Economics #3 due at 6PM (EST) today – Original work – 200 words


Discuss these objectives:


1.1  Describe the relationship between the number of inputs and the law of diminishing marginal productivity.

1.2  Analyze the relationship between productivity and the cost of production.

1.3  Analyze the effect of changes in the supply of and demand for factors of production on the price of inputs.

  • Analyze the effect of changes in marginal revenues and costs . Include the topics you feel comfortable with, any topics you struggled with, and how the topics relate to your field.
    200 words


200 words