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

Author Question: The following table provides information about the relationship between a firm's output and its ... (Read 63 times)

deesands

  • Hero Member
  • *****
  • Posts: 514
on: May 25, 2020

Question 1

The following diagram shows a firm's short-run cost curves.

It indicates that diminishing returns set in at point
◦ y.
◦ x.
◦ z.
◦ somewhere between points x and y.

Question 2

The following table provides information about the relationship between a firm's output and its factors of production in the short run:

WorkersMachinesTotal Output
11 30
21 55
31 75
41 90
51100
Which one of the following statements describes the situation in this firm?
◦ There are increasing marginal returns.
◦ There are increasing returns to scale.
◦ There are diminishing returns to scale.
◦ There are diminishing marginal returns.
Essential Economics for Business ¦ Sloman, Jones ¦ 5th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by deesands on May 25, 2020

ciecieme

  • Sr. Member
  • ****
  • Posts: 331
Reply #1 on: May 25, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 29% of students answer this correctly


deesands

  • Member
  • Posts: 514
Reply 2 on: May 25, 2020
Gracias!

mohan

  • Member
  • Posts: 362
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

People often find it difficult to accept the idea that bacteria can be beneficial and improve health. Lactic acid bacteria are good, and when eaten, these bacteria improve health and increase longevity. These bacteria included in foods such as yogurt.

Did you know?

Lower drug doses for elderly patients should be used first, with titrations of the dose as tolerated to prevent unwanted drug-related pharmacodynamic effects.

Did you know?

Never take aspirin without food because it is likely to irritate your stomach. Never give aspirin to children under age 12. Overdoses of aspirin have the potential to cause deafness.

Did you know?

Malaria mortality rates are falling. Increased malaria prevention and control measures have greatly improved these rates. Since 2000, malaria mortality rates have fallen globally by 60% among all age groups, and by 65% among children under age 5.

Did you know?

In 1864, the first barbiturate (barbituric acid) was synthesized.

Blood pressure and blood volume relationship Blood pressure and blood volume relationship
IQ and Genetics The closer the genetic relationship, the higher the correlation in IQ. Based on: Br IQ and Genetics The closer the genetic relationship, the higher the correlation in IQ. Based on: Br
Use a step stool to help an infirm client get on and off the table. Use a step stool to help an infirm client get on and off the table.
Relationship between blood and lymph capillaries. Relationship between blood and lymph capillaries.
A close relationship between greenhouse gas emissions and a country’s gross domestic product A close relationship between greenhouse gas emissions and a country’s gross domestic product
Role of Factors of Production in Determining Output per Worker, 2009 Role of Factors of Production in Determining Output per Worker, 2009
Video: T cell receptors

For a complete list of videos, visit our video library