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#question.what is probability and laws
Determine the value of the marginal product of labor. Equilibrium in the Labor Market Each firm will hire labor up to the point at that the value of the marginal product of
suppose a firm''s total revenue depends on the amount produced (q) according to the function R= 70q-q2 total cost dependson q: C=q2+30q-q2
explain the marginal produtivity theory
Hotel rooms go for $100/room and sell 1000/day; if taxed at $10/room and rate goes to $108 and 900 rooms are sold, what''s the tax revenue and dead weight loss?
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Prove that the utility approach and the indifference curve approach yield the same consumer equilibrium.
using necessary and sufficient condition explain consumer surplus diagrammically and mathematically?
Slutsky Theorem - Mathematical Presentation: We already know from the first order conditions of utility Maximisation that, where D ij is the co-factor of the ith ro
why is normal rate of return on capital included in the total cost and what implication does it have
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