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Q: Consider a firm that produce wheat with land labor input discuss contrast diminishing return decreasing return to scale explain why it is possible to have diminishing return for one input and const?
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Increasing marginal utility of goods?

Not possible. Law of Diminishing Marginal utility states that equal additions to a good provide smaller and smaller increases in utility, therefore marginal utility decreases.


Is it possible for real estate to be held in a generation-skipping trust?

Absolutely. Get the help of a lawyer. Consider an irrevocable trust with beneficiary named as one option.


The importance of law of diminishing returns?

As a teacher in Economics, I find that the law of diminishing returns is among the most important and useful concept that everyone should understand. In Economics, the law of diminishing returns appears in the topic dealing with costs. Where any additional workers or variable input added in to the production process will lead to a fall in the quantity produced, in the short run or when at least one factor of production is fixed. However the law of diminishing returns doesn't only have relevance in costs. It's also useful for students to understand this law, as it applies to their study as well. Some student will continue to study for many hours hoping to absorb the knowledge from books or class lecture, however with no break time or sufficient rest, the law of diminishing also applies, where the amount of knowledge absorbed will slowly diminish. This means when the student is fresh or just started the lesson, they can absorb the knowledge like a sponge, as the hour passes by, the knowledge will be absorbed less. Another example that I always tell my students is when they are doing their exam question. Some students will spend a lot of time on one question, believing that the more time or effort spent on the question will mean more marks. At some point, this is true and possible, after a certain point, the effort or time spent may not be worth the effort. For example, lets say there is an essay question which is worth 10 marks. With this mark, the student may have spent 1 hour writing it and a lot of effort to produce the answer. However if the student continue to spend more hours or resources to write it, it can come to a stage where the information is excessive, and it also discourages the student to focus on other important things. This is when the diminishing return sets in. The importance of diminishing returns is to allow individuals to understand that there is a stage or point where returns or benefits of doing something will slowly diminish.


What does the economic recession mean for an average person?

Recession or depression brings mainly the risk of unemployment and lowering purchasing power for people's income - due to possible inflation and lower salaries and wages. Thus, recession or depression may translate to lower standard of leaving for an average person. There are other outcomes that are possible: * Decreasing value of net worth of savings, retirement savings, and investments due to, for example, poor performance of capital markets * Mental depressions and mood swings due to poorer short and medium term outlooks relating to personal lives.


What are the best possible solutions of poverty?

EDUCATION will be always the best possible solution of poverty.

Related questions

Is it possible for the unemployment rate to rise in a boom period?

Although always possible, it is unlikely because a "boom" implies growth which implies more hiring which implies diminishing unemployment.


Does a compare-contrast essay always contrasts and compares when possible?

no it doesn't


What is listed as the contrast of faith in the Bible?

One possible contrast to faith would be doubt. An example of which is illustrated in the discourse between Thomas and Jesus after the resurrection.


Can polonium melt iron?

I consider that is not possible.


What are possible causes of diminishing flour performance?

possible causes included a drop in the amount of protein, a declining protein quality, an ever-increasing number of wheat varieties, the impact of agricultural practices such as irrigation and fertilizers


What is the presentational technique white on black?

The term "contrast" might be applied to the idea as black and white, when held up to compare or "contrast" them, present with about as "opposite" an appearance as is possible.


Is it possible to use a compare-and-contrast essay to write about two or more pieces of literature?

yes


What is true about a compare and contrast essay?

By comparing and contrasting two items, it is possible to understand them better.


Can you explain a pattern in which 14 is the fifth term in a sequence of ten numbers?

It is not possible to explain because you have not specified the nature of the sequence. A sequence can be an arithmetic, or geometric progression, increasing or decreasing. Or it can be a polynomial or power progression, again increasing or decreasing. Or it can be a sequence of random numbers.


What makes a effective simile?

Well, you need "like" or "as". Also, try to make your contrast as striking and descriptive as possible.


How can you be a immortal your self?

Not possible & besides our creator would consider that a punishment.


Is suppose a conjunction?

No, "suppose" is not a conjunction. It is a verb that is often used to introduce a hypothetical situation or to express a belief or assumption.