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
This answer has been added to the Weegy Knowledgebase
Rated good by sar2000, Rated good by sar2000, Rated good by sar2000, Rated bad by sar2000, Rated good by sar2000
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
25,641,875 questions answered
Popular Conversations
Evaluate. -|-7 3| User: A man invests a certain amount of money at ...
Weegy: Let the man invest an amount x at 2% interest. Then, [ he invests an amount (x+800) at 4% interest. Total ...
6/27/2016 12:18:08 PM| 3 Answers
(-d + 4)(-d - 4) User: Simplify b(a + b) - a(a - b). User: (y 3 - ...
Weegy: (y^3 - 125) (y - 5) = y^4 - 5y^3 - 125y + 625; User: Simplify 5 + 2{x - 4[3x + 7(2 - x)]}. User: 48a 3 bc 2 ...
6/27/2016 10:54:50 PM| 3 Answers
-9=-2-k
Weegy: k=56 User: -9=-2-k over 8 Weegy: k=56 User: -9+3 over 4 n=-13
6/28/2016 12:46:48 PM| 3 Answers
Soviet armies fighting Germany benefited from a. Polish aid. b. cold ...
Weegy: Soviet armies fighting Germany benefited from COLD WEATHER. User: Erwin Rommel Weegy: Erwin Rommel was a ...
6/27/2016 8:36:33 AM| 2 Answers
All of the following are correct EXCEPT: a. China now encourages ...
Weegy: All of the following are correct EXCEPT: a. China now encourages families to have many children. ] User: ...
6/27/2016 10:15:43 AM| 2 Answers
Which of the following terms could be applied to the United States ...
Weegy: Free press could be applied to the U.S. during the Cold War. User: Which of the following technologies was ...
6/27/2016 10:20:16 AM| 2 Answers
Cardiovascular exercise causes your lungs to breathe less ...
Weegy: Cardiovascular exercise causes your lungs to breathe less often. FALSE. Breathing rate increases during ...
6/27/2016 10:41:00 AM| 2 Answers
Weegy Stuff
S
P
L
Points 989 [Total 1650] Ratings 2 Comments 969 Invitations 0 Offline
S
Points 350 [Total 711] Ratings 2 Comments 330 Invitations 0 Online
S
L
P
P
P
Points 156 [Total 3699] Ratings 0 Comments 156 Invitations 0 Offline
S
Points 137 [Total 212] Ratings 1 Comments 127 Invitations 0 Offline
S
Points 137 [Total 418] Ratings 0 Comments 137 Invitations 0 Offline
S
Points 127 [Total 179] Ratings 0 Comments 127 Invitations 0 Offline
S
P
1
Points 107 [Total 852] Ratings 3 Comments 57 Invitations 2 Offline
S
L
Points 86 [Total 4206] Ratings 0 Comments 86 Invitations 0 Offline
S
Points 40 [Total 50] Ratings 1 Comments 30 Invitations 0 Offline
S
Points 32 [Total 139] Ratings 0 Comments 32 Invitations 0 Offline
* Excludes moderators and previous
winners (Include)
Home | Contact | Blog | About | Terms | Privacy | © Purple Inc.