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2 years ago

The shape of the production function reflects the law of diminishing marginal product of labor.a. Trueb. False

Business

1 answer:

Anna35 [415]2 years ago

5 0

Answer: True

Explanation:

Looking at the Production Function you will notice that Output increases at different rates to input added. First output increases at an increasing rate then at a constant rate then at a decreasing rate.

This shows the concept of the Law of Diminishing Marginal returns because as more input(labor) was added, at some point the output started increasing at a decreasing rate till it gets to a point where marginal returns will be negative.

The reason for this is that each worker is now working with less capital than before (assuming capital doe not change) and so will only produce less.

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The correct answer is relationship era.

Explanation:

The economic history of the United States has its roots in the European settlements of the 16th, 17th and 18th centuries. The American colonies progressed from marginally successful colonial economies to 13 small independent agricultural economies that joined in 1776 to form the United States of America. In 230 years, the United States grew into an immense, integrated and industrialized economy that accounts for more than a quarter of the world economy. The main causes of its expansion were the existence of a large unified market, a political-legal support system, vast areas of highly productive agricultural land, large natural resources (especially wood, coal and oil) and an entrepreneurial spirit and commitment to invest in material and human capital. The economy has maintained high peaks, attracting immigrants by millions from around the world. Technological and industrial factors also played an important role.

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3 years ago

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Sergeeva-Olga [200]

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Explanation:

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It also helps in developing the various types of short term financial based projection that for the purpose of internal marketing information.

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3 years ago

9) what is one downside of using a savings account instead of a checking 1pc

White raven [17]

Savings account has a limit of 6 withdrawals per month, while checking account does not, is s one downside of using a savings account instead of a checking account.

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Checking accounts provides the limitless translation to the customer, and for this use businessman or businesswomen uses this account.

Thus, option B is correct.

For more details about checking account, click here:

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1 year ago

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