What is the marginal efficiency of capital?

Q: Give an example of a Cobb–Douglas production function.What is the marginal productivity of labor? Of…

A: A Cobb-Douglas PF (production function) is homogeneous and homothetic in nature, which means the…

Q: What are the four factors of production?

A: Factors of production: - factors of production are the resources used to produce goods and services.…

Q: Consider the factors of production that go intoa fast-food restaurant. Give an example of…

A: Factors of production are regarded as the building blocks as they are essential for the production…

Q: What does it mean when you compare allocative efficiency to worker efficiency? What are the…

A: Worker efficiency is defined as producing goods and services for all-time low cost. Productive…

Q: What is the marginal cost of capital?

A: Marginal cost denotes an addition to the total cost that incurred in the process of producing an…

Q: What are the characteristics of factors of production Only three characteristics

A: According to the given question The factors of production are also known as the productive resources…

Q: hat is economic firms market ?

A: Market refers to a place at which buyers and sellers of goods or services comes in contact with…

Q: What is meant by an inferior factor of production? How would the firm’s demand for labour be altered…

A: In economic representations, factors of production can be described as inputs that are utilized for…

Q: how  do firms choose how much output to produce.

A: production is the making system - it is in the same place as the natural/raw substances and parts…

Q: Explain what you understand partial equilibrium analysis to be. Describe what the term "labour…

A: Partial equilibrium investigation looks at the impacts of strategy activity just for each great in…

Q: Marginal Efficiency of Capital" is best explained how?

A: Marginal efficiency of capital is the expected rate of return on investment at a particular level of…

Q: What is the difference between factor cost and market price? According to macro economics?

A: Macroeconomics is the branch of study in economics that deals with a wider perspective of the…

Q: What mix of inputs should be used to produce a given level of output?

A: The production function refers to the function that determines the maximum quantity of output that…

Q: What is opportunity cost? As scarce resource, financial capital has opportunity cost. What…

A: Opportunity cost is associated with almost every resource used by individuals when making social and…

Q: A graph that shows all the combinations of labor and capital that can be used to produce a given…

A: Cost minimization is done when isoquant is tangent to isocost curve.

Q: What are some of the uses to which labors tandards are put?

A: Labor standards refer to standard conventions relating to workers, such as basic worker rights,…

Q: What is the effect of economic dependency in our society?

A: Economic dependence is common everywhere the planet. No country on Earth is 100% economically…

Q: What could be the major learnings that could developed by taking a introductory microeconomics…

A: The Microeconomics is an economics that deals to satisfy an individual producer, an individual…

Q: Which graph depicts a technological breakthrough in the production of Y only

A:

Q: When an economist say a resource is free what does it mean

A: Free Resources A resource that can be used to manufacture consumer-satisfying products and services…

Q: what is the different between average production and marginal production?

A: The average production is the total production divided by the variable input and it is production…