List and Explain Three Strategic Motives Why Firms Become Multinationals

question 65

Essay

List and explain three strategic motives why firms become multinationals and give an example of each.

Explain the behaviors of marginal, average, and total products as inputs vary.

Identify the point where marginal product equals average product.

Understand the implications of the law of diminishing returns on productivity and output.

Understand the graphical representation and interpretation of production functions, including total product curves.

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