As we add more capital to more labor, eventually the law of diminishing marginal returns will set
Question:
“As we add more capital to more labor, eventually the law of diminishing marginal returns will set in.” What is wrong with this statement?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (1 review)
The law of diminishing marginal returns holds only when ...View the full answer
Answered By
Utsab mitra
I have the expertise to deliver these subjects to college and higher-level students. The services would involve only solving assignments, homework help, and others.
I have experience in delivering these subjects for the last 6 years on a freelancing basis in different companies around the globe. I am CMA certified and CGMA UK. I have professional experience of 18 years in the industry involved in the manufacturing company and IT implementation experience of over 12 years.
I have delivered this help to students effortlessly, which is essential to give the students a good grade in their studies.
3.50+
2+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
The unadjusted trial balance of Farmer Investment Advisers at December 3 1 , 2 0 1 6 , follows: ( Click the icon to view the unadjusted trial balance. ) Adjustment data at December 3 1 , 2 0 1 6 :...
-
The table to the right represents the production function for Hawg Wild, a small catering company specializing in barbecued pork. The numbers in the cells represent the number of customers that can...
-
15) Economic costs of production differ from accounting costs in that A) economic costs include expenditures for hired resources while accounting costs do not. B) economic costs add the opportunity...
-
If the end of the cord is pulled downward with speed v C , determine the angular velocities of pulleys A and B and the speed of block D. Assume that the cord does not slip on the pulleys. Given: VC =...
-
Differentiate between leading economic indicators, coincident indicators, and lagging indicators.
-
Bay Oil produces two types of fuels (regular and super) by mixing three ingredients. The major distinguishing feature of the two products is the octane level required. Regular fuel must have a...
-
Schenk, Inc., sells desk lamps and desks. The following information is from the June income statement. Schenks management is interested in knowing the number of lamps and desks it must sell to earn...
-
The shareholders' equity of Raven Company is as shown: Common stock, $ 10 par .............. $250,000 Additional paid-in capital on common stock ....... 150,000 Retained earnings ...................
-
A random sample of 92 observations produced a mean x=25.7 and a standard deviation s=2.4. c. Find a 99% confidence interval for .
-
Suppose an MC curve falls when output is in the range from 1 unit to 10 units. Then it flattens out and remains constant over an output range from 10 units to 20 units, after which it rises over a...
-
If the short run is six months, does it follow that the long run is longer than six months? Explain your answer.
-
Chezo, Inc., is a large cheese store chain. Shown are selected items adapted from a recent Chezo, Inc., balance sheet. (Dollar amounts are in the millions.) Cash .......................................
-
Could you elucidate the nuanced dialectics between Moore's Law and Kondratiev waves within the overarching framework of the technology cycle, unraveling the intricate mechanisms by which exponential...
-
The set of all positive primes less than -1 but greater than 100. (ii) The set of all real-valued solutions for the equation x-x+x-1=0. (iii) The set of all integers divisible by 7 in the range [0,...
-
Swifty Enterprises sold $740,000 of accounts receivable to Wildhorse Factors, Inc. on a without recourse basis under IFRS, as the risks and rewards have been transferred to Wildhorse. The transaction...
-
Tax Evaluation - Beth Johnson's Income from Partnership This activity provides hands - on experience in assessing and reporting partnership incomes, offering insights into the intricacies of tax...
-
How does the intricate interplay between technological obsolescence, innovation diffusion, and disruptive paradigms delineate the contours of the contemporary technology cycle, and what implications...
-
How would e-commerce improve the revenue/collection cycle?
-
Suppose a population of bacteria doubles every hour, but that 1.0 x 106 individuals are removed before reproduction to be converted into valuable biological by-products. Suppose the population begins...
-
How do you calculate Revenue Per Unit Sold? Answer one drop down" Retail Selling Price minus Cost of Goods Sold Answer two drop down" Retail Selling Price minus marketing costs Answer three drop...
-
In April 2 0 2 3 , the yield on government bonds ( 3 - year term ) was at 1 2 % year . The risk premium of NEU bonds is 2 % . So , the investor requires a return of 1 4 % / year when investing in...
-
Barry Cuda is considering the purchase of the following Builtrite bond: $ 1 0 0 0 par, 4 3 / 4 % coupon rate, 1 5 year maturity that is currently selling for $ 9 7 0 . If Barry purchases this bond,...
Study smarter with the SolutionInn App