Assumptions of marginal productivity theory:
The marginal productivity theory depends on the assumptions illustrated below:
1. There is perfect competition.
2. Each units of a factor are homogeneous. This means that one unit of a factor is similar as the other.
3. Factors can be replaced for each other. That is, every factor is interchangeable.
4. The theory depends on the law of diminishing returns as exerted to the business. The law of diminishing returns states that when you go on utilizing more and more units of a factor, its marginal returns will reduce. Therefore a firm, whenever it comes to know that the raise in a certain factor is resultant in diminishing returns, then the firm will replace it with certain other factor.
Thus, it will try to decrease the cost of production.
Latest technology based Economics Online Tutoring Assistance
Tutors, at the www.tutorsglobe.com, take pledge to provide full satisfaction and assurance in Marginal Productivity help via online tutoring. Students are getting 100% satisfaction by online tutors across the globe. Here you can get homework help for Marginal Productivity, project ideas and tutorials. We provide email based Marginal Productivity help. You can join us to ask queries 24x7 with live, experienced and qualified online tutors specialized in Marginal Productivity. Through Online Tutoring, you would be able to complete your homework or assignments at your home. Tutors at the TutorsGlobe are committed to provide the best quality online tutoring assistance for Economics Homework help and assignment help services. They use their experience, as they have solved thousands of Economics assignments, which may help you to solve your complex issues of Marginal Productivity. TutorsGlobe assure for the best quality compliance to your homework. Compromise with quality is not in our dictionary. If we feel that we are not able to provide the homework help as per the deadline or given instruction by the student, we refund the money of the student without any delay.
tutorsglobe.com thyrotrophic hormone assignment help-homework help by online metabolic functions of the growth hormone tutors
It is essential to understand the variation between the costing methods and techniques. Costing methods are those that assist a firm to calculate the cost of production or services offered by it.
theory and lecture notes of finite state machines all along with the key concepts of finite state machines, fsm examples, fsm applications and finite state controller. tutorsglobe offers homework help, assignment help and tutor’s assistance on finite state machines.
Theory and lecture notes of Kinked Demand Curves all along with the key concepts of kinked demand curves, Advertising, Non-price competition, Types of Advertising, Optimal Advertising Model. Tutorsglobe offers homework help, assignment help and tutor’s assistance on Kinked Demand Curves.
Scientific methods of investigation tutorial all along with the key concepts of Observing and Communicating, Consensus and Keeping Record of Investigation
tutorsglobe.com total cost assignment help-homework help by online cost and revenue tutors
tutorsglobe.com catalytic properties of d-block assignment help-homework help by online general characteristics of d-block elements tutors
tutorsglobe.com capital budgeting and its importance assignment help-homework help by online capital budgeting and project planning tutors
Theory and lecture notes of Systems of Equations and Inequalities all along with the key concepts of Linear Inequalities, Systems of Linear Inequalities, Multivariable Linear Systems, Partial Fractions. Tutorsglobe offers homework help, assignment help and tutor’s assistance on Systems of Equations and Inequalities.
The insulation given between layers also the space among turns in the interior of the coil consists of substantial amount of air spaces.
Theory and lecture notes of Public Goods all along with the key concepts of public goods, Free Rider Problem, Optimal Output Decision of Public Good, Externalities and Public Goods. Tutorsglobe offers homework help, assignment help and tutor’s assistance on Public Goods.
Top load - involves a wider variety of available models, colors and features like they have been on the market longer, Front load - people are employed to seeing front load washers in Laundromats, several brands are now available for home use.
tutorsglobe.com darwinism assignment help-homework help by online theories of evolution tutors
it is significant to take great care throughout the bearing removal to make sure that the bearing, shaft and housing are not broken. bearing removal is best accomplished through using a bearing puller for standard outer and inner rings.
tutorsglobe.com catabolism of lipids assignment help-homework help by online energy and enzymes tutors
1964462
Questions Asked
3689
Tutors
1463051
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!