production theory, Microeconomics

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why constant return to scale is important

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Available resources with the desired goals: To match the available resources with the desired goals: The complementary nature of some investment decisions make for planning. T

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. Crumble Corporation produces cookies. Here is the relationship between the number of workers and output (in dozens of cookies) in a given day: Workers Output Marginal Product

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This involves the characteristics of the production human as well as non human using the product concerned. For example it may pertain to the number and characteristics of children

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a. Suppose the demand for saline solution is perfectly inelastic for contact lens wearers. If the government imposes a tax on saline solution, what occurs? Be sure to tell what hap

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How has the Haberler''s theory of opportunity cost an improvement over the classical theory of trade

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Protection of infant firms: Infant industries are those firms, which are young. The absence of economies of scale to them makes their unit cost of production higher than older

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What are the costs and difficulties of such an operation? The direct costs are administrative, cooperative and storage costs, whereas the societal costs include misallocation,

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What is framework in the Modern Economics? Framework in the Modern Economics: The framework is a framework which uses to deal along with daily activities and is utilized to

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