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negative slope on ppf represents what?
would a rational producer be concerned with the average or marginal product of an input in deciding whether or not to hire the inputs?
Elasticity of Demand This is a measure of how responsive the sales volume of goods is to changes in that product's price, equal to the marginal change in sales, divided by the
The government decides to implement a new economic stimulus package targeted at American Farmers. The stimulus package gives every household a $300 prepaid credit card that may on
Explain the Human Development Index Introduced by the UN in 1990, the index take into account not only the goods and services formed but also the ability of a population to use
What are the economies and diseconomics of scale?
Assume in the Solow growth model that s=.25, n=.02, d=.08, and f(k)=k^3. A) Assume that z=2. What is the steady state level of capital per worker and consumption per worker?
in aid of a diagram explain the concept of diminishing returns in production
#question.contrast the long run equilibrium position of monopolistic competition firm and oligopoly.
Dividend The distribution of an organizations earnings to its owners-the stockholders. Cash dividends are most ordinary, although partition can be issued in other forms, such
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