Law of diminishing returns When increasing amounts of one factor of production are employed in production by fixing some other production factor, after some level, the resulting increases in output of product become lower and lower. That is, first the marginal returns to consecutive little will increase within the variable issue of production turn down, then eventually the general average returns per unit of the variable input begin decreasing. The law of diminishing returns doesn't imply that adding a lot of an element can decrease the whole production, a condition called negative returns, though actually this can be common. There is a simple example in farming. A garden of length 20 feet and breadth 20 feet plot gives a variety of pounds of tomatoes if the gardener simply puts within the counseled variety of rows and plants per row, waters them properly and keeps the weeds pulled. If the gardener varies this by adding a pound of fertilizer to the surface soil, however otherwise will everything constant, he will increase the quantity of pounds of tomatoes the g...
For example, a balanced chemical equation of a certain reaction specifies that an equal number of moles of two substances A and B is required. If there are more moles of B than of A, then A is the limiting reactant because it is completely consumed when the reaction stops and there is an excess of B left over. Increasing the amount of A until there are more moles of A than of B, however, will cause B to become the limiting reactant because the complete consumption of B, not A, forces the reaction to cease. Purpose
As a result, the community growth intensifies to a point where the income per capita will be so low that its maintenance would turn into untenable; hence the population suffers and contracts, occasioning a new cycle again. Therefore, the theory emphasizes a rigid dependence of population growth upon the food supply.
The Hardy-Weinberg principle states that throughout generations, genetic variation will remain constant if kept from the presence of disturbing influences. The principle can be described as an idealized or equilibrium state. Due to the fact that in nature, genetic mutations and the environment certainly impact the genetic variation of a system.
A good example would be the experiments with the concentrations of 20% to 60% concentration results to show the change. In the 20% concentration I noticed a decrease in the percentage change in mass for the experiment the percentage was _____ while for the concentration of sucrose 60% the change was _____ we can see that the percentage change in mass is decreasing thus we can conclude that the difference of the initial from the final and as it gets greater that means the mass of the potato changed massively.
small change in one variable can have a disproportional, even catastrophic, impact on other variables; this is the signature of chaos. By no means, though, is that the
More often than not, the outcomes of events that occur in a person’s life is the product of the idea of the self-fulfilling prophecy. It is that which “occurs when a person’s expectations of an event make the outcome more likely to occur than would otherwise have been true” (Adler and Towne, Looking Out, Looking In 66). Or restated, as Henry Ford once put it, “If you think you can, you can. If you think you can’t, you’re right!” This brief research paper touches on the two types of self-fulfilling prophecies, those that are self-imposed and those that are imposed by others. Additionally, it gives a discussion on how great of an influence it is in each person’s life, both positively and negatively, and how it consequently helps to mold one’s self-concept and ultimately one’s self.
Constant stage is defined as, in the manufacturing process the period in which the output of labor time per hour stabilizes is known as constant stage. In order to give brief explanation of constant stage we have to understand the learning curve and predecessor activities of constant stage, in an organization when new product or a new manufacturing process is introduced, the direct labor hours required to produce one unit would decrease as laborers become more familiar with the process. It is a established fact that the average time required to complete one unit will decrease at constant rate from initial unit produced until the complete learning has been achieved. Such effect of learning process on laborers is called learning curve. The learning curve is computed on statistical determinations that as aggregate number of units produced doubles the average direct labor time required per unit will decrease at constant percentage which is called cost reduction percentage. The time period to which the product output per hour increase is known as learning stage. A certain stage comes in the production process whereby any further improvements in output per hour can only be achieved by changing the nature of the production process itself or by changing or improving the equipment being used for production, the period in which the output per hour stabilizes is known as constant stage. Once constant stage is achieved and long time has been passed there exists a possibility that the productivity may start to decline because the excitement, challenges of learning a new production are
The plan for constructing the homeless shelter, for example, could be created using equations. The skilled workers work for 10 hours a week, and the unskilled workers work for 15 hours a week. If all 10 workers at the site were skilled, the job would be finished in 1200 hours. In addition to this, it is known that three skilled workers can complete the same amount of work as one skilled worker. If this work was converted into hours, the skilled worker would still work for 10 hours, but the unskilled worker would work for five hours. Since three unskilled workers are the same as one skilled worker, dividing the original 15 hours by three results in five hours. There’s one more part. The 1200 hours needs to be divided by 26 because the project needs to be done in six months, or 26 weeks. The final equation should be that the skilled workers working for 10 hours plus the unskilled workers working for five hours should equal the 1200 hours divided by
Be determined! Our yesterday mistakes do not determine tomorrow's future. The goal of my story, even my trial and tribulations, is to reach out to those young teens with babies that feel there is no chance of moving forward in high school and college. The book is to not only reach out to young teens but young ladies who need a little advice from a woman who was once in a place where I had a problem with identity and self-esteem. A young lady who knew she had a dream to go to college and wanted to overcome the average living of excuses. Excuses used from the majority of those who were in my circle because they made mistakes. I was not going to let my mitakes hold me back. It was hard and I knew it was going to be hard, but I was up for the journey.
The famous experiment behind this principle involves three cups, two being short, one being tall. Juice is presented to the child in the two smaller cups, while both cups have the same amount of juice. The experimenter confirms with the child that both cups have the same amount of juice. Then the experimenter proceeds to pour one cup of juice, into a much
So a man walks into a bar. He orders a drink from the bartender, some Jack on the rocks. The bartender comes back with a guy sitting on a pile of rocks. The man refuses to pay the tab, and instead leaves the bar. This joke, as terrible as it is, is an amazing example of the Expectancy Violations Theory or EVT for short. This joke symbolizes EVT through the fact that the man expected a certain kind of drink, and instead got something else, because of this his response is to not pay. EVT is simply described as people have expectations for each other, and when someone violate those expectations people will respond either negatively or positively.
The Expectancy Violations Theory originated by Judee Burgoon explains a person’s response to unpredicted actions by their peers, and the numerous meanings that individuals attribute to the abuse or violation of their personal space. Burgoon defined personal space as the “invisible, variable volume of space surrounding an individual that defines that individual’s preferred distance from others” (Griffin, p. 85). Expectancy is what people predict (or expect) will occur, instead of what they wish.
...ly increase if the used factors are also being used at an increasing rate. No matter how efficient the factors of production are being used it is required to use more of them in order to significantly receive a higher output. There is also a limitation to this rule, that being that the two factors of production are used at a very similar level of involvement. If one factor of production is greatly in excess compared to the other then the excess will first be used until it is at a similar level to the factor production of which there is less. Once there are even amounts then the initial rule applies again, and an increase in both is required for significant increase in output. In order to truly be efficient with this model only if both of the factors are used at similar levels and there is no excess of one, meaning none is wasted and the optimal output can be reached.
The Law of diminishing returns is a key one in economics. It is used to explain many of the ways the economy works and changes. It is a relatively simple idea; spending and investing more and more in a product where one of the factors of production remains the same means the enterprise will eventually run out of steam. The returns will begin to diminish in the long run. If more fertilizer and better machinery are used on an acre of farmland, the yield will increase for a while but then begin to slow and become flat. A farmer can only get so much out of the land, and the more the farmer works, the harder it gets. The economic reason for diminishing returns of capital is as follows: When the capital stock is low, there are many workers for each machine, and the benefits of increasing capital further are great; but when the capital stock is high, workers already have plenty of capital to work with, and little benefit is to be gained from expanding capital further. For example, in a secretarial pool in which there are many more secretaries than computer terminals, each terminal is constantly being utilized and secretaries must waste time waiting for a free terminal. In this situation, the benefit in terms of increased output of adding extra terminals is high. However, if there are already as many terminals as secretaries, so that terminals are often idle and there is no waiting for a terminal to become available, little additional output can be obtained by adding yet another terminal.
There is a simple rationalisation behind all this: there is a reduction in the average cost of production of a particular product, as a consequence of an increase in the firm’s experience. The time and cost of producing a unit of output will be reduced, as learning economies, economies of scale, economies of scope, etc. appear due to the cumulative output increase and other process related growth.