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Why is human capital so important in the development process? Explain human capital in terms of (the sum of) education/training/experience/ literacy etc, and clearly show how t
What is an optimization in the methods of mathematics of modern economics? Optimization is a basic tool for the development of modern microeconomics analysis. Many of economic
Determine the value of the marginal product of labor. Equilibrium in the Labor Market Each firm will hire labor up to the point at that the value of the marginal product of
explain the fundamental task of economic system usin tomatoes as an example
Dynamic Changes in Costs: The Learning Curve * The learning curve measures impact of worker's experience on costs of production. * It describes relationship between a firm
meaning of economics laws
how do I explain the hicksian and slutsky theory of consumer behaviour in an examination
discuss how economic theory explains the optimum pattern of consumption of an individual consumer
What are the economies and diseconomics of scale?
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