of hedging a transaction with options. Your client (a small U.S. exporting...
-
The store hired you to design a database management system to assist in keeping track of its customers and rental inventory. Draw your EER diagram based on the following narrative about a computer...
-
You will need the Ratio Summary and the Comparative Analysis documents related to Dry Supply, Inc., in order to apply what you have learned so far to perform a comparative ratio analysis. To access...
-
Identify three different ideas for research questions based on your current job, or a problem that has come to your attention, or an area that you have been investigating. In which you briefly...
-
Assets 5 Current assets A Best Buy Co., Inc. Consolidated Balance Sheets $ millions, except per share amounts Cash and cash equivalents Receivables, net O Merchandise inventories 0 Other current...
-
In this question you will implement a Naive Bayes classifier for a text classification problem. You will be given a collection of text articles, each coming from either the serious European magazine...
-
What are the primary international sales closing techniques?
-
Portal Manufacturing has total fixed costs of $520,000. A unit of product sells for $15 and variable costs per unit are $11. a). Prepare a contribution margin income statement showing predicted net...
-
Assume that inflation depends on two things: the level of aggregate demand, indicated by the inverse of unemployment (1/U), and the expected rate of inflation ( e t ). Assume that the rate of...
-
In the accelerationist model, if the government tries to maintain unemployment below the natural rate, what will determine the speed at which inflation accelerates?
-
What is meant by inflation bias? What factors affect the potential magnitude of inflation bias?
-
After 10 years of semi-annual compounding, an 8000 investment in a GiC earns 3000 in interest. What is the nominal interest rate?
-
When two identical firms compete in Bertrand competition, in equilibrium: a) both firms make a positive profit. b) both firms charge a price above marginal cost. c) one firm gets driven out of the...
-
Required: a. Calculate ROI for 2023. Note: Do not round intermediate calculations. Round your final answer to 2 decimal places. b. Calculate ROE for 2023. Note: Round your answer to 1 decimal place....
Study smarter with the SolutionInn App