what is the hierarchy of research ? explain it in clear points

Q: At what level of production does the marginal cost have the least value? What is the marginal cost…

A: The marginal cost curve is the U-shaped curve.

Q: What is the marginal cost of capital?

A: Marginal cost denotes an addition to the total cost that incurred in the process of producing an…

Q: Explain Homogeneous products and give more examples

A: Homogenous product: Homogenous products or homogenous goods are those goods that are similar in…

Q: What determines how managers will purchase inputs?

A: Input is the factor of production used in the process of production . And determine the input by the…

Q: 1. If the marginal product equals the average product of physicians, then the average product of…

A: Marginal product is the additional output produced by employing an additional unit of input.

Q: Which one of the following is not true about inductive Method? A, It moves from Particular to…

A: Inductive Method starts with questioning. Then comes stage of observation and pattern…

Q: Applying the concept of marginal costs, how would you, as a business owner, decide how much to…

A: There are basically two types of costs- fixed costs and variable costs. The variable cost refers to…

Q: Which expression is another way of saying "marginal cost"?                Scarce resources…

A: Marginal cost is the increment in total cost for producing additional units of a commodity. It is…

Q: What are the possible sources of capital of micro economic business concept

A: : Micro-economics: Microeconomics investigates people, families, and firms' conduct in the dynamic…

Q: Profit is the child as well as victim of economic development.” Explain the innovation theory of…

A: Profit is the reward to the individual for undertaking the risk associated with developing new…

Q: The most efficient scale of production is where at which point?

A: According to the given question In simple words we can say that scale of production basically or…

Q: Distinguish between explicit and implicit costs, giving examples of each. Why does the economist…

A: Externalities: It occurs in the economy when the production of goods and services and the…

Q: Enumerate the major characteristics of research and explain each.

A: Disclaimer: “Since you have asked multiple question, we will solve the first question for you. If…

Q: How do you measure efficiency and rate of return? Show me by explaining the ratios used in this…

A: Return on investment (ROI) and rate of return (ROR): The rate of investment is a measure that is…

Q: Distinguish between explicit and implicit costs, giving examples of each. What are some explicit and…

A: Implicit Cost: Implicit cost is due to the factors which are entrepreneur himself owns and employs…

Q: What must an entrepreneur do to earn a profit? How do the actions of firms earning profits influence…

A: An entrepreneur should always remember that its revenue should be higher than its cost in order to…

Q: Which of the following qualities describe entrepreneurs?Choose one answer.a. Innovators b. Risk…

A: Entrepreneurs have to be innovative to succeed and introduce their product in the market where there…

Q: How does rising organic composition of capital threaten the rate of profit?

A: Historically, there have been a lot of economic theories stating the requirements for the…

Q: Match the Product with whether production should be centralized or decentralised Soap [ Choose ]…

A: Centralized production refers to the production process exist with upstream and decision about…

Q: What are the different type of costs incurred in the short run and in the long run?

A: In the short run there are two types of costs, fixed and variable costs. Since there are fixed and…

Q: What impact do sewing robots have on capital per worker and human capital per worker? What impact…

A: Sewing robot is one type of robot they are  perform task automatically .Other robot are mostly…

Q: What can be done when the writer wants to include the ideas of the research but leave out specific…

A: While doing research a lot of data, knowledge is needed in order to present a topic of the research.

Q: What is the difference between economic profit and accounting profit? What is a normal rate of…

A: As per honor code, we’ll answer only one question at a time , we have answered the first question…

Q: What are the major functions of the research design?

A: There are two major functions of the research design.

Q: Differentiate the following: Entrepreneurship vs. Employee

A: The market is a location where the transaction of services and commodities takes place. It is…

Q: What is a cross-functional business process? Give one example of a cross-functional business…

A: Meaning of Cross-Functional Business Process: The term cross-functional business process refers to…

Q: _____ using more capital than labor in the production process?.(fill in the blank)

A: Production process is the process in which inputs are used to make output for consumption.  Capital…

Q: What are the aims of science as a cognitive enterprise?

A: The philosophy of science is the study of science as a cognitive enterprise, i,e; a knowledge…

Q: Identify the intellectual revolutions that created paradigm shift. (100 words only)

A: Intellectual revolution: There are many measures that have been taken in order to provide knowledge…

Q: What are the similarities and differences between qualitative and quantitative research methods, and…

A: The differences are shown in the table below:

Q: How can intellectual property rights help spur innovation?

A: Intellectual property is the muse of innovation in our economy. Government-granted rights…

Q: What are "in-kind" transfers? What would be an example? What are some criticisms made against…

A: In every country, society is divided into two groups poor and rich . Larger the gap between them…

Q: Why might a writer begin a research project with a research question? What role does it play in…

A: The economics as a study is associated with the use of resources which are scarce in nature in the…

Q: Discuss how technological change can increase profits by raising revenues or lowering costs.

A: Answer - The technological change can increase profits by rising revneus or lowering costs:- 1.…

Q: Define Technology?

A: Technology means developing machinery and equipment from the application of scientific knowledge. In…

Q: Describe an interaction in the business world that can be described as each of the following. Note…

A: Since you have asked multiple questions, we will solve the first two for you. If you want any…

Q: What are different types of costs involved in production of goods and services? Analyze the…

A: Fixed expenses, variable costs, and the total cost of production make up the cost of production. The…

Q: Experimental Research Design

A: Answer to the question is :

Q: Explain the different approaches in doing research 1. Descriptive Research 2. Analytical Research 3.…

A: The following methods of Research can be explained as follows :

Q: What is the difference between Analytical and Synthetic process of production? Give examples.

A: Analytical process of production deals with parts of production. Synthetic process of production…