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vovangra [49]
1 year ago
11

What are the purposes of international economic organizations? select three answers. to resolve trade disputes to decrease regul

ation of product supply chains to promote fair and successful trade to solve the problems of various countries to encourage trade in developing countries
Business
1 answer:
Gelneren [198K]1 year ago
7 0

Purposes of international economic organizations is

To resolve trade disputes,

To promote fair and successful trade and

To encourage trade in developing countries.  

International economic organization formulate strategy and rules related to international trade.

For more information on objective of international economic organization. here

brainly.com/question/26470985?referrer=searchResults

#SPJ4

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Answer:

Following are the solution to the given question:

Explanation:

The decrease of a marginal input return implies that its input is increasing by one unit, thereby decreasing its marginal input product.

Function of production

F(K, L) = AK^{\frac{3}{4}} L^{\frac{3}{4}}

Its capital products subject (MPK) is derived by differentiating the factor of production from K.

MPK = \frac{3}{4}\times AK^{\frac{3}{4}} - 1L^{\frac{3}{4}}\\\\MPK = \frac{3}{4}AK^{-\frac{1}{4}}L^{\frac{3}{4}}\\\\MPK = \frac{3}{4}\times A\times (\frac{L^{\frac{3}{4}}}{K^{\frac{1}{4}}})

Note: When a value is changed from numerator to denominator, then the power symbol shifts between positive to negative.

Since k is in the denominator, K decreases \frac{3}{4}\times A\times (\frac{L^{\frac{3}{4}}}{K^{\frac{1}{4}}}), and therefore MPK is reduced.

There's hence a decreased effective return on capital again for production function.

Its marginal labor product (MPL) is determined by distinguishing the manufacturing function from L.

MPL = (\frac{3}{4})\times AK^{\frac{3}{4}}L^{\frac{3}{4}}-1\\\\MPL = (\frac{3}{4})AK^{\frac{3}{4}}L^{-\frac{1}{4}}\\\\MPL = (\frac{3}{4})\times A\times (\frac{K^{\frac{3}{4}}}{L^{\frac{3}{4}}})

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So there is a decreasing marginal return to labor in the production function.

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