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Nineteenth-century British economist Thomas Malthus reasoned that because the amount of land is fixed, as population grows and more labor is applied to land, the productivity of labor in food production would decline, leading to widespread famine. This predication is what led economics to be called "dismal science". Malthus's prediction failed to come to pass as advances in technology, such as the Green Revolution, greatly increased labor productivity in food production. Do such technological advances contradict the law of diminishing marginal returns?
Illustrate what might a high dividend payout ratio suggest to an analyst about a company's growth prospects.
Use the data below to find out the growth of income per person (over the entire period, not an annual basis) between the two years listed.
High Mark Industries sells solar water heaters to households interested in lower energy bills and sustainable energy.
Illustrate what technology is used to catch them. What's wrong with America's economy, and is America's economic problem short term or long term.
Assume that you have drawn a total product curve for labor given a specific technology. Now let some sort of technological change increase the productivity of labor.
Suppose the government is concerned that the going wage rate of $6 per hour for low skilled workers is too low.
you make the entire marketing plan. Document your ideas in a memo. Your memo should address the following points at a minimum.
Would you have a higher consumption standard of living by self-sufficiently producing all the goods you also your family want to consume or by employing your labor.
skills are required for current also future employees to possess for the organization to be successful
Explain how does the availability of substitutes affect purchasing decisions.
This solution will focus on the negative impacts of NAFTA from two main fronts: the negative impact on trade and negative impact on employment.
According to your estimate, elucidate what happens to the Transit Authorityas revenue when the fare increases.
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