What are diminishing marginal returns?
Question:
What are diminishing marginal returns?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 71% (7 reviews)
Diminishing marginal returns also known as the law of diminishing returns is an economic concept that describes the phenomenon where the addition of o...View the full answer
Answered By
Rohail Amjad
Experienced Finance Guru have a full grip on various sectors, i.e Media, Insurance, Automobile, Rice and other Financial Services.
Have also served in Business Development Department as a Data Anlayst
4.70+
32+ Reviews
83+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
The unadjusted trial balance of Farmer Investment Advisers at December 3 1 , 2 0 1 6 , follows: ( Click the icon to view the unadjusted trial balance. ) Adjustment data at December 3 1 , 2 0 1 6 :...
-
1. In the short-run, there are three stages of production. Identify or define each of these and then discuss why a Manager would never knowingly produce in either Stage I or Stage III. 2. Suppose you...
-
15) Economic costs of production differ from accounting costs in that A) economic costs include expenditures for hired resources while accounting costs do not. B) economic costs add the opportunity...
-
An investor utilizes a bull call spread by purchasing a call option for a premium of $10. The call option comes with a strike price of $50 and expires in July 2020. At the same time, the investor...
-
Using this information, calculate the amount of income from unknown sources, if any, using the net worth method. Homegrown Gardens, LLP, is a $10 million nursery and garden retailer in Florida....
-
Bruno Company has decided to expand its operations. The bookkeeper recently completed the statement of financial position shown on the next page in order to obtain additional funds for expansion....
-
Determine the eigenvalues and eigenvectors of the following equations: a. \(\dot{x}=x-y, \quad \dot{y}=x+3 y\) b. \(\dot{x}=x+y, \quad \dot{y}=4 x+y\)
-
Multiple-Choice Questions 1. Microsoft found that instead of producing a DVD player and a gaming system separately, it is cheaper to incorporate DVD playing capabilities in their new version of the...
-
What role do issues like child care play in the the process of women advancing to leadership positions? In an interview with Bloomberg, former New Zealand Prime Minister Helen Clark discusses the...
-
Is the economic model of decision-making intended as a literal description of how individuals, firms, and the governments actually make decisions?
-
Explain why societies cannot make a choice above their production possibilities frontier and should not make a choice below it.
-
Sony Corporation reported the following in the summary of Significant Problems Accounting Policies included in the company's 2012 annual report on Form 20-F: Translation of Foreign Currencies All...
-
Requirement 1. Make the general journal entry to create the petty cash fund. Include an explanation. (Record debits first, then, credits. Select the explanation on the last line of th journal entry...
-
During the current year, Ron and Anne sold the following assets: (Use the dividends and capital gains tax rates and tax rate schedules.) Capital Asset L stock M stock N stock 0 stock Antiques Rental...
-
Watch this video and give your opinion on the short Ted Talk. https://youtu.be/JKS7HWy2TRU?si=7iQQyh-zYLaW40Ad How did a film you saw in life change you? How did it make you see the world...
-
Consider an individual of height h = 164 cm. If the pressure in the person's veins in their feet is p = 99 mm Hg, what is the pressure in the veins at the top of their skull (in units of mm Hg)? Only...
-
What advice would you give Eric to help him make his decision? ERIC: PART FOUR During Eric's follow-up meeting with his manager, they agreed on some adjustments to improve his morale. Since then, he...
-
There are two major college entrance exams that a majority of colleges accept for admission, the SAT and ACT. ACT looked at historical records and established 21 as the minimum score on the ACT...
-
Avatar Financials, Inc., located on Madison Avenue, New York City, is a company that provides financial advice to individuals and small- to mid-sized businesses. Its primary operations are in wealth...
-
That companies can present useful information in shorter time periods such as years, quarters, or months is known as which of the following? A. Separate entity concept B. Monetary measurement concept...
-
State the accounting equation, and explain what each part represents.
-
Match the correct term with its definition. A. cost principle B. full disclosure principle C. separate entity concept D. monetary measurement concept E. conservatism F. revenue recognition principle...
-
Suppose the Coffee Bean has a new shop in a Cambridge village shopping center that sells high-end teas and coffees. Further, suppose it has added smoothie drinks to its product line. Below are the...
-
The St. Louis to Seattle Railroad is considering acquiring equipment at a cost of $148,000. The equipment has an estimated life of 10 years and no residual value. It is expected to provide yearly net...
-
(b) The table below provides values of f(x) for 5 points x = [0,2] with step size h=0.5. Use the table to approximate f(x)dx using the following methods. x 0 0.5 1 1.5 2 f(x) 1 1.7737 3.7183 7.8567...
Study smarter with the SolutionInn App