Explain the laws of returns to variable proportions. What are the factors that cause increasing and decreasing

Question:

Explain the laws of returns to variable proportions. What are the factors that cause increasing and decreasing returns to a variable input?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Managerial Economics

ISBN: 9789325986688

8th Edition

Authors: D N DWIVEDI

See More Books

Question Posted: Oct 07, 2024 04:01 AM

See More Questions

If you were in charge of B&D, indicate the possible decisions you might take as regards the four Ps and the points you would want to keep in mind as you go about the task of marketing for...
What are some of the challenges and potential problems of implementing a CRM system and CRM mindset in a firm's employees? How might you overcome these?
A gas-turbine plant operates on the regenerative Brayton cycle with two stages of reheating and two-stages of intercooling between the pressure limits of 100 and 1200 kPa. The working fluid is air....
Explain the laws of returns to variable proportions. What are the factors that cause increasing and decreasing returns to a variable input?
Scientists at Anschultz Laboratories, Inc., have just perfected Dentalite, a liquid substance that dissolves tooth decay. The substance which is generated by a complex process involving five...
You have just received a windfall from an investment you made in a friend's business. He will be paying you $16,014 at the end of this year, S32,028 at the end o following year, and $48,042 at the...
How is short run and long run determined in the context of production of a commodity? How are short-run laws of production different from the long-run laws of production?
( a) What is meant by the marginal revenue product of a variable input? ( b) How is the optimum level of employment of a variable input determined?
Amanda Forbes was hired as a nail technician by Showmann, Inc., in 2011. In 2017, Forbes attended a work-related holiday party where Showmann distributed raffle tickets to employees. One of the...
Please slove fast and use Australian taxation law for reference Steve is an editor employed full time at a major Australian book publisher "WritePublishing". In his spare time, Steve enjoys writing...
List the names of 4 items of legislation or regulations or codes that affect selling financial products or services. Type a brief summary of each of the 4 items you have chosen above.
1)Classify the bias in the following scenarios (Justify your reason): A random poll asks the following question: "The proposed casino will produce a number of jobs and economic activity in and around...
3 . Individual Problems 1?-4 Your company has a customer who is shutting down a production line, and it is your responsibility to dispose of the extrusion machine. The company could keep it in...
Your company has a customer who is shutting down a production line, and it is your responsibility to dispose of the extrusion machine. The company could keep it in inventory for a possible future...
Consider the following alternatives: The analysis period is 10 years, but there will be replacement for Alternative B at the end of 5 years. Based on a 15% interest rate, determine which alternative...
Tarick Toys Company manufactures video game consoles and accounts for product costs using process costing. The following information is available regarding its June inventories. The following...

Explain the laws of returns to variable proportions. What are the factors that cause increasing and decreasing

Question:

Step by Step Answer:

Managerial Economics

Students also viewed these Business questions