Explain how studying for an exam is subject to the law of diminishing marginal productivity.
Question:
Explain how studying for an exam is subject to the law of diminishing marginal productivity.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 0% (1 review)
The law of diminishing marginal productivity is an economic concept that states that as one input is increased while keeping other inputs constant the ...View the full answer
Answered By
Fahmin Arakkal
Tutoring and Contributing expert question and answers to teachers and students.
Primarily oversees the Heat and Mass Transfer contents presented on websites and blogs.
Responsible for Creating, Editing, Updating all contents related Chemical Engineering in
latex language
4.40+
8+ Reviews
22+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
Multiple Choice Questions: 1. The long run a. Is a period in which a firm can adjust all its inputs. b. Can vary in length from industry to industry. c. Is a period in which all costs are variable...
-
Is studying for an economics exam subject to the law of diminishing marginal returns? If so, what is the fixed input? What is the variable input?
-
(Q-1) A business firm sells its product at $5 per unit. The firm's total cost is $30 plus $2 per unit of its product. Question 1: What is the Break-Even Quantity? Question 2: If the firm's maximum...
-
Repeat the instructions of Exercise 1 for Graph the function Then discuss, in detail, limits, one-sided limits, continuity, and one-sided continuity of at x = -1, 0, and 1. Are any of the...
-
List seven trends in the workplace that affect business communicators. Be prepared to discuss how they might affect you in your future career?
-
The distribution of the ages of the winners of the Tour de France from 1903 to 2016 is approximately bell-shaped. The mean age is 27.9 years, with a standard deviation of 3.3 years. Use the...
-
Assume your audit objective is to estimate the upper error limit for an audit population and, therefore, you select probability-proportional-to-size (PPS) sampling. From prior year working papers and...
-
Santiago Manufacturing Company began operations on January 1. During the year, it started and completed 2,000 units of product. The company incurred the following costs. 1. Raw materials purchased...
-
The firm's production function tell you if a twofold (threefold, etc) increase in all inputs increases output by less than twofold (less than threefold, etc.). Based on this information answer the...
-
Will transferable or inherent comparative advantages be more impacted by the law of one price? Why?
-
Draw a graph of both the marginal cost curve and the average cost curve.
-
Graph y = cot x and its derivative together for 0 < x < . Does the graph of the cotangent function appear to have a smallest slope? A largest slope? Is the slope ever positive? Give reasons for your...
-
Sumarize: Older U.S. couples will be able contribute more than $10,000 annually toward tax-free health savings accounts. Under guidance the IRS announced Tuesday that goes into effect next year,...
-
After discussing the details of the market segment you are targeting with your Marketing and Risk Departments, your team learned that consumers would prefer access to longer loan terms. The Risk...
-
The following are the number of units produced and total cost of production of Company ZYX for the first three months of the year: 100,000 units @ $1,650,000 125,000 units @ $2,050,000 90,000 units...
-
Roger Inc. owns 90% of the common shares of Soldier Inc. For the year ended December 31, 20X4, Solider earned $20,000 of net income and paid $5,000 in dividends. What is the journal entry made by...
-
What would the balances of Williams and marks capital accounts be? All profit and losses will be shared equally if based on these accounts Williams contributed 83,000 cash mark contributed land...
-
RATIO ANALYSIS OF COMPARATIVE FINANCIAL STATEMENTS Refer to the financial statements in Problem 24-8B. REQUIRED Calculate the following ratios and amounts for 20-1 and 20-2 (round all calculations to...
-
The National Collegiate Athletic Association (NCAA) and the National Federation of State High School Associations (NFHS) set a new standard for non-wood baseball bats. Their goal was to ensure that...
-
In the early 2000s, China was running a large current account surplus. a. What did this suggest about its financial and capital account? b. China's private balance of payments was in surplus. What...
-
Draw the fundamental analysis of the supply and demand for the British pound in terms of dollars. Show what will happen to the exchange rate with those curves in response to each of the following...
-
The government of Never-Never Land, after much deliber-ation, finally decides to switch to a fixed exchange rate policy. It does this because the value of its currency, the neverback, is so high that...
-
We Deliver Inc. is a grocery delivery service. They charge $1.20 per mile to all customers. They have variable expenses of $.55 per mile and fixed expenses of $2,950 per month. Historically, the two...
-
Using the CPI calculator located here: https://www.bls.gov/data/inflation calculator.htm, determine the following: Produce a 2023-US-Dollar Equivalent monthly budget for Scott in Microsoft Excel....
-
Gina owns a limo service in the City that drives all the most exclusive tech executives and placed an advertisement for a New Director of Transportation. John Smith, who had recently moved from a...
Study smarter with the SolutionInn App