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for the total product curve why is it when you reach at maximum adding more input leads to decline in output?
Ask questiowhat are the importance of the branches of economics
explain the main criteria for classifying firms into industries.which criteria serve the better and why?
Q. Explain abput Capitalist Class? Capitalist Class:Group of individuals (which represents just a couple of percent of population in advanced capitalist countries) which contro
differential rents..
Q. Defien Hyper - Inflation? Hyper-Inflation:It's a situation of extremely rapid inflation (reaching 100% per year or more), frequently resulting from a condition of political
Individual Demand * The Individual Demand Curve - Two significant Properties of Demand Curves - 1) The level of utility which can be attained changes while moving along
calculate point elasticity of demand function Q=10-2p for decrease in price from Rs3 to Rs2
A farmer produces maize according to the following production function Q m = AK 1/3 L 2/3 Where Q m is output of maize, A = land, K = capital and L = labour Given that
What are externalities? Give an example of positive and negative externality and explain why the market outcomes are inefficient in the presence of externalities
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