WebDec 20, 2024 · Take, for example, the case of a smoker who is trying to quit and experiences a self-control conflict between the desire to smoke a cigarette (hedonic value) and the desire to quit (abstract goal value). ... What are the two causes of diminishing returns to a factor? Following are the causes of the diminishing returns: Lower levels of ... WebEconomics questions and answers. QUESTION 9 The law of diminishing returns only applies in cases where a. there is increasing scarcity of factors of production b.capital is a variable input c. the price of extra units of a factor is increasing d. …
Production Choices and Costs: The Short Run: Increasing, Diminishing …
WebApr 1, 2024 · Dehydration: A dog's body may respond to dehydration by increasing its white blood cell count. Other factors: Other factors such as hemorrhage, heatstroke, or metabolic diseases like diabetes mellitus can also cause an elevated white blood cell count. Ehrlichia: Ehrlichia is a bacterial infection transmitted by ticks that can cause high white ... Web1. The law of diminishing returns only applies in cases where: * There is increasing scarcity of factors of production. There is at least one fixed factor of production. The capital is a variable input. The price of extra units of a factor is increasing. 2. If the marginal cost curve is below the average variable cost curve, then: * photography winter cozy concept board
The Law of Diminishing Returns to a Factor - Learn with Anjali
WebAug 19, 2024 · The law of diminishing returns to a factor is also known as the law of variable proportion. This law relates to the short-run in which to increase production only variable factors can be increased. WebThe law of diminishing returns only applies in cases where: * a. There is increasing scarcity of factors of production. b. The price of extra units of a factor is increasing. c. There is at least one fixed factor production. O d. The capital is a variable input. 8. WebApr 7, 2024 · Diminishing marginal returns happen when a business increases one singular input while maintaining all other inputs. The marginal output from that input will always eventually start to decline.... photography wildlife