Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
We define marginal product of labor, MPL as the derivative of f with respect to the L - which is, as (approximately) how much Y will increase when L increases by one unit. We also describe the marginal product of capital, MPK as the derivative of f with respect to K. Note that MPL and MPK will rely on both L and K (MPL and MPK are functions, not variables).
MPL = df/dL, MPK= df/dK
When we view Y as a function of L holding K fix, Y will be increasing in L however at a decreasing pace (Because of the fact that MPL is positive though decreasing in L).
Figure:Production function
We state labour productivity as Y/L that is, as GDP per hour worked. Labour productivity tells us how much we can produce by employing one hour of labour and it relies on the amount of capital and the technology.
mang ki aye loach
The following is the information from the national income accounts for a hypothetical country: GDP
What are the important tools to consider Monetary Policy? Important tools to consider Monetary Policy: a. What the money demand curve is b. Why the liquidity preference m
Due to the recent downturn in economic activity, Taz, has seen his hours at work reduced. He used to work 30 hours a week at $13 and hour, but now he works 22 hours. Due to this
It refers to the study of feasibility of a project in terms of its total economic cost and total economic advantages. It means to compare total cost with total advantage if we
Consider a market where supply and demand are given by QXS = -12 + PX and QXd = 78 - 2PX. Suppose the government imposes a price floor of $35, and agrees to purchase any and all un
Compare Classical economic theory to Keynesian economic theory. Which approach, if either is the US currently applying and what have been the effects of such policies?
The price of gasoline has recently come down as has the quantity. Show graphically and explain what might have caused this.
why is imports subtracted from the expenditure approach
I want to know price and estimate time on this assignment.
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd