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assumptions and limitation
Q. Show the method of production? A process or method of production is a combination of inputs essential for the production of output. A method of production is technically eff
Using the National Output for Calculating National Income A final method which is more direct is the "output method" or the value added approach . This involves adding up
The quantity theory of money In the 17 th Century it was noticed that there was a connection between the quantity of money and the general level of prices, and this led to th
Assume that input prices are constant at r = 1, w = 1, with technology which consists of 5 processes having the following properties: Process Inputs Capital (machine hours)
production function
"Inflation is not possible under the gold standard." Is this declaration true, false, or uncertain? Describe your answer
1. Joe is evaluating the marketing strategy at his restaurant and inn. Suppose that in response to a $2.00 off sales promotion for spaghetti dinners, Joe finds that nightly dinner
Equilibrium in a single market model A single market model has three variables: the quantity demanded of the commodity (Q d ), the quantity supplied of the commodity (Q s ) an
is the sales maximization applicable
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