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Yolanda runs a bullfrog farm and when she employed one person, she produced 1,000 bullfrogs a week. When she hired a second worker, her total product doubled. Her total product doubled again when she hired a third worker. When she hired a fourth worker, her total product increased but by only 1,000 bullfrogs. Yolanda pays $1,000 a week for equipment and $500 a week to each worker she hires.
No less than 1000 words (excluding the title page, bibliography and appendices). Question 1. A Study into the Key Principles of Economics.
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If the price level remains constant by Explain how more will real output increase.
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