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explain optimal use of variable input?
#questThe demand for and supply of labour in a certain industry are given by the equations Nd = 400 - 2w Ns = 240 + 2w Where Nd ( is the number of workers employers want to hire
Relatiön between TC ,TFC and TVC
the law diminishing marginal utility explain through flow chart
williomson''s model of managerial discretion
Government Production: Some production in the economy is undertaken directly by governments (or several kinds of government agencies) in order to meet public requirements (as disti
Explain how Keynesian economics views the role of markets and government intervention in fighting business cycles. Keynesian economics believes markets frequently fail and gov
what is comparative advantage
Market equilibrium happens where supply equals demand (supply curve intersects demand curve). An equilibrium implies that there is no force that will cause further changes in pri
Division of Labor The occupation or breaking down of jobs into simple and repetitive responsibilities.
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