DQuestion 10 4 pts reason that variable factors of production tend to show dimin

Question

DQuestion 10 4 pts reason that variable factors of production tend to show diminishing returns in the short run is that: O large firms cannot effectively manage their resources. O the cost of employing additional resources increases as firms O capital equipment is often idel in the short run. O there employ more of thsoe resources. is only so much that can be produced using additional variable inputs when some factors of production are fixed estion 11 4 pts For a given seller, the figure below shows the relationship onnortunitv cost o between the number of units produced and the 16

Explanation / Answer

10. One reason that variable factor of production tend to show diminishing returns in the short run is that the cost of employing additional resources increases as firm employ more of these resources. So the correct option is B.

8. The Mousetrap demonstration illustrates connection between key variables. So the correct option is D.

7. The correct option is A i.e. decrease the amount of A and increase the amount of B.

6. The marginal utility of 3rd dinner is 60. So the correct option is D.

5. When the price of good rises, marginal utility per dollar spent on that good rises leading consumers to purchase less of that good. So the correct option is D.

Related Questions

Navigate

• Browse (All)
• Browse D
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.