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because prduct for dimini9shing porpous for end
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∙ 11y ago
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What do you mean when you say productivity is a relative measure?
single factor productivity and total factor productivity
What is diminishing marginal productivity explain with example?
the law diminishinf mean fixed cost and variable cost
Diminishing returns to a factor?
leave this bloody question do some thing else .
What will happen if you overuse a factor of production according to the law of diminishing returns?
It will not be as efficient as before. A+
According to the law of diminishing returns what will happen if you overuse a factor of production?
It will not be as efficient as before. A+
What do you mean when you say productivity is a relative measure?
single factor productivity and total factor productivity
What is diminishing marginal productivity explain with example?
the law diminishinf mean fixed cost and variable cost
Diminishing returns to a factor?
leave this bloody question do some thing else .
Productivity is the ratio of and .?
Total factor productivity is the ratio of total value added and the total cost of inputs.
What will happen if you overuse a factor of production according to the law of diminishing returns?
It will not be as efficient as before. A+
According to the law of diminishing returns what will happen if you overuse a factor of production?
It will not be as efficient as before. A+
What causes productivity to go up?
There are quite a few things that would cause productivity to go up. Efficiency is the number one factor affecting productivity.
How does the law of diminishing marginal productivity affect the cost of productions?
When marginal productivity is diminished, the cost of productions can decrease if the marginal costs for making an extra product is larger than the marginal revenue for that 1 extra unit product.
Causes of increasing and diminishing returns?
Each additional worker has less and less tools and equipments to work with consequently , the productivity of marginal worker eventually decreases
What is factor productivity?
A productive factor is an input capable of producing (use- or exchange-) values, such as Nature (land) and labor, Hasmendi (2004). therefore factor productivity is a process in whicha productive factor produces or adds value to the output (goods and services)
What is the law of diminishing returns?
the law of diminishing returns states that as a set of variable factors is added to a set of fixed factor, the marginal product and average product will first increase then eventually decrease
What is diminishing marginal productivity?
What it comes down to is too many workers, not enough resources for them all to use at the same time to be productive, thus resulting in the decline of production.
