Answer:
C) there is at least one fixed factor of production.
<u>Multiple-choice options</u>
A) there is increasing scarcity of factors of production.
B) the price of extra units of a factor is increasing.
C) there is at least one fixed factor of production.
D) capital is a variable input.
Explanation:
he law of diminishing marginal returns cites that adding extra input while maintaining the others fixed will cause the overall output to decrease . Adding one more production input while keeping the rest intact decreases the marginal returns and increases the average production cost.
The law only applies where there at least one fixed input. When the firm uses more of the variable input, the firm's marginal product will eventually decrease.
No one is gunna answer this
Answer:
$1,000 is the correct answer.
Explanation:
Answer:
Private property always assumes the role of government, even if it is just a minimal role in which it serves to regulate markets and the exchange of property. ... These are called common property resources which are collectively owned or shared.
Answer: $25,000
Explanation:
From the question, we are told that the borrowing rate rB=10% compounded annually and the lending rate (or equivalently, the interest rate on deposits) is only 8% compounded annually.
The upper bounds on the price of an perpetuity that pays $10,000 per year will be:
= $10,000/10%
= $10,000/0.1
= $100,000
The lower bounds on the price of an perpetuity that pays $10,000 per year will be:
= $10,000/8%
= $10,000/0.08
= $125,000
The difference between the upper and lower bounds will now be:
= $125,000 - $100,000
= $25,000