Law of diminishing marginal returns does not hold then, Ask an Expert

Economics

law of diminishing marginal returns does not hold then output of the world can be produced in a flower pot. Explain?

Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M9515705

Have any Question?Write your Review or question?

Related Questions in Microeconomics

Question assume that us imports have an income elasticity

Question: Assume that US imports have an income elasticity of 1.3 and a price elasticity of -0.5, and US exports have an income elasticity of 1.2 and a price elasticity of -0.7. They also have a ‘‘repercussion elasticity ...

Question new us tax legislation could include a tax credit

Question: New U.S. tax legislation could include a tax credit for the use of alternative energy sources that significantly reduces the cost of using alternative fuels. Explain, in economic terms, how this may impact the ...

Assignment consumer demand analysis and estimation applied

Assignment: Consumer Demand Analysis and Estimation Applied Problems Please complete the following two applied problems: Problem 1: Patricia is researching venues for a restaurant business. She is evaluating three major ...

Question describe the jobs of different types of

Question: Describe the jobs of different types of salespeople and list the characteristics of successful salespeople; Identify a characteristic that you personally need to develop to be a successful salesperson, should y ...

Question what economics priniciples discussed by

Question: What Economics priniciples discussed by Stonebraker should have warned us that ObamaCare (PPACA) would increase premiums rather than reduce them? Should government protect workers by capping premiums? Why or wh ...

Question what advantages do the two countries have that

Question: What advantages do the two countries have that make one or both of them candidates for trade and investment for that specific industry? Industry: Hospitality (Hotel) Countries: UAE and United Kingdom

Question consumers problem ed is a programmer who has

Question: Consumer's Problem Ed is a programmer, who has preferences over the consumption good and leisure given by U(C, l) = Cl. He needs to use at least 8 hours a day for sleep, eating, etc., but he can in principle wo ...

Question explain how it is possible for an economy in the

Question: Explain how it is possible for an economy in the recovery phase of the business cycyle to have a lower GDP and higher unemployment rate than when it was in the recession phase of the business cycle. The respons ...

Question you are a leading business executive for the

Question: You are a leading business executive for the following type of company: (A) Pharmaceutical manufacturer, (B) Airline, (C) Computer disc drives, (D) Mortgage broker, (E) Management consultant, (F) Department sto ...

Question despite the decline in unionization the presence

Question: Despite the decline in unionization, the presence of unions has an impact on labor conditions in the nonunion sector. List and explain three complications that arise in measurement of the pure union wage advant ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Microeconomics Expert