What are diminishing marginal returns as they relate to costs?
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Chapter 1 Terms Business: a person or place that provides a good or service Business Environment: where a business operates. - REMEMBER: • ECONOMIC • COMPETITIVE • TECHNOLOGICAL • SOCIAL • GLOBAL EAT CORN TO SAVE GOATS Demographics: population characteristics; includes population size, density, age, gender, race, etc. E-commerce: Business that is conducted online (think Amazon, online stores, paying bills, etc). Entrepreneurs: People that use their own time, money, and resources to start, as well as manage, their own business. Loss: Expenses > Revenue Revenue - Expenses = Loss Non-proﬁts: Business;like places that provide employment and services for their communities instead of focusing on ﬁnancials. Pr
Textbook: Principles of Economics
Author: Steven A. Greenlaw, David Shapiro, Timothy Taylor
This full solution covers the following key subjects: . This expansive textbook survival guide covers 37 chapters, and 1291 solutions. Principles of Economics was written by and is associated to the ISBN: 9781947172364. The full step-by-step solution to problem: 22 from chapter: 7 was answered by , our top Business solution expert on 03/16/18, 04:24PM. Since the solution to 22 from 7 chapter was answered, more than 233 students have viewed the full step-by-step answer. The answer to “What are diminishing marginal returns as they relate to costs?” is broken down into a number of easy to follow steps, and 10 words. This textbook survival guide was created for the textbook: Principles of Economics, edition: 2.