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how does the concept of possibility production curve aplicable in real life?
aid of production possibilty curve
Regardless of the market structure, oligopolist and the monopolist maximize their TR when MR=0. Do you agree?
Consider a market that is served by a single-price monopolist with marginal cost given by MC = $100 + Q. The market demand is given by P = $800 – 3Q. Determine the following: the f
Why were there not any sustained increases in material productivity of human labor back before 1500? Since improved technology quickly ran aground on resource scarcity. As huma
two or more variable inputs
why is elasticity important for beachfronf properties
Separate Administrative Set-up for Exports: It may be worth examining the setting up of Foreign Trade Board, similar to what obtains in Japan (JETRO) and South Korea (KETRO)
If Kansas can formed either 400 tons of wheat or 100 tons of corn and Nebraska can formed 300 tons of corn or 200 tons of wheat then it makes sense for the two states to specialize
my q is dat how can we find mathematically dat a production function is concave?
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