Business

Business, 02.11.2019 03:31, charliesteioff14

Assuming technology and production techniques are fixed and cannot change, if beyond some point of production, a firm experiences declining units of additional output with each additional unit of labor input, then the firm is experiencing the law of:

answer

Answers: 1

Show answers

Similar questions

Предмет

Business, 20.07.2019 09:00, bzhsh8282

Afirm producing good y recently increased monthly production from 1,500 units to 2,000 units. this had no impact on the market price of good y. at the new production level of 2,000 units, the firm's average cost is $3.5 while its marginal cost of production is $4. the marginal revenue however is fixed at $5 for all levels of output. jake williamson is the operations head of the firm. jake feels that, since the firm has the capacity, it should have increased production further to 2,500 units which would have maximized profits. on the other hand, mathew hayden of the market research team anticipates an increase in price to $5.5 in the near future. he therefore claims that the firm may not be maximizing economic profit in the short run even at 2,500 units

Answers: 1

Предмет

Computers and Technology, 31.07.2019 01:20, dbrwnn

The difference between technology and technological change is that technology involves the use of capital equipment while technological change requires the use of brain power. technology refers to the processes used by a firm to transform inputs into output while technological change is a change in a firm's ability to produce a given level of output with a given quantity of inputs. technology is carried out by firms producing physical goods but technological change is an intellectual exercise into seeking ways to improve production. technology is product-centered, that is, developing new products with our limited resources while technological change is process-centered in that it focuses on developing new production techniques.

Answers: 3

Предмет

Business, 12.11.2019 23:31, pinkycupcakes3oxbqhx

Recall the model with firm performance differences in a single integrated market discussed in the chapter. now assume that a new technology becomes available. any firm can adopt the new technology, but its use requires an additional fixed-cost investment. the benefit of the new technology is that it reduces a firm's marginal cost of production by a given amount. could it be profit maximizing for some firms to adopt the new technology but not profit maximizing for other firms to adopt that same technology? which firms would choose to adopt the new technology? how would they be different from the firms that choose not to adopt it? assuming that if a firm invests in the technology, it will face a fixed cost t, but face a marginal cost ct which is lower than its marginal cost c without the technology,

Answers: 1

Предмет

Business, 13.11.2019 01:31, tina7659

Distinguish between the short run and the long run. in the short run, in the long run, a. a firm's plant is fixed; a firm can change its plant b. the quantity of only one factor of production is fixed; the quantities of all factors of production can be varied c. all factors of production are variable except technology; the quantities of all factors of production can be varied d. all costs are sunk costs; the quantity of only one factor of production is fixed

Answers: 3

Do you know the correct answer?

Assuming technology and production techniques are fixed and cannot change, if beyond some point of p...

Questions in other subjects:

Konu

History, 20.10.2020 06:01

Compare and contrast hawaii and alaska...

Konu

Mathematics, 20.10.2020 06:01

Match each equation to a solution. 2X=64...

Konu

Spanish, 20.10.2020 06:01

Escribe un Análisis poético del soneto Homenaje a Garcilaso de la Vega....

Konu

Mathematics, 20.10.2020 06:01

PLEASE HELP AS SOON AS YOU CAN ...

Konu

Arts, 20.10.2020 06:01

Can you help me to find this Which two numbers on the number line have an absolute value of 1.25...

Konu

Mathematics, 20.10.2020 06:01

If f(x)=2x²+5 andq(x)=x²-2 find (f-g)(x)...

Konu

English, 20.10.2020 06:01

Write your outline about the effectiveness of advertising in the space provided below. Include previous sections into this document before submitting this research graphic organize...

Konu

Biology, 20.10.2020 06:01

Which of the following is a correct statement on the state of an enzyme at the conclusion of a chemical reaction ? A( The enzymes is not changed by the chemical reaction. B(...

Konu

Health, 20.10.2020 06:01

Stating the consequences of drug use is a resistance strategy that can involve A explaining why the drug is harmful for you В. explaining possible negative side effects of t...

Konu

Mathematics, 20.10.2020 06:01

12y-3x=-72 standard time slope intercept simplified...

Other tasks in the category: Business More task