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From an isoquant map one can illustrate diminishing returns to production by?
Wiki User
∙ 12y ago
Observing the slope of the isoquant as one moves outward on the labour axis but stays at the same point on the capital axis
Wiki User
∙ 12y ago
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What war the 3 stages of production?
Three stages of production are increasing marginal returns, diminishing marginal returns, and negative marginal returns.
What are the stages of production of a firm?
a]increasing marginal returns b]diminishing returns c]negative returns
What is a level of production in which the marginal production decrease with new investment?
diminishing marginal returns
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 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+
What war the 3 stages of production?
Three stages of production are increasing marginal returns, diminishing marginal returns, and negative marginal returns.
What are the stages of production of a firm?
a]increasing marginal returns b]diminishing returns c]negative returns
What is a level of production in which the marginal production decreases with new investment?
diminishing marginal returns
What is a level of production in which the marginal production decrease with new investment?
diminishing marginal returns
What are returns?
Diminishing returns mean that as you put more and more into production, the less output you get out of each additional input.
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 are deminishing returns?
Diminishing returns mean that as you put more and more into production, the less output you get out of each additional input.
Who is responisble for the law of diminishing returns?
An economist by the name of Turgot was responsible for the law of diminishing returns. Thomas Malthus and David Ricardo also had an influence of this principle which evolved from agriculture and food production.
Why is A nation's production possibilities curve is bowed out from the origin?
When there are diminishing marginal returns to factors of production, the PPF is "bowed out" from the origin.
Why is the production possibility curve bowed out from the origin of the curve?
Diminishing Marginal returns to capital and labor.
Why can production take place on or inside the frontier?
This is known as the law of diminishing returns and can occur because factor on the frontier is deemed to be production efficient and production inside frontier.
