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The Cost Minimizing Input Choice
- Assumptions
- R = depreciation rate + interest rate
- Question
* The Isocost Line
- C = wL + rK
- Isocost: A line which shows all the combinations of L & K which can be purchased for same cost
- Rewriting C as linear:
is the ratio of wage rate to rental cost of capital.
* This shows the rate at which capital can be substituted for labor with no change in cost.
Answer in true or false 1. "Improvements in environmental quality of a recreational site will, all other things being equal, increase consumer surplus of individuals that visit
What are the basis for International Trade?
what is bains theory ? describe with the diagram
Work of Denison Normal 0 false false false EN-IN X-NONE X-NONE MicrosoftInternetExplorer4
Q. What is Formal Economy? Formal Economy:Sector of the economy that produces services and goods in return for monetary payment, and is fully integrated into the formal structu
WHAT IS PPC
Disposable Personal Income The amount of cash remaining after taxes are removed that an individual has the opportunity to spend.
explain the following disadvantages of amalgamation. Complex nature
current rate of gdp
Could I have examples of syndicated and organized oligopolies with companies as examples
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