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Difference between marginal efficiency of investment and marginal efficicency of capital?
MEC is the expected rate of return on capital and MEI is the expected rate of return on investment.
What Relation between marginal cost and average cost?
relation ship between average cost and marginal cost
What is the difference between the marginal product and average product in terms of their impact on production efficiency?
The marginal product measures the change in output when one more unit of input is added, while the average product measures the total output divided by the total input. The marginal product is important for determining the efficiency of production at the margin, while the average product gives an overall picture of efficiency.
What is the relation between price and demand?
There is inverse relation between demand and price it means if one increase the other will decrease and vice versa. the inverse relation exit between demand and price due to three reason Diminshing of marginal utility Income effect Substitute effectc
How does capital affect marginal return?
Capital affects marginal return by providing additional resources that can enhance productivity and efficiency. As more capital is invested in a production process, it can lead to greater output per unit of input, increasing the marginal return. However, the law of diminishing returns may apply; beyond a certain point, adding more capital may yield progressively smaller increases in output. Thus, the relationship between capital and marginal return is influenced by the balance between resource allocation and the efficiency of their use.
Difference between marginal efficiency of investment and marginal efficicency of capital?
MEC is the expected rate of return on capital and MEI is the expected rate of return on investment.
What Relation between marginal cost and average cost?
relation ship between average cost and marginal cost
What is the difference between the marginal product and average product in terms of their impact on production efficiency?
The marginal product measures the change in output when one more unit of input is added, while the average product measures the total output divided by the total input. The marginal product is important for determining the efficiency of production at the margin, while the average product gives an overall picture of efficiency.
What is the relation between price and demand?
There is inverse relation between demand and price it means if one increase the other will decrease and vice versa. the inverse relation exit between demand and price due to three reason Diminshing of marginal utility Income effect Substitute effectc
What is meant by brakin efficiency?
I think Braeking efficiency is the relation between the velocity and the time to stop something in movement.
How does capital affect marginal return?
Capital affects marginal return by providing additional resources that can enhance productivity and efficiency. As more capital is invested in a production process, it can lead to greater output per unit of input, increasing the marginal return. However, the law of diminishing returns may apply; beyond a certain point, adding more capital may yield progressively smaller increases in output. Thus, the relationship between capital and marginal return is influenced by the balance between resource allocation and the efficiency of their use.
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
What is the difference between equi-marginal utility and diminishing marginal utility?
What is the difference between equi-marginal utility and diminishing marginal utility?Read more:What_is_the_difference_between_equi-marginal_utility_and_diminishing_marginal_utility
Explain the relation between sunk costs and specificity?
Specificity refers to the percentage of an investment that will be lost if the asset is switched to another use. Sunk cost is a cost that cannot be avoided once incurred. The relation between them is
What is relation between marginal cost and marginal productivity of labour?
Marginal cost refers to the additional cost incurred by producing one more unit of a good or service, while marginal productivity of labor measures the additional output generated by employing one more unit of labor. The relationship between the two is that as the marginal productivity of labor increases, the marginal cost of production typically decreases, because more output is being generated per unit of labor. Conversely, if the marginal productivity of labor declines, marginal costs tend to rise, reflecting diminishing returns. This relationship is crucial for firms in determining optimal production levels and labor employment.
What is marginal profit?
In economics, marginal profit is the difference between the marginal revenue and the marginal cost of producing an additional unit of output.
How does a business use marginal analyss to decide how many workers to employ?
A business uses marginal analysis to determine the optimal number of workers by comparing the additional output generated by hiring one more worker (marginal product) to the additional cost of hiring that worker (marginal cost). If the marginal product exceeds the marginal cost, it is beneficial to hire more workers. This process continues until the marginal product equals the marginal cost, ensuring that the business maximizes its efficiency and profitability. Ultimately, this analysis helps the business find the ideal balance between labor costs and production output.
