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The End of the Malthusian Age We clearly no longer live in a Malthusian age. For at least 200 years improvements in the efficiency of labor made possible by new technologies a
New developments
Difference between accounting profit and economic profit: The difference between accounting profit and economic profit is that economists include in total cost of production b
what is iso-product curve
Relation between TP and MP: Graphically, given the total product curve, MP is the slope of the tangent at any point on the TP curve. This is shown in Figure. See that
Profit Margin A measure of organization performance, profit margins measure the percentage return an organization is earning over the cost of production of the items sold.
what is ''Prisoner''s Dilemma'',of non-cooperative game?estion..
market failure
Cost Sharing in Higher Education - Graduate Tax Another commonly suggested measure is to tax the employers employing educated manpower. The case for this method is made on the
what is the value in 10 years of 1 million dollars if interes rates are 4%?
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