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What is fixed cost and variable cost?
By the Production Function to Cost Curves:
A fixed cost is a cost which does not depend onto the quantity of output generated. This is the cost of the fixed input.
A variable cost is a cost which depends onto the quantity of output generated. This is the cost of the variable input.
conditions for steady state in solow model.in what respects is golden rule different from steady state?
#questionKeynes liquidity Preference theory stipulates that money demand is negatively related to current income and positively related to interest rate..
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discuss approach to organizational design
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