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Unemployment Rate
A measure of labor force utilization the unemployment rate is equal to the number of people which is unemployed as a percentage of the total labor force.
Why total product continues to increase despite a decrease in the marginal product?
study on internet will impact on gdp
meaning of opportunity cost
Accounting profit equals revenue minus all explicit costs, and economic. One profit is defined it should not be difficult to measure the profit of a firm for a given period. But tw
use a graphical illustration to describe briefly what the influence of each of the following be on the market supply of labour,(a) an increase in immigrants, (b) a reduction in wag
what are the relevance of economics to most business today??
1. Suppose that Mr. John has the following Cobb-Douglas utility function U = 6X^2/3y^1/3 the market price of X and Y commodity are $1 and $2, respe
Prove that the utility approach and the indifference curve approach yield the same consumer equilibrium.
Find a recent hostile takeover in Europe and compare the European takeover tactics and defences to those tactics and defences in US. In your opinion do you think the targeted firm
would a rational producer be concerned with the average or marginal product of an input in deciding whether or not to hire the inputs?
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