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What is the difference between price value and price level?
Price value is the value of commodity bought by the consumer at a certain price from the market, while, price level is the present market price prevailing in the market.
Ask questA rmuses 4 inputs to produce 1 output. The production function is f (x 1 ; x 2 ; x 3 ; x 4) =minfx 1 ; x 2 g + minfx 3 ; x 4 g.ion #Minimum 100 words accepted#
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