Econ 528 homework 5 - Study guides, Class notes & Summaries

University of Louisiana, Lafayette - ECON 528 Module 1 Homework Assignment.Started on Monday, 8 October 2018, 10:05 PM State Finished Completed on Monday, 8 October 2018, 10:51 PM Time taken 45 mins 58 secs Marks 15.00/20.00 Grade 7.50 out of 10.00 (75%) The law of diminishing marginal returns states that increases in the variable input reduce the total product. Select one: True False The correct answer is 'False'. We should use relatively more labor if we learn that the marginal product per d...

University of Louisiana, Lafayette - ECON 528 Module 7 Homework Assignment Started on Monday, 8 October 2018, 3:49 PM State Finished Completed on Monday, 8 October 2018, 4:01 PM Time taken 12 mins 21 secs Marks 20.00/20.00 Gr ade 10.00 out of 10.00 (100%) ECON528-850-ECON528-010- Question 1 Correct Mark 1.00 out of 1.00 Figure 17.3 (Figure 17.3) Which of the following statements is (are) TRUE? I. The socially optimal quantity is 3. II. The deadweight loss associated with the perfectly competiti...

ECON 528 HOMEWORK 2 ( latest update ) Quantity of La Fixed Cost Variable Cost Total Cost Average Total Cost Quantity of Lanterns Fixed Cost (dollars) Variable Cost (dollars) Total Cost (dollars) Average Total Cost (dollars) 75 200 170 370 4.93 80 200 230 430 5.36 90 200 7.67 100 200 810 115 200 11.8 117 200 1264 1464...