A firm will begin to experience diminishing returns at the point where:
举一反三
- "The law of diminishing returns is the same as the decreasing returns to scale." Do you agree? Explain.
- The traditional view of the production process is that capital is subject to A: Constant returns. B: Increasing returns. C: Diminishing returns. D: Diminishing returns for low levels of capital, and increasing returns for high levels of capital.
- When do psychologists believe that humans begin to experience empathy A: The believe that humans begin to experience empathy virtually from the day they become adults. B: The believe that humans begin to experience empathy virtually from the day they are born. C: The believe that humans begin to experience empathy virtually from the day they are old. D: The believe that humans begin to experience empathy virtually from the day they go to school.
- Which of the following statements is correct? A: The value of the marginal product curve is the labor demand curve for competitive, profit-maximizing firms. B: A competitive, profit-maximizing firm hires workers up to the point where the value of the marginal product of labor equals the wage. C: By hiring labor up to the point where the value of the marginal product of labor equals the wage, the firm is producing where price equals marginal cost. D: All of the choices are correct.
- When do psychologists believe that humans begin to experience empathy?