Question and answer
A baker calculates that by spending $16 on labor and materials, she can bake 10 cakes a day. $24 will allow her to bake 12 cakes, while $36 spent on labor and materials produces 14 cakes. In terms of
capital and labor, the baker has A. increasing marginal returns. B. constant marginal returns. C. decreasing marginal returns. D. negative marginal returns.
The answer to your question is C. If she could bake 10 cakes for $16 you would expect her to bake double the amount for double the price. However, she can only bake 14 cakes for 4 extra dollars. [ You can see the definition of decreasing marginal returns (also known as diminishing returns) here: ]
Expert answered|elysia2003|Points 119|
Question
Asked 6/17/2012 9:04:25 AM
0 Answers/Comments
Get an answer
New answers
Rating

There are no new answers.

Comments

There are no comments.

Add an answer or comment
Log in or sign up first.
Questions asked by the same visitor
what happens when the price decreases in the case of a product that has elastic supply?
Weegy: The demand has decreased. (More)
Question
Expert Answered
Updated 6/16/2012 11:44:30 AM
1 Answer/Comment
There is a decrease in demand. So in order to attract more buyer the business has decreased the price. If there was more people buying the product then there would be an increase in demand. The business would take advantage of the increase of consumers by raising prices. However that is not the case here. This is a decrease in demand
Added 6/16/2012 11:44:30 AM
what is the level of output every firm strives for? User: what is the level of output every firm strives for? A)when fixed cost and marginal cost are equal. B)when variable cost and marginal cost rise at the same rate. C)when marginal revenue equals marginal cost. D)when marginal revenue is greater than marginal cost.
Weegy: profit maximizing level of output User: that wasnt a selection a,b,c,or d please Weegy: B User: cool! Weegy: MISTAKE C IS THE CORRECT OPTION User: why would the supply curve of a dog walking business be considered elastic? A)because it can hir workers quickly if the price rises. B) becasue the demand for dog walking services flucuates. C) because the supply of dogs changes quickly. D) because the supply of dog walking isnt easily expanded or reduced. a,b,c,or d please :) Weegy: B) becasue the demand for dog walking services flucuates. User: nicee! (More)
Question
Expert Answered
Asked 6/16/2012 11:08:29 AM
0 Answers/Comments
if the supply of a good is elastic, which statement is true? A) the producer will increase the amount being produced if the price rises B) the producer is enjoying increasing marginal returns c) the producer will increase the amount being produced if the price falls D) the producer is experiencing diminishing marginal returns.
Weegy: B and D is not related as marginal return deals with the incremental return. the answer is A as it will be more profitable to supply elastic at the higher price. (More)
Question
Expert Answered
Asked 6/16/2012 11:43:20 AM
0 Answers/Comments
if sellers expect the price of a good to rise in the future, what are they likely to do? A) put more goods on the market immediately B) store goods now to sell more in the future C) raise their prices now D) set prices according to the law of demand
Weegy: Answer is B) if sellers expect the price of a good to rise in the future they store goods now to sell more in the future. (More)
Question
Expert Answered
Asked 6/16/2012 11:49:33 AM
0 Answers/Comments
a raise in the price of a product causes_ A) a decrease in competition B) an increase in demand C) an increase in competition D) a decrease in supply
Weegy: C) an increase in competition because if you are raising prices then consumers will begin looking elsewhere to buy the same product (More)
Question
Expert Answered
Asked 6/16/2012 11:46:34 AM
0 Answers/Comments
17,495,969 questions answered
Popular Conversations
He was arrested for A. misogyny. B. bigamy. C. philanthropy. D. ...
Weegy: He was arrested for: BIGAMY. User: A neurotic is suffering from A. neurasthenics. B. neurosis. C. ...
9/22/2014 5:30:20 PM| 4 Answers
El Niño occurs every 2 to 12 years.
Weegy: El Niño occurs every 2 to 12 years. This is true.
9/22/2014 4:30:12 PM| 3 Answers
What is the value of p – (–3.5) when p = 8.2? User: What value of x ...
Weegy: –7.12 = –4.8 + x -7.12 = -4.8 + (-2.4) x = -2.4
9/22/2014 6:03:27 AM| 2 Answers
A system of two linear equations has no solution. How is this ...
Weegy: A system of two linear equations has an infinite number of solutions if B. The two equations are the same line. ...
9/22/2014 8:57:21 AM| 2 Answers
Find the equation of the line through the point (–2, –2) that is ...
Weegy: The slope of the line that is perpendicular to the line whose equation is 2x + y = 4 is 1/2. User: Two ...
9/22/2014 10:16:53 AM| 2 Answers
Which sentence below has the subordinate clause underlined? A. In ...
Weegy: Please indicate the underlined part in the sentence. So we can answer your question. User: Which of the ...
9/22/2014 10:24:45 AM| 2 Answers
Select the correct pronoun. The people _____ arrived late had ...
Weegy: A demonstrative pronoun represents a thing or things: 1. near in distance or time (this, these) 2. far in ...
9/22/2014 10:34:55 AM| 2 Answers
In order to save fabric for the war, most men wore a
Weegy: In order to save fabric for the war, most men wore a "victory suit" User: Taken together, the growth of ...
9/22/2014 11:41:15 AM| 2 Answers
Which of the following is a nonrenewable ...
Weegy: COAL is a nonrenewable resource. User: Which of the following is true about glass recycling? a. Recycling ...
9/22/2014 11:55:18 AM| 2 Answers
Weegy Stuff
S
R
L
1
1
P
C
1
P
1
1
L
P
C
P
C
1
P
C
L
P
C
1
P
C
P
C
P
C
L
Points 2555 [Total 26953]| Ratings 5| Comments 2505| Invitations 0|Offline
S
L
1
L
P
C
1
Points 2283 [Total 8814]| Ratings 10| Comments 2183| Invitations 0|Offline
S
L
C
P
C
1
L
L
P
C
1
Points 2000 [Total 17939]| Ratings 15| Comments 1850| Invitations 0|Offline
S
L
1
1
1
1
L
1
L
Points 1977 [Total 11757]| Ratings 0| Comments 1977| Invitations 0|Offline
S
L
P
C
L
P
C
P
C
L
P
C
P
C
P
C
Points 1776 [Total 18948]| Ratings 6| Comments 1716| Invitations 0|Online
S
1
L
1
L
P
P
L
Points 703 [Total 11949]| Ratings 0| Comments 703| Invitations 0|Offline
S
L
P
C
P
C
1
L
P
C
L
P
C
P
C
P
C
P
C
Points 600 [Total 19131]| Ratings 1| Comments 590| Invitations 0|Online
S
L
Points 559 [Total 1229]| Ratings 0| Comments 559| Invitations 0|Offline
S
1
L
L
Points 467 [Total 5590]| Ratings 4| Comments 427| Invitations 0|Online
S
Points 64 [Total 64]| Ratings 2| Comments 34| Invitations 1|Offline
Home | Contact | Blog | About | Terms | Privacy | Social | ©2014 Purple Inc.