--%>
Assignment Help - homework help

Marginal product

I can't discover the answer of this question of my economy assignment. Help me out to go through this question. If any variable input is not scarce input, then at maximum output what would be its marginal product?

   Related Questions in Microeconomics

  • Q : Cruise ship pollution-an economic

    This exercise inspects why ‘greywater’ dumped from cruise ships can be vision as an economic difficulty and the complexities of dealing with this.

    		•
  • Q : Market structure of oligopoly firm

    Assume that a firm is conscious which rival firms will adjust to counter any changes in the firm’s policies and accordingly, the firm behaves strategically while this sets prices, terms to customers or output levels. That a firm is operating in a market

    		•
  • Q : Price elasticity of demand at high and

    Moving by left to right along demand curve D, then price elasticity of demand for cheesy fried grits of Pixie is mostly: (w) positive, then unitary, then negative. (x) constant and equivalent to one. (y) greater at high prices than at low prices. (z)

    		•
  • Q : Profit Maximization-Labor Can someone

    Can someone help me in finding out the right answer from the given options. All the profit maximizing organizations employ labor up to the point where: (w) MR   MC is maximized. (x) VMP = MFC. (y) VMP = MRP. (z) MRP = MFC.

    		•
  • Q : Purely competitive market at

    For a purely competitive market at any equilibrium point on the short-run supply curve: (w) all firms have identical marginal costs. (x) economic profit is positive. (y) accounting profit is normal. (z) marginal revenue = average cost.

    Q : Long run problem In long run , the

    In long run, the actions of successful speculators tend to rise: (i) Gains and raise consumer’s costs. (ii) Output and decrease the volatility of prices. (iii) Corruption and Bribery in government. (iv) The volatility of both prices and outputs.

    		•
  • Q : Case of heroin in public policies When

    When heroin were legalized in that case: (w) its price would fall and fewer addicts would connect in crime to support their habits. (x) the attractiveness of becoming a supplier would increase. (y) more people might experiment along with the drug since the price is re

    		•
  • Q : Zero elasticity for demand curves When

    When any truly existed, then perfectly inelastic demand curves would include: (i) price elasticities of infinity and be horizontal. (ii) zero elasticity and be horizontal. (iii) a slope of one. (iv) price elasticities of infinity and would be vertical

    		•
  • Q : Individual Welfare Recipients If an

    If an individual receives benefits from the government, associate to the benefits everyone else receives, which exceed the individual’s taxes like a proportion of total tax payments by all citizens, which individual can reasonably be viewed like

    		•
  • Q : Firms supply curve in short run

    Describe firm’s supply curve in short run, operating in perfect competition? Answer: It is a MC curve of the firm beginning from a point where MC = AVC (that is, minimum).

    		•