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for the total product curve why is it when you reach at maximum adding more input leads to decline in output?
JOINT DEMAND AND COMPETITIVE
Risk Averse: - A person who prefers certain given income to risky income with same expected value. - A person is careful risk averse if they have a diminishing marginal ut
what is non- collusioligopoly and how its price and output is determined
#questions..
a) Consider the following flows (in thousand of people) between the various labour market states in a particular month: UE = 240 000; UNLF = 180 000; EU = 190 000; NLFU = 220 000
Direct and Indirect Benefits Life time earnings of an educated person is an instance of direct benefit from education. Skills produced in training or extension programmes in a
discuss how economic theory of marginal utility explains the optimum pattern of consumption for an individual consumer
What is the theory of second best? Prove the theorem with the help of diagram.
Florida citrus mutual, an agricultural cooperative association for citrus growers in Florida, needs to predict what will happen to the price and output of Florida oranges under the
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