0
What else can I help you with?
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.
What is diminishing marginal productivity explain with example?
the law diminishinf mean fixed cost and variable cost
Criticism of law of diminishing marginal utility?
the criticisma of the law of diminishing marginal utility
Example of the law of diminishing marginal productivity?
The law of diminishing marginal product states that as a firm uses more of a variable resource with a fixed resource and fixed technology, the marginal product of the variable resource will fall. From related site.
Why does the marginal rate of substitution diminish?
As a matter of fact, law of diminishing marginal rate of substitution conforms to the law of diminishing marginal utility. According to law of diminishing marginal utility, as a consumer increases the consumption of a good, its marginal utility goes on diminishing. On the contrary, if the consumption of a good decreases, its marginal utility goes on increasing.
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.
What is diminishing marginal productivity explain with example?
the law diminishinf mean fixed cost and variable cost
Criticism of law of diminishing marginal utility?
the criticisma of the law of diminishing marginal utility
Example of the law of diminishing marginal productivity?
The law of diminishing marginal product states that as a firm uses more of a variable resource with a fixed resource and fixed technology, the marginal product of the variable resource will fall. From related site.
Why does the marginal rate of substitution diminish?
As a matter of fact, law of diminishing marginal rate of substitution conforms to the law of diminishing marginal utility. According to law of diminishing marginal utility, as a consumer increases the consumption of a good, its marginal utility goes on diminishing. On the contrary, if the consumption of a good decreases, its marginal utility goes on increasing.
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 merits and demerits of law of diminishing marginal utility?
explain the demerits of diminishing marginal utility
What war the 3 stages of production?
Three stages of production are increasing marginal returns, diminishing marginal returns, and negative marginal returns.
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.
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
If marginal utility is positive but diminishing then?
Total utility increases at a diminishing rate
How does an individual or household benefit from the law of diminishing marginal utility?
what is it marginal utility
