Business

Business, 31.07.2019 23:50, fatherbamboo

What is the marginal product? (a.)amount of input used in the coat of production (b.)increase in input added by the last unit output (c.)total change in output (d.)increase in output added by the last unit of input

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Business, 21.09.2019 02:30, chloe1226

What is the law of diminishing returns? the law of diminishing returns states that a. dividing the tasks to be performed through division of labor will increase the marginal product of labor. b. the long-run average cost of production falls as output increases. c. adding more of a variable input to the same amount of a fixed input will eventually cause the marginal product of the variable input to decline. d. producing more output by adding more of a variable input will eventually cause the marginal cost of production to decline. e. adding more of a variable input to the same amount of a fixed input will eventually cause the marginal product of the fixed input to decline.

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Business, 24.09.2019 22:30, alexiahall2616

Match the appropriate definition with the appropriate term. everything that is produced in a given amount of time with a given amount of inputthe change in output because of a change in inputas more of one input is added to a fixed supply of everything else, productivity increases up to a point; however, at some point it will diminish and ultimately may reach a negative amount. oa) a-marginal product, b-total product, c-law of diminishing returns ob) a-law of diminishing returns, b-marginal product, c-total product oc) a total product, b-law of diminishing returns, c-marginal product od) a-total product, b-marginal product, c-law of diminishing returns

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Social Studies, 26.09.2019 02:30, tkies1028

How is the marginal product of labor determined? a. by averaging the increase in units of input b. by subtracting the increase in input from the increase in output c. by dividing the decrease in input by the increase in output d. by finding the increase in output added by the last unit of input

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