Economics starting from the 1870's ......... choose one or more : a) has become increasingly mathematical b) has strived to be a pure science which works on its own rules c) has started to do mono-dimensional analysis d) has started to do multi-dimensional analysis
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Economics starting from the 1870's .........
choose one or more :
a) has become increasingly mathematical
b) has strived to be a pure science which works on its own rules
c) has started to do mono-dimensional analysis
d) has started to do multi-dimensional analysis
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- In economics, what is the law of diminishing marginal returns? A. The tendency of firms to minimize production costs B. The observation that as additional units of a variable input are added to fixed inputs, the additional output diminishes C. The relationship between inflation and unemployment D. The impact of government regulation on business operationsIn educational economics, what does the term "rate of return to education" refer to? a) The percentage of students who complete their education b) The increase in income or earning potential associated with additional years of education c) The cost of educational resources per student d) The number of schools or universities in a given regionAnother important law in economics is the “law of marginal returns or the law of increasing costs". Discuss how might you know that you are at a point of diminishing returns, or where more study will not benefit you like it did before? Identify any of the costs related to your decision about how much study is enough?
- hello, I need help with my homework 4.7 When to Use the Principle of Diminishing Returns? You are the manager of a firm that produces memory chips for mobile phones. In your decision about how much output to produce this week, would you use the principle of diminishing returns? Explain. In your decision about how much output to produce two years from now, would you use the principle of diminishing returns? Explain. My Textbook: macroeconomics by o’Sullivan 10th addition 978 013 519 6434 thank youMicroeconomic Question (c) Use well labelled diagrams to show how production isoquant can be used to explain: i) Increasing returns to scale. ii) Constant returns to scale, and iii) Decreasing returns to scaleplease answer number 4. BES 221-ENGINEERING ECONOMICS: please give detailed solutions and correct answers.i will report to Bartleby those tutors who will give incorrect answers.
- Managerial Economics What is the answer to the following questions (4-6)? 4. What are fixed factors of productions? Explain with example. 5. Distinguish between fixed and variable factors of production. 6. Can total product ever decline? If yes, when?“The legal sector has been among the fastest to race back to the office this year. Amid a rise in vaccinations, occupancy rates for law firms are back up to 56%, compared with 34% of sectors nationwide, according to data from Kastle Systems. Yet the industry is facing an unlikely revolt. Many associates have grown accustomed to working from home. They say they've been just as productive, if not more so, claimed back time for themselves and their families, and want to choose how they work.” Chen,T (2021) Covid-19 Threatens to Blow Up Law Firms' Intense Office Culture -- for Good Dow Jones Institutional News New York Following the Covid-19 pandemic, many firms have transitioned into using a hybrid work model, allowing their employees to split time between working from home and working in the office. In the long run, the share of employees working from home is expected to settle at around 15% as compared to 2% before the pandemic. Required: What are the potential effects of working…Managerial Economics What is the answer to the following questions (1-3)? 1. What are primary inputs? Give example. 2. What are secondary inputs? Give example. 3. Define variable factors of production.
- The best example of a marginal change is A change in anybody's income for a long time A change that happened a year ago and can happen this year again A change that is large and permanent A small incremental or decremental change from one step to the next A change that happens multiple timesQues- Engineering economics is the integration of economic theory with business practice for the purpose of facilitating decision making and forward planning by the management. How it bridges the gap between economic theory and business practice Explain with example.In ‘standing on shoulder’ effect in the production of ideas existing technology can be productive in the production of new technology just as it is in the production of final goods. True or False