Explain the assumptions of Law Diminishing Returns
Explain the assumptions of Law Diminishing Returns.
Expert
The Law of Diminishing Returns is based upon the given assumptions as follows:
Returns are based upon the given assumptions as illustrated:
a. The production technology keeps unchanged
b. Each variable factor is homogeneous.
c. Some one factor is constant
d. The fixed factor keeps constant.
When this purely competitive labor market is primarily in equilibrium at D0L, S0L, a move to equilibrium at D0L, S1L would be probably to follow from increases in: (w) rates of technological advance. (x) the cost of living. (y) labor force participati
What are the important areas of decision making?
What are the types of price discrimination?
On-job training, there a college education, as well as leadership skills is all illustrations of: (w) financial capital. (x) human capital. (y) investment. (z) economic capital. Hey friends please give your opinion for the problem
Explain about leading indices.
Explain the Geometric Method of Measurement of Elasticity.
Illustrates the important question regarding the managerial economics?
Illustrates the marginal cost pricing and differential pricing?
Explain the term Production function.
A backward bending supply curve for labor arises while: (w) firms wish to hire only a specific quantity of labor. (x) there is a change in the elasticity of resource supply. (y) workers prefer leisure over added income above several wage. (z) minimum
18,76,764
1935760 Asked
3,689
Active Tutors
1436199
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!