1. Explain how diminishing marginal returns works.
1- Explain how the long run cost structure is derived from the short run cost structure.
Please provide all the standers bellow specially standers 3 and one source each q
The answer must come from the ch 9 and 10 and the lecture
For stander 3 provide one firm and u can find it online , provide the source
Review Questions Grading Rubric
Standard #1: Economic theory
Student incorporated at least two relevant microeconomic concepts in their answer.
Standard #2: Content
Student provided relevant material in their answer; answer was concise and relevant to the question.
Standard #3: Application
Student provided a example from at least one firm (and clearly articulated both the firm and the example) pertaining to their answer.
Standard #4: Synthesis
Student was able to synthesize material presented in lectures, text, and a example from a firm in their answer.
Standard #5: Clarity
Student’s answer had a clear focus, typographical/grammatical errors were fewer than three, arguments were able to be easily followed.