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Suppose that a firm’s production function is given by Q=30L-3L2, where L is labor input and Q is the output. a) Derive and draw the firm’s demand for labor while the firm’s produ
would a rational producer be concerned with the average or marginal product of an input in deciding whether or not to hire the inputs?
How to use Demand and Supply tools to analyze the case of the Egyptian labor market?
Production Function for Wheat * Farmers should choose between a capital intensive or labor intensive technique of production. Isoquant Describing Production of Wheat
if nominal GDP in 2002 exceeds nominal GDP in 2001, did real output rise?
Why government cannot print new currency to pay the debts? When there is deficiency of internal resources then government borrow. Government can borrow either from central ban
Two consumers John and grayson like to transfer songs to their phones from jose phone the table represents their willingness to pay and jose willingness to accept for each download
explain consumer equilibrium diagrammatically as well mathematically by using necessary and sufficient conditions
Composition of Trade: It is indicative of the structure and level of development of an economy. For instance, most of the UDCs depend for their export earnings on a few primar
When is the price of a product demand determined? The price of a product is demand defined while the product is in fixed supply. This means that the price of the product is defin
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