Explain the law of diminidhing returns whith a relevant example

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A: The statement shows that the consumer price index is increased by 4.2 percent. Consumer Price index…

Q: Which of the folowing is a characteristic of large estates in Medieval Europe? A. Peasents were…

A: Peasants are the people who are agricultural laborers of low status.

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A: The study of economics represents the allocation of scarce resources in such a way that there should…

Q: The most basic concept in economics is O wealth. O scarcity. O income. O spending.

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A: A. TRUE  Administrative economics is a discipline that combines the principles of economics with…

Q: 2. What is the difference between efficient and inefficient level of production?

A: Efficient level of production: Efficient level of production or production efficiency is an economic…

Q: QUESTION 27 Mazen is refinishing an antique china cabinet and has already spent AED 180 on the…

A: Cost is the sum of money required to buy something, whether it's a good or a service. It can involve…

Q: 1. State the three stages of production?

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Q: Is ketchup a final good or intermediate good?

A: # A good is reffered to be as a final good if it is the end product and is finally going to be…

Q: a. Explain the following statement : "Surely, as you begin this course, you recognize that time is…

A: "Surely, as you begin this course, you recognize that time is one of the scarcest resources of all.…

Q: Define production and What are the factors of production and what are their reward payments?

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Q: Describe the five factors of production.

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A: The basic fundamental economic questions faced by every market system is What to produce, How to…

Q: A microeconomic analysis would deal with? a. How the change in the price of gas effects a family…

A: The study of economics can be divided into two branches namely macroeconomics and microeconomics.…

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A: Economics is the study of individual choices. It includes the production, distribution, and…

Q: the basic decision making unit in an economy is.

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A: Scarcity: - it is a very basic problem of economics that is related to the limited availability of…

Q: Explain the 3 different stages of production

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Q: 1. State the three stages of production?

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Q: . If economic profit equals accounting profit, what do implicitcosts equal?

A: Basics:- Economic Profit     = Revenue - Explicit Cost - Implicit Cost Accounting Profit  = Revenue…

Q: What equation shows the relationship of MC to AVC when AVC is rising?

A: Marginal Cost It refers to the change in the total cost due to one unit change in output. Variable…

Q: Which of the following indifference curve the slope of the production possibilities frontire? A,…

A: The production possibility curve, abbreviated as PPC, depicts various combinations of products that…

Q: 12. What are the four factors of production? Thanks asap do it

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Q: Explain the concept of Microeconomics (Indifference Curve, Budget line) how you can these concepts…

A: (Q) Explain the concept of Microeconomics (Indifference Curve, Budget line) how you can these…

Q: Using an example explain what a ‘real option’ is.

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Q: “Study of economics starts by acknowledging life’s trade- offs”. Discuss the statement in context of…

A: " The study of Economics starts by acknowledging life's trade offs". This statement can be explained…

Q: [Ya C] equals Select one: a. saving. O b. spending. O C. the MPC. O d. the MPS.

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Q: If Home’s relative productivity in cheese is higher than it is in wine, what does it imply? Explain.

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Q: Question: How do different economic systems (e.g.. capitalism, socialism) allocate resources?

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Q: What is the implication of a new technological change in the production on consumer.

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Q: Which of the following refers to economic values? a. Amit is very contented and happy with his…

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