as extra systems of a variable reresource are included to a resolved reresource, marginal product will certainly decline past some point.
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As successive quantities of one resource (labor) are added to addressed quantities of other sources (capital), past some allude the resulting additional or marginal output will certainly decrease.
If a variable input is added to some addressed input, past some point the resulting extra output will decline. This statement describes
Other points equal, if the solved expenses of a firm were to increase by $100,000 per year, which of the adhering to would happen?
If a firm wanted to recognize how much it would certainly conserve by creating one less unit of output, it would certainly look to
TVC will certainly rise for a time at a diminishing price, but then beyond some suggest will rise at an increasing rate.
n the brief run the Sure-Screen T-Shirt Company is producing 500 devices of output. Its average variable costs are $2.00 and its average solved costs are $.50. The firm"s full costs:
Since the marginal product of a variable reresource at initially increases and then decreases as the output of the firm is increased
The Sunshine Corporation finds that its prices are $40 as soon as it produces no output. Its full variable prices (TVC) adjust through output as displayed in the accompanying table. Use this information to answer the following question.Refer to the indevelopment. The total price of developing 3 devices of output is:
The ABC Corporation decreases every one of its inputs by 12 percent and finds that its output falls by only 8 percent. This suggests that initially it was producing:
An sector comprised of a really large variety of sellers creating a standardized product is well-known as:
If a firm in a pudepend competitive industry is challenged via an equilibrium price of $5, its marginal revenue:
The demand also curve in a pucount competitive market is ______, while the demand curve to a single firm in that sector is ______.
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If a firm is confronted via financial losses in the brief run, it will certainly decide whether or not to produce by comparing:
An market made up of 40 firms, namong which has more than 3 percent of the complete market for a identified product, is an instance of:
An sector consisted of of a tiny variety of firms, each of which considers the potential reactions of its rivals in making price-output decisions, is called:monopolistic competition.
A monopolistically competitive market combines elements of both competition and monopoly. It is correct to say that the competitive aspect outcomes from:
A firm finds that at its MR = MC= output (Q= 10 units), its ATC = $100, AVC = $80, AFC = $9, and also complete revenue is $900. This firm should: