Answer:
The correct answer is the last option: the assumption of the diminishing marginal productivity of each point.
Explanation:
On the one hand, the isoquants are the curves used in the study of microeconomics that particulary show the different combinations of inputs that a company can use in the production of its product with the purpose of maximizing it.
On the other hand the law of diminishing marginal productivity establishes that as long as a particular factor in the production keeps increasing then the productivity of the produciton will slowly decrease with each increase of the factor mentioned before.
So in conclusion, the isoquants are convex curves because that law establishes that if a factor goes up, the productivity goes up as well but at a lower level until eventualy goes down.
Answer:
Answer for the question:
For each of the following annuities, calculate the present value. (Enter rounded answers as directed, but do not use rounded numbers in intermediate calculations. Round your answers to 2 decimal places (e.g., 32.16).) Present Value Annuity Payment Interest Rate Years $ _____ $ 2,100 8 % 7 $ _____ $ 1,095 7 % 9 $ $11,000 9 % 18 $ $ 30,000 11 % 28
is given in the attachment.
Explanation:
Answer:
Start keeping a budget
Explanation:
All of the financial guidance from experts won’t mean much if you don’t know where your money is going every month. Start tracking your spending and set up a budget using a simple spreadsheet or website apps.
Answer:
The correct answer is letter "A": imperfect information; thin market.
Explanation:
Liquid markets are those with enough buyers and sellers that keep the balance of supply and demand. The opposite of that scenario is represented by thin markets because they have whether a few buyers or a few sellers.
Thin markets are mostly caused by imperfect information allowing only a reduced number of buyers or sellers having enough resources to correctly make transactions. Price spreads are usually larger in thin markets.