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what are fundamentals of welfare economics?
MRTS and Marginal Productivity The change in output from change in labor equals: The change in output from change in capital equals
solution of central problem of an economy
Explain consumer sovereignty and why it might not be that extensive in real life. Explanation of consumer sovereignty Use of S/D model to show how changes in consumption pat
what total cost function yields a U-shaped average total cost function
Economies of Scale
how to calculate the volume of exports? or what is the definition?
give me answer of theory of product prices
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
quasi rent theory
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