/
According to the law of diminishing marginal returns According to the law of diminishing marginal returns

According to the law of diminishing marginal returns - PowerPoint Presentation

faustina-dinatale
faustina-dinatale . @faustina-dinatale
Follow
391 views
Uploaded On 2015-09-16

According to the law of diminishing marginal returns - PPT Presentation

the marginal product of labor is negative the average product of labor is negative as more labor is added to a fixed stock of capital less output is produced as more labor is added to a fixed stock of capital the marginal product of labor eventually will decline ID: 130507

labor wage marginal rate wage labor rate marginal product demand fringe increase higher price market supply reduce output workers

Share:

Link:

Embed:

Download Presentation from below link

Download Presentation The PPT/PDF document "According to the law of diminishing marg..." is the property of its rightful owner. Permission is granted to download and print the materials on this web site for personal, non-commercial use only, and to display it on your personal computer provided you do not modify the materials and that you retain all copyright notices contained in the materials. By downloading content from our website, you accept the terms of this agreement.


Presentation Transcript