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Determination of L in the cross model As firms will produce less than Y OPT , they require less labor than L OPT . We can determine exactly how much L they need in order to pro
factor for long run trend of term of trade
a complete demend funtion equation
Explain the law of diminishing marginal returns using the example of a factory which is currently running at half capacity and employs more staff
What is productivity? Productivity or average product (AP): It is output person which is output divided through number of workers AP= Q/L. There labour Productivity can
examine keynesian theory of un employment
Compare the three investments below in terms of their riskiness. What is the best way to evaluate the riskiness of an investment given the information you have on them? Project Exp
explain how national income is determined under the following economies; 1.frugal economy 2.governed economy
concept of static and dynamic multiplier
Q. Describe Supply and demand in macroeconomics? In microeconomics, we are careful to distinguish between demand, supply and observed quantity. The first two are hypothetical c
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