# Browse Over 10 Million Questions

Let Our Professionals Assist You With Research and Writing.

# The law of diminishing marginal returns

## Writernursing.com

Homework 5—Chapter 8 1) Five months ago Wilson opened up a health club. Which of the following is an implicit cost related to the health club? A) Wilson paid \$120 for an outside laundry service to clean the towels used at the club.Document Preview:

Homework 5—Chapter 8 1) Five months ago Wilson opened up a health club. Which of the following is an 6) Cy recently went into the business of producing and selling cardboard boxes. implicit cost related to the health club? For this business, which of the following is most likely to be a fixed cost? A) Wilson paid \$120 for an outside laundry service to clean the towels used at A) fire insurance the club. B) labor costs B) Wilson paid \$100 for the pest control exterminator to spray the health club. C) paper costs C) Wilson previously worked as an accountant, earning \$3,000 a month. D) adhesive costs D) Wilson usually eats four hamburgers a day, priced at \$3 each. E) b, c, and d are equally likely to be fixed costs 2) Economic profit is the difference between total revenue and 7) The change in total cost that results from a change in output is __________ A) explicit costs. cost. B) implicit costs. A) average fixed C) sunk costs. B) average variable D) the sum of explicit and implicit costs. C) average total D) marginal 3) Consider the following information about a business Diane opened last year: price = \$10, quantity sold = 25,000; implicit cost = \$55,000; explicit cost = 8) The short run is \$160,000. What was Diane’s economic profit? A) a period of time in which all inputs are fixed. A) \$35,000 B) a period of time in which all inputs are variable. B) \$195,000 C) a period of time in which some inputs are fixed. C) -\$35,000 D) always less than a year. D) \$90,000 E) a and d E) There is not enough information provided to answer this question. 9) The law of diminishing marginal returns holds for a situation in which 4) If a firm earns normal profit, then it has generated revenues A) all inputs are variable. A) equal to the sum of implicit and explicit costs. B) all inputs are fixed. B) greater than total opportunity costs. C) some inputs are variable and some inputs are fixed. C) sufficient to cover explicit costs, but not…

## Order a similar paper and get 15% discount on your first order with us

Dr. Thea Watson
98% Success Rate
“Hello, I deliver nursing papers on time following instructions from the client. My primary goal is customer satisfaction. Welcome for plagiarism free papers”
Always delivers in time.
John Doe
Designer
Dr. Thea Watson
98% Success Rate
“Hello, I deliver nursing papers on time following instructions from the client. My primary goal is customer satisfaction. Welcome for plagiarism free papers”
Always delivers in time.
John Doe
Designer
Dr. Thea Watson
98% Success Rate
"Hi, count on me to deliver quality nursing papers that meet your expectations. I write well researched papers in the fields of nursing and medicine".
Always delivers in time.
John Doe
Designer
Dr. Thea Watson
99% Success Rate
"A top writer with proven reliability and experience. I have a 99% success rate, overall rating of 10. Hire me for quality custom written nursing papers. Thank you"
Always delivers in time.
John Doe
Designer

## Tell Us Your Requirements

Fill out order details and instructions, then upload any files or additional materials if needed. Then, confirm your order by clicking “Place an Order.”

## Make your payment

Your payment is processed by a secure system. We accept Mastercard, Visa, Amex, and Discover. We don’t share any informati.on with third parties

## The Writing Process

You can communicate with your writer. Clarify or track order with our customer support team. Upload all the necessary files for the writer to use.

Check your paper on your client profile. If it meets your requirements, approve and download. If any changes are needed, request a revision to be done.

## Recent Questions

### NURSING ACTION PLAN

DETAILS are:— an ACTION PLAN: Quality and Safety in Operating Theatre(in a Hong Kong Hospital) from a Nursing Officier stand point Action Plan contents: 1.

### Discuss the overall quality of customer service offered at the nursing home (as evident by customer complaint inspection results)

Present the differences between clinical quality and customer service quality Instructions: For this Assignment, you will research the differences between clinical quality and customer service

### In a reflection of 450-600 words, explain how you see yourself fitting into the following IOM Future of Nursing recommendations

In a reflection of 450-600 words, explain how you see yourself fitting into the following IOM Future of Nursing recommendations: Recommendation 4: Increase the proportion

### Baccalaureate nursing

Baccalaureate nursing – healthcare writers onlyAPA format- if you’re able to write this paper well, and get me an A grade, I will use you

### DISCUSS THE ACTIONS/CHANGES THAT NEED TO BE IMPLEMENTED IN ORDER TO IMPROVE THE SATISFACTION SCORES AND ATTAINED CARE CLINIC QUALITY OUTCOMES.

Meso Level Leadership Assignment: Care Clinic Improvement Project: Assignment Guidelines with Scoring Rubric Purpose: Care Clinic Scenario: The Executive Team of Care Clinic prides itself