Topic: A Level of Production in Which the Marginal Production Decreases with New Investment
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How is the production function of the diminishing marginal produc...
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When total product is decreasing what happens to marginal product...
The marginal product is the output produced by one more unit of a ... Read More »
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When marginal product is increasing, marginal cost is decreasing....
True. as MP is increasing, it means the process is more efficient and so the cost to produce the next one unit is lower. so MC goes down. Read More »
Source: http://answers.yahoo.com/question/index?qid=20100521195737AAwD6nE
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Seriously... If the best workers leave, MPL will decrease. If capital decreases, assuming a Cobb-Douglas Function, capital per worker will decrease and so will the MPL That's it. The others make workers more efficient. Source(s): Macroecono...
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Source: http://answers.yahoo.com/question/index?qid=20090423193159AAEtsGx
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Average cost = a(x) = c(x)/x = 60000/x + 300. I am tempted to say that marginal average cost is a'(x) = -60000/x^2. At 500 units this would mean a marginal average cost of -0.24 per unit. That should be correct, but now I need to double-che...
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Source: http://answers.yahoo.com/question/index?qid=20091027092849AAcWVc2
a+b >1, a and b are production elasticity of factors, labor and capital.
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MC=(TC)' (32400+700x+x^2)'=700+2X MC=700+2X X=1900 MC=700+2*1900=700+3800=4500
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Source: http://answers.yahoo.com/question/index?qid=20080502202257AANdbjm
Increased temperature will increase rate of photosynthesis in land plants and so increase NPP. In marine environments increased temperatures will decrease the solubility of CO2 in the water and so decrease NPP. (Gases are less soluble as te...
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Source: http://answers.yahoo.com/question/index?qid=20091003191223AApSD9n