Explore BrainMass
Share

Marginal product change for a resource

This content was STOLEN from BrainMass.com - View the original, and get the already-completed solution here!

Explain how the marginal product for a resource can change. Conclude with an explanation for what can change the demand for a resource.

Your answer to each written response question should contain a minimum 200-300 word response.

Make certain that all of your sources (including your textbook) are referenced at the end of the written response and that directly quoted information within your written response is cited to show the difference between your ideas and the exact words of your sources.

General encyclopedias are prohibited sources. They are NOT to be used.
Examples of prohibited sources include, but are not limited to, Wikipedia, Encarta, and World Book.

It is required that these references and citations be put in APA Style because you will be using this style in other papers, projects, case studies, and article reviews.

McEachern, W. A., (2010) ECON Micro 2, (2010-2011 ed.). Mason, Ohio: Cengage Learning.

© BrainMass Inc. brainmass.com October 25, 2018, 7:55 am ad1c9bdddf
https://brainmass.com/economics/preferences-choice/marginal-product-change-resource-520161

Solution Preview

In accordance with BrainMass rules this is not an essay but only background help.

Step 1
The marginal product for a resource is the change in output when one more units of the resource is added. For example, if an additional unit of labor is added, the marginal product is the change in output that occurs when an additional unit of labor is added. The marginal product for a resource can change ...

Solution Summary

Change in demand for a resource is discussed step-by-step in this solution. The response also has the sources used.

$2.19
See Also This Related BrainMass Solution

Marginal product for a resource can change

Explain how the marginal product for a resource can change along with what can change the demand for a resource.

View Full Posting Details