Is it possible for an input to have a negative marginal product?
What will be an ideal response?
Yes, sometimes if a variable input is continued to be acquired even after the stage of diminishing returns, it can actually lead to a fall in total output. Hence, it is possible for an input to have a negative marginal product.
Economics
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If you are an authoritarian, you ascribe to
a. theory x b. theory y c. theory xy d. management theory
Economics
The above table gives the market demand and market supply schedules for soda. What is the maximum price consumers are willing to pay for the 400th can of soda?
A) $0.80 per can B) $0.70 per can C) $0.60 per can D) $0.50 per can
Economics