投入與產出關係

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1.

The input-output relationship of a firm is as follows:

Machine (units)Labour (units)Average product of labour (units)
3120
3212
3311
3410

According to the above table, diminishing marginal returns set in after _____ unit(s) of labour is/are employed.

2.

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 ($)
50053 0003
1 000104 5004
1 500155 5005

Within the above range of output, we can conclude that

3.

The input-output relationship of a firm is as follows:

Labour (units)Machinery (units)Average product of labour (units)
1214
2215
3216

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.

4.

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

5.

When a firm expands production by only employing more labour,

6.

The input-output relationship of Firm A is as follows :

Capital (units)Labour (units)Marginal output (units)
11010
1119
1128
1137

From the above table, we can conclude that, as the labour input increases

7.

The input-output relationship of Firm A is as follows:

Labour (Units)Machine (Units)Marginal Product of Labour (Units)
1214
2216
3218
42X

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.

8.

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.

9.

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 0006
20 0007

Based on the above information, we can conclude that

10.

When a firm enjoys economies of scale, it is in the _________ and its __________ is decreasing.

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