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"Law of Diminishing Returns" - 12 õppematerjali

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Law of Diminishing Returns

What is the law of diminishing returns? Why this proposition is called a "law"? It states that, at some point- when we add more variable input to a fixed input- our marginal product will start to decrease as the newly added variable input is being added to an already increasingly scares input. This can be explained by citing an example, if we add more workers to a job, such as assembling a car. At some point, adding more workers would cause problems, as they would be getting in each other's way, or workers wold often find themselves waiting for access to specific part or tool required for the job. This proposition is called a law because it is standardized and applicable on all the production processes. Any manufacturing and production company can use this proposition (or Law) to their betterment. Is Tony right in his analysis of the situation? Explain. According to my point of view, Tony's decision of increasing the price a g...

Kategooriata → Logistika
7 allalaadimist
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Mikro ja makroökonoomika terminid

Mikro ja makroökonoomika terminid Eesti keeles English На русском Majanduse alusmõisted. Fundamentals of Economics. Фундаментальные понятия ökonoomika economics экономика Ceteris paribus „Other –things-equal” assumption, «при прочих равных условиях» „Muude tingimuste samaks Ceteris paribus jäädes” põhimõtted Principles принципы Teaduslik meetod Scientific method Научный метод seos tradeoffs связь piiranalüüs Marginal analysis Предельный анализ kompositsiooniviga Fallacy of composition Композиционные ошибки Positiivne tõus Positive slope Положительный наклон Verikaalne ja horiso...

Majandus → Majandus
25 allalaadimist
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ppt

Pessimism vs optimism

Pessimism vs. Optimism Different approaches to the ‘population-resources’ debate Malthus Task: View figure 13.57 (page 378 of Waugh). Draw the graph and discuss. Malthus believed that there was a finite optimum population in relation to food supply and that an increase beyond that point would lead to a decline in living standards and to war, famine and disease.  An increase in the population above the optimum limit would therefore lead to war, famine and disease. A PESSIMISTIC approach  Thomas Malthus (1798) proposed his work during the early stages of the industrial revolution when inadequate food and clothing were common features in England.  His argument was that population increases (geometrically) or at an exponential rate if unchecked i.e. 1-2-4-8- 16-32 etc  Food supply at best increases at an arithmetic rate i.e.1-2-3-4-5-6 etc ...

Keeled → Inglise keel
1 allalaadimist
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Pure Competition

Pure Competition Competition The word "competition" may be used in two ways: ­ rivalry ­ (synonym; opposition, antagonism) ­ structural competition or "pure competition" The main characteristics of competition: 1. Number of firms 2. Type of product 3. Control over price 4. Conditions of entry 5. Nonprice competition 6. Information flow Pure Competition · Involves very large numbers of sellers and buyers. · Firms producing identical or homogeneous products. · Standardized product (a product identical to that of other producers). (ex. corn or cucumbers). · Free Entry and Exit: no significant legal, technological, financial, or other obstacles prohibiting new firms from selling their output in any competitive market N...

Majandus → Micro_macro ökonoomika
9 allalaadimist
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PEATÜKK 6. TOOTMINE JA KULUD

Mare Randveer. MIKROÖKONOOMIKA ÜLESANNETE JA HARJUTUSTE KOGU. Tallinn: Külim, 1999. KOMMENTEERITUD VASTUSED Avo Org PEATÜKK 6. TOOTMINE JA KULUD (LK. 42­48) 1. ÕIGE; Majandusteoreetilises (e majandusanalüütilises) arvepidamises tuleb lisaks otsestele e raamatupidamislikele (ilmutatud) kuludele erilist tähelepanu pöörata ka kaudsetele kuludele e alternatiivsetele võimalustele (loobumiskuludele või teisisõnu saamata jäänud tuludele); 2. VALE / ÕIGE; 1) Koguprodukt TP (Q) ei saa olla negatiivne vaid ainult kahanev, sest TP maksimumpunkt on ületatud, just sellele viitab negatiivne piirprodukt MP; 2) Kahaneva koguprodukti puhul on TP kõvera tõus muutunud negatiivseks, kui aga koguprodukt kasvab, on TP kõvera mistahes punkti tõmmatud puutuja positiivse tõusuga; 3. VALE; Kahanevate tulude seadus ; 4. ÕIGE; Kuna firma kogukulud TC on muutuvkulude TVC ja püsikulude TFC summa, siis juhul kui muutuvkulud võrduvad nu...

Majandus → Micro_macro ökonoomika
115 allalaadimist
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The cost of production

The costs of production Production Decisions about production require individual agents to make decisions about the allocation and use of physical inputs. · Objectives of agents, technology, availability and quality of inputs determine the nature of these decisions. Since the objectives are often pecuniary, it is often necessary to relate the decisions about the physical units of inputs and outputs to the costs of production. · If the prices of the inputs and the production relationships are known (or understood), it is possible to calculate or estimate all the cost relationships for each level of output. In ...

Majandus → Micro_macro ökonoomika
10 allalaadimist
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Majandusmõistete seletus eesti ja vene keeles

Majandusõpetus Mõistete seletus. , I osa I. MIS ON TURUMAJANDUS? I ? .Misks on majandusteadus tähtis? Whay is economics so important ? 1.Majandusteadus - teadus inimestest, kes toodavad ja vahetavad, et saada 1. ­ , tooteid ja teenuseid, mida nad soovivad; sotsiaalteadus, mis uurib , kuidas piiratud ressursside tingimustes rahuldada inimeste järjest kasvavaid vajadusi M AJANDUSTEADUS UURIB RATSIONAALSET MAJANDUSLIKKU KÄITUMIST Mis seisneb subjektiivse kasulikkuse maksimeerimises RAKEN- SUBJEKT KASULIKKUS ...

Majandus → Majandus
10 allalaadimist
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Majanduse põhiküsimused

Avo Org 2.1. Piiramatud vajadused ja piiratud hüvised. Nappuse olemus 2. Majanduse põhiküsimused, majandusprobleem Mõisted: vajadused, piiramatud vajadused, hüvised ja teenused, piiratud e nappivad ressursid, vabalt saadav hüvis, piiratuse majandusseadus, tootmistegurid e tootmisfaktorid, tootmise sisendid, maa, töö, kapital ettevõtlus, tootmise väljund, toodang, loobumiskulu e alternatiivkulu, tootmisvõimaluste kõver, kasvavate alternatiivkulude seadus, konstantsed alternatiivkulud, mida, kuidas, kellele toota, majandussüsteemid, tavamajandus, käsumajandus, turumajandus, segamajandus, ringkäigumudel, teguritulud, toodanguturg, ressursiturg 2. Majanduse põhiküsimused, majandusprobleem 2.1. Piiramatud vajadused ja piiratud hüvised. Nappuse olemus 2.2. Majandusressursid ja tootmistegurid tootmise sisenditena 2.3. Tootmisvõimaluste kõver ja ressursside alternatiivne kasutamine 2.4. Majandu...

Majandus → Majandus
107 allalaadimist
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Cialdini raamat

More praise for Influence: Science and Practice! "We've known for years that people buy based on emotions and justify their buying decision based on logic. Dr. Cialdini was able, in a lucid and cogent manner, to tell us why this happens." --MARK BLACKBURN, Sr. Vice President, Director of Insurance Operations, State Auto Insurance Companies "Dr. Cialdini's ability to relate his material directly to the specifics of what we do with our customers and how we do it, enabled us to make significant changes. His work has enabled us to gain significant competitive differentiation and advantage" -LAURENCE HOF, Vice President, Relationship Consulting, Advanta Corporation "This will help executives make better decisions and use their influence wisely ... Robert Cialdini has had a greater impact on my thinking on this topic than any other scientist." -CHARLES T...

Psühholoogia → Psühholoogia
24 allalaadimist
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A New Earth

ECKHART TOLLE A NEW EARTH Awakening to Your Life's Purpose CONTENTS Chapter One The Flowering of Human Consciousness – 6 Evocation..................................................................................................6 The Purpose of This Book........................................................................8 Our Inherited Dysfunction........................................................................10 The Arising New consciousness..............................................................12 Spirituality and Religion..........................................................................14 The Urgency of Transformation...............................................................16 A New Heaven and a new Earth...............................................................18 ...

Psühholoogia → Psühholoogia
9 allalaadimist
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ESTONIAN SYMPHONIC MUSIC. THE FIRST CENTURY 1896-1996.

UNO SOOMERE ESTONIAN SYMPHONIC MUSIC. THE FIRST CENTURY 1896-1996. AN OVERVIEW With a Historical and Cultural Summary IN MEMORY OF THE GREAT ESTONIAN COMPOSERS CONTENTS ESTONIA AND THE ESTONIANS FOREWORD IN THE FOLD OF TSARIST RUSSIA. EMERGENCE AND FIRST STEPS ON THE CLASSICAL-ROMANTIC PATH. HISTORICAL INTRODUCTION I. MUSICAL LIFE IN TARTU AT THE TURN OF THE CENTURY. TRAILBLAZERS: ALEKSANDER LÄTE, RUDOLF TOBIAS, ARTUR KAPP. II. THE FIRST DECADE OF THE 20TH CENTURY. ARTUR LEMBA: THE BEGINNING OF ESTONIAN SYMPHONY AND OPERA. III. NEW DEVELOPMENTS IN CULTURAL AND MUSICAL LIFE: THE END OF THE TSARIST PERIOD. THE INDEPENDENT REPUBLIC OF ESTONIA: THE INTRODUCTION OF INNOVATIONS FROM WESTERN ART AND THE EVOLUTION OF NATIONALLY ORIENTED MUSICAL TRENDS. IV. THE TWENTIES. ARTUR KAPP: ROMANTICIST AND DRAMATIST. V. THE INFLUENCE OF NEW WESTERN MUSIC...

Keeled → Inglise keel
11 allalaadimist
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The 4-Hour Body - An Uncommon Guide to Rapid Fat-Loss, Incredible Sex, and Becoming Superhuman - Timothy Ferriss

PRAISE FOR The 4-Hour Workweek "This is a whole new ball game. Highly recommended." --Dr. Stewart D. Friedman, adviser to Jack Welch and former director of the Work/Life Integration Program at the Wharton School, University of Pennsylvania "It's about time this book was written. It is a long-overdue manifesto for the mobile lifestyle, and Tim Ferriss is the ideal ambassador. This will be huge." --Jack Can eld, cocreator of Chicken Soup for the Soul®, 100+ million copies sold "Stunning and amazing. From mini-retirements to outsourcing your life, it's all here. Whether you're a wage slave or a Fortune 500 CEO, this book will change your life!" --Phil Town, New York Times bestselling author of Rule #1 "The 4-Hour Workweek is a new way of solving a very old problem: just how can we work to live and prevent our lives from being all about work? A world of in nite...

Keeled → Inglise keel
16 allalaadimist


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