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What is the equation for Marginal product of capital in economics?
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How do you input the marginal product equation in excel?
how do you find marginal product on excel
How managerial economic tools such as marginal revenue marginal product marginal cost and marginal profit can be used to inform decision making?
basic economic tools in manaregial economics
What is MVP in economics?
Marginal Variable Product (MVP) = Difference between TVP2 - TVP1
Explain why marginal physical product would diminish as More professors are hired in the economics department?
zabi
If marginal revenue product capital increases the demand or supply curve?
Demand.
How do you input the marginal product equation in excel?
how do you find marginal product on excel
How managerial economic tools such as marginal revenue marginal product marginal cost and marginal profit can be used to inform decision making?
basic economic tools in manaregial economics
What is MVP in economics?
Marginal Variable Product (MVP) = Difference between TVP2 - TVP1
Explain why marginal physical product would diminish as More professors are hired in the economics department?
zabi
If marginal revenue product capital increases the demand or supply curve?
Demand.
What happens to the economy when the economy's capital stock increases?
Supposing that with capital you mean physical capital (all kind of physical investments like machines, and so on), it tends to increase the Gross Domestic Product (GDP), but increases in capital along time lead to lower increases in GDP.This is known in economics as the diminishing marginal returns.
What is marginal output?
The change in total output, when one more input is added/deducted. If Total Product of current period 'n', then the Marginal Product [Marginal Output]= Tn - Tn-1. It is the marginal change in the total output when one unit of input say labour or capital is added.
When average product is highest Options Total product is maximum Marginal product is maximum Marginal product is zero Marginal product is negative?
Negative
What is labor cost control procedure?
A procedure through which it is considered by keeping in view economics approach that the cost of labor does not increase its marginal product cost i.e. labor cost less than marginal cost.
Relationship between Tota Product Marginal Product and Average Product?
Average Product = (Total Product) / (Labor) Marginal Product(2) = (Total Product)(2) - (Total Product)(1)
What is the difference between the marginal product of labor and the marginal revenue product of labor?
moarginal product of labor
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
