0
What else can I help you with?
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
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.
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 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 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.
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+
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.
What are the different types of isoquant production?
Isoquant production can be classified into three main types: linear, convex, and L-shaped isoquants. Linear isoquants indicate perfect substitutability between inputs, where one input can be substituted for another at a constant rate. Convex isoquants represent diminishing marginal returns, showing that as one input increases, the additional output gained from substituting another input decreases. L-shaped isoquants reflect fixed proportions of inputs, indicating that the inputs must be used in a specific ratio to produce a certain level of output.
