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If the marginal product of labor starts being negative explain what must be done to lead to increasing returns?
Wiki User
∙ 9y ago
A businesses can add more machinery to increase their marginal product of labor. With more machinery, employees will work the same number of hours, but produce more products.
Wiki User
∙ 9y ago
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When a production function gets flatter the marginal product is increasing?
True
What are increasing marginal returns?
ncreasing marginal returns mean that marginal product is greater for each subsequent unit of a variable input than it was for the previous unit. Decreasing marginal returns, as such, mean that marginal product is less for each subsequent unit of a variable input than it was for the previous unit.
Explain why marginal physical product would diminish as More professors are hired in the economics department?
zabi
What is the Value of marginal product of labor?
Marginal product of labour is no of quantity u can get by increasing labour by one quantity i.e in simple term suppose u have N labour initially and they r manufacturing P product and then u r hiring one more labour for your work keeping all other factore constant so now your production is P' so P'-P is called marginal product of labour and if u r multiplying it with price of one product u will get value of marginal product of labor.
How do you input the marginal product equation in excel?
how do you find marginal product on excel
When average product is highest Options Total product is maximum Marginal product is maximum Marginal product is zero Marginal product is negative?
Negative
What is increasing returns to a factor?
It occurs when an additional unit of labour employed brings a marginal product greater than the previous marginal product.
When a production function gets flatter the marginal product is increasing?
True
What are increasing marginal returns?
ncreasing marginal returns mean that marginal product is greater for each subsequent unit of a variable input than it was for the previous unit. Decreasing marginal returns, as such, mean that marginal product is less for each subsequent unit of a variable input than it was for the previous unit.
Explain why marginal physical product would diminish as More professors are hired in the economics department?
zabi
What is the Value of marginal product of labor?
Marginal product of labour is no of quantity u can get by increasing labour by one quantity i.e in simple term suppose u have N labour initially and they r manufacturing P product and then u r hiring one more labour for your work keeping all other factore constant so now your production is P' so P'-P is called marginal product of labour and if u r multiplying it with price of one product u will get value of marginal product of labor.
How do you input the marginal product equation in excel?
how do you find marginal product on excel
Relationship between Tota Product Marginal Product and Average Product?
Average Product = (Total Product) / (Labor) Marginal Product(2) = (Total Product)(2) - (Total Product)(1)
What is the difference between the marginal product of labor and the marginal revenue product of labor?
moarginal product of labor
What is the relationship between marginal physical product MPP and marginal cost MC Provide an examples?
what is the relationship between marginal physical product and marginal cos
Marginal product curve?
A marginal product curve is a visual presentation that demonstrates the relationship between the marginal product and the quantity of its input. All other inputs are fixed.
Relationship between total and marginal product?
Total product is the sum of all marginal products.
