Grant has avoided applying for credit cards or taking loans. He only uses his savings to pay for purchases. What is the most lik
2 answers:
You might be interested in
When the project risk is 30%, and its occurrence leads to a change in the project budget by around 10%, then the risk score is 0.03.
<h3>What is a risk score?</h3>The result of multiplication of the risk impact on the budget by the probability of occurrence of the risk, is known as the risk score. Using the given information, it can be calculated as,
Hence, option B holds true regarding the risk score. The complete question is added in the image for reference.
Learn more about risk score here:
#SPJ1
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
Its capital products subject (MPK) is derived by differentiating the factor of production from K.
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 , 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.
The denominator of L reduces L and therefore reduces MPL.
So there is a decreasing marginal return to labor in the production function.