Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jul 06, 2024

Please explain why the law of diminishing returns applies only in the short-term period.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Principles Of Econometrics

Authors: R Carter Hill, William E Griffiths, Guay C Lim

5th Edition

1118452275, 9781118452271

Students also viewed these Economics questions

Question

★★★★★

A piston/cylinder, shown in Fig P5.133, contains R-12 at 30C, x = 20%. The volume is 0.2 m3. It is known that Vstop = 0.4 m3, and if the piston sits at the bottom, the spring force balances the other...

Answered: 1 week ago

Question

★★★★★

Appropriately incorporate collaboration and cooperative learning in your classes.

Answered: 1 week ago

Question

★★★★★

Identify several courses of action that Tamira could have taken instead of the one she took?

Answered: 1 week ago

Question

★★★★★

4 7 6 . .

Answered: 1 week ago

Question

★★★★★

An accrual of a reserve for bad debt expense by an accrualbasis taxpayer meets the standards of allevents and economic performance. A True B False

Answered: 1 week ago

Question

★★★★★

11.7 A copper bar with a cross-sectional area of 1.5 in. is loaded as shown. What is the total change in length of the bar? Ec = 16 x 100 psi. Def=0.044 in 4 ft 10.000 lb 4000 lb - 8 ft PROB. 11.7

Answered: 1 week ago

Question

★★★★★

Divergent LTD is an investment company which owns a number of subsidiary companies. Each subsidiary produces a particular product or service. The subsidiary companies are grouped into three divisions...

Answered: 1 week ago

Question

★★★★★

A cylindrical casting of diameter 200 mm and height 100 mm is to be casted. From the previous observations it was found that to cast a shaft of 150 mm diameter and 500 mm length, the casting time is...

Answered: 1 week ago

Question

★★★★★

Illustrate a strategic timeline to obtain/maintain market penetration in 1 year. Illustrate a strategic timeline to increase production capacity in 3 years Illustrate a strategic timeline to market...

Answered: 1 week ago

Question

★★★★★

1 General triangles 1 General triangles 2 You are stuck in place P and there is a landmark (L) in your sight that is at an angle of 42 to a reference line as in the picture. You know that there is a...

Answered: 1 week ago

Previous Question Next Question