投入與產出關係
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The input-output relationship of a firm is as follows:
| Machine (units) | Labour (units) | Average product of labour (units) |
|---|---|---|
| 3 | 1 | 20 |
| 3 | 2 | 12 |
| 3 | 3 | 11 |
| 3 | 4 | 10 |
According to the above table, diminishing marginal returns set in after _____ unit(s) of labour is/are employed.
Refer to the following information about the inputs, outputs and average cost of a firm. The only inputs required for production are capital and labour.
| Capital (units) | Labour (units) | Total output (units) | Average cost ($) |
|---|---|---|---|
| 500 | 5 | 3 000 | 3 |
| 1 000 | 10 | 4 500 | 4 |
| 1 500 | 15 | 5 500 | 5 |
Within the above range of output, we can conclude that
The input-output relationship of a firm is as follows:
| Labour (units) | Machinery (units) | Average product of labour (units) |
|---|---|---|
| 1 | 2 | 14 |
| 2 | 2 | 15 |
| 3 | 2 | 16 |
Diminishing marginal returns set in after the 3rd unit of labour is employed. The marginal product of the 4th unit of labour must be any number of output smaller than ________ units.
Compared with local small accounting firms, large accounting firms in Hong Kong are more willing to use resources to familiarize themselves with China's laws in order to expand their business into Mainland China. One possible reason is that large accounting firms enjoy
When a firm expands production by only employing more labour,
The input-output relationship of Firm A is as follows :
| Capital (units) | Labour (units) | Marginal output (units) |
|---|---|---|
| 1 | 10 | 10 |
| 1 | 11 | 9 |
| 1 | 12 | 8 |
| 1 | 13 | 7 |
From the above table, we can conclude that, as the labour input increases
The input-output relationship of Firm A is as follows:
| Labour (Units) | Machine (Units) | Marginal Product of Labour (Units) |
|---|---|---|
| 1 | 2 | 14 |
| 2 | 2 | 16 |
| 3 | 2 | 18 |
| 4 | 2 | X |
Diminishing marginal returns set in after the 3rd unit of labour is employed. The average product of 4 units of labour can be _______ units of output.
If large publishers are more able to fully utilize their machinery to lower the average cost than small publishers, then these large publishers enjoy _______ economies of scale.
A producer increases all his inputs to double the output. The following table shows the change in average cost after a change in output.
| Total Output (Units) | Average Cost ($) |
|---|---|
| 10 000 | 6 |
| 20 000 | 7 |
Based on the above information, we can conclude that
When a firm enjoys economies of scale, it is in the _________ and its __________ is decreasing.