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the general characterictics of economic models,its limitations and verification
what is iso-product curve
The Law for Diminishing Marginal Returns - As use of an input increases in equal increments, a point will be approched at which the resulting additions to output decreases
If there is an industry and some of the companies get shut down, how would you graph the short run and long run effects
Crumble Corporation produces cookies. Here is the relationship between the number of workers and output (in dozens of cookies) in a given day: Workers Output Marginal Product T
• Production Function . The factors of production have to be combined in a particular manner to produce a certain product. Think of baking a cake which involves mixing fixed propor
who is a rational behaviour
periodic table groups and acid and basic radical
bains limit theory
law of diminishing marginal returns does not hold then output of the world can be produced in a flower pot. Explain?
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