81 where does diminishing returns begin output total

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Principles of Economics
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Chapter 19 / Exercise 8
Principles of Economics
Mankiw
Expert Verified
(81) Where does diminishing returns begin? Output Total Product 0 --- 1 3 2 8 3 10 4 6 5 -1 6 -9 a. after the 2 nd unit of output b. after the 4 th unit of output c. after the 5 th unit of output d. after the 3 rd unit of output
(82) Where does diminishing marginal returns to labor begin? Total Workers Marginal Output 0 --- 1 8 2 17 3 22 4 25 5 22 6 -17 7 -10
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We have textbook solutions for you!
The document you are viewing contains questions related to this textbook.
Principles of Economics
The document you are viewing contains questions related to this textbook.
Chapter 19 / Exercise 8
Principles of Economics
Mankiw
Expert Verified
(83) Which one of these curves is Never U-shaped?
(84) What explains why the SR AVC curve eventually increase as output rises?
(85) A firm doubles its output in the long-run and at the same time the per-unit (average) cost of production remains unchanged. We can conclude that the firm is a. using the economies of scale available to it. b. facing constant returns to scale. c. facing diseconomies of scale. d. not using the available technology efficiently.
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(86) Economies of scale are illustrated by
U. (87) When output is 100 units, the firm’s total fixed cost is $500. What will this firm’s total fixed cost be if output doubles to 200 units?
(88) When Super Stuff Corporation produces 5,000 units, total costs equal $150,000 and total variable costs equal $75,000. At this level of output, what is Super Stuff’s average fixed cost?
(89) The MC Curve always intersects the AVC curve a. at the maximum of the AVC b. at the minimum of the AVC c. at the origin d. it does not intersect the AVC at all
(90) Which is the best example of economies of scale?
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(91) Where does diminishing returns begin? ( HINT : Think of the tennis ball example from class.) Output Marginal Product 0 --- 1 3 2 8 3 9 4 4 5 -2 6 -6
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