This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: What is the relationship between the marginal product curve and the total product curve? What ... (Read 86 times)

melina_rosy

  • Hero Member
  • *****
  • Posts: 531
on: Jun 29, 2018
What is the relationship between the marginal product curve and the total product curve?
 
  What will be an ideal response?

Question 2

A government wants to build a hydroelectric dam to reduce flooding in a region and provide electricity to its people.
 
  What type of investment is this? In order to make a decision about whether or not to make the investment, how should the government evaluate this project?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

jjorrostieta

  • Sr. Member
  • ****
  • Posts: 298
Reply #1 on: Jun 29, 2018
Answer to Question 1

The marginal product curve is the slope of the total product curve. Thus, marginal product is positive as long as total product is rising.

Answer to Question 2

A dam is an infrastructure or social investment. The government should estimate the expected returns from the dam over its lifetime and compare them to the expected construction costs by calculating a return on investment. If the return is greater than the opportunity cost, the government should build the dam.


melina_rosy

  • Member
  • Posts: 531
Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

miss.ashley

  • Member
  • Posts: 371
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Despite claims by manufacturers, the supplement known as Ginkgo biloba was shown in a study of more than 3,000 participants to be ineffective in reducing development of dementia and Alzheimer’s disease in older people.

Did you know?

The horizontal fraction bar was introduced by the Arabs.

Did you know?

About 3% of all pregnant women will give birth to twins, which is an increase in rate of nearly 60% since the early 1980s.

Did you know?

The familiar sounds of your heart are made by the heart's valves as they open and close.

Did you know?

The use of salicylates dates back 2,500 years to Hippocrates's recommendation of willow bark (from which a salicylate is derived) as an aid to the pains of childbirth. However, overdosage of salicylates can harm body fluids, electrolytes, the CNS, the GI tract, the ears, the lungs, the blood, the liver, and the kidneys and cause coma or death.

Primary production increases with an increase in total phosphorus concentration. Primary production increases with an increase in total phosphorus concentration.
The vagina, sagittal section showing the location of the vagina and its relationship to the cervix, The vagina, sagittal section showing the location of the vagina and its relationship to the cervix,
A sigmoid (cooperative) binding curve A sigmoid (cooperative) binding curve
Relationship of Victims and Rapists Relationship of Victims and Rapists
Relationship of the lymphatic system to the cardiovascular system. Relationship of the lymphatic system to the cardiovascular system.
The total weight of Peter, David and Henry is 123 kg, Peter is 15 kg heavier than David. David ... The total weight of Peter, David and Henry is 123 kg, Peter is 15 kg heavier than David. David ...
Video: Role of the urinary system - acidosis and alkalosis

For a complete list of videos, visit our video library