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Labour Supply:Total number of workers available and willing to work in a paid position; generally measured by the labour force(even though the labour force usually excludes many workers who don't officially qualify as ‘actively' seeking work though who can nevertheless be mobilized into employment if necessary).
How a manager determines the optimal number of employees in a project
Production having Two Outputs -Economies of Scope * Economies of scope exist when joint output of a single firm is greater than the output which could be achieved by two diffe
when the demand function is 2Q-24+3P=0,find the marginal revenue when Q=3.
An economy can produce a maximum of either 28 million tons of wheat or 7,000 automobiles, or various intermediate quantities, as depicted in the table below:
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discuss utility
Average Product (AP) of a Factor: The productivity of a factor is often seen in terms of its average contribution. Although not very important in the theoretical discussions,
discuss and illustrates the following terms with diagrams1.inferior goods.2.normal goods,3.giffen goods
what is market economy and how it solve the central problem
Define Nash equilibrium
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