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discus how opportunity cost influence supplier''s decision to supply labour
Inflation is defined as
draw the following diagrams and explain their shapes: the production possibilities frontier a demand curve the demand curve for a firm in perfect competition the demand curve for a
what do you understand by production posibility curve?
Expectations played a major role in Keynes' theory of the determination of aggregat output and employment in market economies in the short run. Expectations about future yields on
law of diminishing returns
What is the difference between houehold and consumers?
Division of Labor The occupation or breaking down of jobs into simple and repetitive responsibilities.
1.A firm producing Golf sticks has a production function given by Q=2v(K L) In the short run, the firm’s amount of capital equipment is fixed at k = 100. The rental rate for k
calculate demand function is Q=100-P, where Q is quantity demand and P is price
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