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what are the limitations of economies of scale?
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Assume that the market equilibrium rent for two-bedroom apartments in Santa Monica, California is $1500 per month and the quantity is 40,000 units. The city council of Santa Monica
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Division of Labor The occupation or breaking down of jobs into simple and repetitive responsibilities.
concept of supply
Two people are engaged in a joint project. If each person i puts in the effort xi, the outcome of the project is worth f(x1, x2). Each person’s effort level xi is a number between
explain the marginal produtivity theory
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