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1. Consider a model economy with a production function Y = K 0.2 (EL) 0.8 , where K is capital stock, L is labor input, and Y is output. The savings rate (s), which is define
#question.what is meant by ppc?illustrate the central problems of aneconomy with this curve.
A tax imposed on a market with an inelastic demand and an elastic supply will cause
The Supply Curve – The supply curve exhibits how much of a good manufacturerss are willing to sell at a particular given price, holding constant other factors that can aff
data of past 20 years regarding price, wage, employment, productivity, investment, profit or loss.
what are the recommendations for effective economic planning?
What is affected variable and cause variable? In a graph, one variable is dependant and the other is independent. The dependant variable is known as effect variable and indepe
if the inverse demand curve is p=120-Qand the marginal cost is const ant at 10 ,
Environmental economics goes back to the 19th century. Economists who research the planet are mainly worried with the idea of externalities, rare organic sources, and with the pro
Capital: Broadly defined, capital represents tools that people use when they work, to make their work more efficient andproductive. Under capitalism, capital can also refer to a su
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