Explain the difference between diminishing returns and diseconomies of scale. What are the causes of each?

Explain the difference between diminishing returns and diseconomies of scale. What are the causes of each?

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Rahul Sunny answered 2 years ago

Explain the difference between diseconomies of scale and diminishing marginal product of the variable factor. Why...

Explain the difference between diseconomies of scale and diminishing marginal product of the variable factor. Why is one a short-run concept and the other a long-run concept

What is the difference between diminishing returns and decreasing returns to scale? What kind of returns...

What is the difference between diminishing returns and decreasing returns to scale? What kind of returns to scale are possible in a school? Why?

What is the difference between decreasing returns to scale and diminishing marginal product? [5 pts.]

Explain the differences between Economies of Scale and Diseconomies of Scale and explain what factors influence...

Explain the differences between Economies of Scale and Diseconomies of Scale and explain what factors influence over them. In order to do so, you will have to use the concepts of Short and Long Run average total costs. Remember that in the Short Run Average Total Cost curve, you can find at least one of your assets as fixed and in the Long Run Average Total Cost curve, all the assets are considered variable, meaning that you are assuming the...

What does "diminishing returns" to an input mean by economists? What causes diminishing returns? How can...

What does "diminishing returns" to an input mean by economists? What causes diminishing returns? How can this principle be observed at a job workplace? Describe this concept in the real world.

Discuss the difference between returns to scale and economy of scale.

A: Explain what Returns to Scale measures and distinguish between increasing, decreasing and constant Returns to...

A: Explain what Returns to Scale measures and distinguish between increasing, decreasing and constant Returns to Scale B: Explain the relationship between Returns to Scale and Long Run Average Cost C: Explain the relationship between Marginal Product of Labor and Marginal Cost. D: Explain why a firm's marginal Cost curve represents its Supply Curve.

Between "Diminishing Returns and the Production Function" and Economies of Scale and Long-Run Costs", Which two...

Between "Diminishing Returns and the Production Function" and Economies of Scale and Long-Run Costs", Which two economics concepts of production theory can be used by business owners to decide on key issues affecting their firms? How these two concepts are related?

DISTINGUISH BETWEEN ECONOMIES OF SCALE AND DISECONOMIES OF SCALE TRUE OR FALSE. A PRODUCER CAN OPERATE...

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explain the Law of diminishing returns.

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