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The demand for every productive resources is a derived demand. By derived demand it is meant that it is the output of the resource and not the resource itself for which is a demand by its employer. In other words, the demand for any factor of production is the list of the value of its marginal productivity.
the difference between an lc3 and other types of businesses is that
definition of abnormal isoquant and normal isoquant
Q. What is Monetarism? Monetarism:Monetarism was a right-wing economic theory (associated with work of Milton Friedman, in particular) which believed that inflation could be co
from where world bank get money & how
The Schrodinger wave equation generalizes the fitting-in-of-waves procedure. The waves that "fit" into the region to which the particle is contained can be recognized "by inspect
GIVE EXAMPLES OF EACH OLIGOPOLY MODELS FROM REAL LIFE
what are the factors influencing supply
using necessary and sufficient conditions explain consumer equilibrium diagrammatically as well as mathematically
discuss the term of price mechanism,give examples to elaborate the concept clearly
Short run equilibrium - Perfect competition: In the short-run, the perfectly competitive firm maximizes its profit by producing output where MC=MR=P. This is shown in the diag
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