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Illustrate the measurement of inputs and outputs in production technology? Measurement of Inputs and Outputs in Production Technology This is generally most satisfactory to
equilibrium price and output.
Suppose D1 represents the demand curve for paperback novels, D2 represents the demand curve for gasoline,S1 represents the supply curve for paperback novels and S2 represents the s
what do you understand by production posibility curve?
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Difficulties in Measuring Cost 1) Output data may represent an aggregate of different type of products. 2) Cost data may not include opportunity cost. 3) Allocating c
is south african economic system more allocative efficient?
GIVE EXAMPLES OF EACH OLIGOPOLY MODELS FROM REAL LIFE
State trading is often associated with canalisation. Canalisation means estaolishment of state monomply in foreign trade. In other words, an item that is canalised can be imported
compare marginal rate of technical substitution and marginal rate of substitution
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