Answer:
Option b. Total output increases at a decreasing rate as you increase the quantity of labor.
Explanation:
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According to the following definition:
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<em>The law of diminishing marginal productivity states that while increasing one input and keeping other inputs at the same level may initially increase output, further increases in that input will have a limited effect and will eventually have no effect, or a negative effect, on output.</em>
In 1950, only two mega-cities were there, and
the estimate suggests that there will be 22 mega-cities in 2015.
Megacities are defined now as the cities having
10 million or more than 10 million inhabitants.
<span>There are 37 mega-cities now in the world, which
include Tokyo and Greater Jakarta, these cities have population more than 30
million inhabitants.</span>
You’re quicker to catch on to things that you notice in every day life
Networking or network basically means connecting with a network or operating with a network. For example, a cooperative or business of any matter is a network. When you work for and with or are connecting with a business you are networking. It is important because when looking for a job you have to know for one what your good at networking in. But to answer the question it is important because it increases the amount of profit you may make, also it increases the amount of business you bring to a network. If you specialize in networking you could put it on your resume. This also can increase you luck in getting the job you desire. If you have anymore questions you can write in the comment box below. Hope this helps
Answer:
B. is the price at which a firm's total revenues equal total costs
Explanation:
The short run in economics is a period of time in which one factor of production is fixed and others are varied. In the short run, the market is not fully in equilibrium. Break even is the point in which the total cost used in the course of production is equal to the total revenue earned from the products produced. In a break even scenario, there is no profit and there is no loss. At this point, firms are making normal rate of return on money invested and are able to settle all cost of production.
