Explain how the law of diminishing returns and returns to scale affect a firm’s cost of production (20 Marks) The law of diminishing returns exist when increasing quantities of a variable input are combined with a fixed input‚ which eventually leads to the marginal product and the average product of that variable input will decline. Diminishing returns can affect a firms cost of production negatively in the short run. An example of this is that a business had 2 factors of production; Capital‚ which
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with conditions like impaired neurological function; a situation whereby the neurological system is not functioning the way it normally should‚ congenital heart disease; a condition whereby the heart does not function appropriately as it should as from birth and even microcephalus; a situation whereby your child has a tiny head that is unproportional to the body because the brain failed to develop completely. For one reason or the other‚ aspartame containing products tend to cause you gain weight
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LIMITS AND CONTINUITY 1. The concept of limit x2 − 4 . Examine the behavior of f (x) as x approaches 2. Example 1.1. Let f (x) = x−2 Solution. Let us compute some values of f (x) for x close to 2‚ as in the tables below. We see from the first table that f (x) is getting closer and closer to 4 as x approaches 2 from the left side. We express this by saying that “the limit of f (x) as x approaches 2 from left is 4”‚ and write x→2− lim f (x) = 4. Similarly‚ by looking at the second table
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haven investment. Gold investment is booming in recent year and the reasons behind this incident can be explained as the investor become more aware of the benefit of the gold and its special features. Gold demand for investment purpose accounted one-thirds of gold demand all over the world which is substantial influential (World Gold Council‚ 2009). Investment demand for gold has shown as significant increase in the last seven years as investor seeking the fashion to balance their investment portfolio
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age of 60. At age 60 You‚ the Early Starter would have invested just Rs. 200‚000 and seen your investment grow to ~Rs. 3.4 million‚ and seen a return of 16x. Someone like me who woke up later‚ will have invested a not inconsiderable Rs. 1.2 miliion‚ but seen only a 3x return! Wished I could start the game all over again? You bet‚ I did! Understood perfectly this aspect of time value of money or what is also called the power of compounding. The longer your money remains invested‚ the better it works
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with the goal of maintaining a balance of income and capital growth. Investment in the UK is not bring high profit and fast but its safe and stable because less risk. Investing aboard will bring high return but the risk high also. Invest international market we may consider some types of basic risk. Initially‚ it is the change in trade policies‚ taxation and the regulation of government. Besides‚ the accounting standards vary from country to country. Differences in accounting practices can be affect
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needs to be made‚ which matters a lot to all freshmen—choosing major. There are fourteen majors under the College of Liberal Arts and Social Sciences and thus it will be a tough decision for everyone‚ especially for those who are indecisive. In order to make the wise choice‚ adequate considerations of personal and practical aspects are required. Hence‚ interest‚ strength and experience in the first year will be considered when I select major. First of all‚ I place great emphasis on doing voluntary
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regulate cutting-edge entrepreneurship. Venture Capital helps ventures‚ which may not fall within the norms of traditional financing. VC financing indicates the investment in high-risk projects ready to share in the project risk‚ with the expectation of adequate returns. Venture Capital savings in any real estate projects are normally at "Land Cost" stage. That means‚ a fund invests and team up with developers/land holders from inception to completion. A Venture Capital in India real estate fund lessens
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Innocence Project is when someone who is convicted of a crime that they did not commit‚ yet‚ they go through Deoxyribonucleic acid (DNA) testing to prove their innocence. The definition of DNA is a self-replicating material present in nearly all living organisms as the main constituent of chromosomes. It is the carrier of genetic information and the fundamental and distinctive characteristics or qualities of someone or something‚ especially when regarded as unchangeable. The Innocence Project is a full
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Pre-Calculus – Mid-Term Name_________________ 1. What is the solution region to the following function? f (x) > 2x + 4 + 3 A. Quadrant I only B. Quadrants I and III Quadrants II‚ III and IV C. Quadrants I and II 2. Determine which of the following relations is not a function. A. B. C. D. 3. Which defines
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