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Which of the following is a free good? Fresh water, forests in the northwestern United States, the advice of economists, or none of the above?
Average product and marginal product: Average product (AP) is the output per unit of the variable factor employed. In other words, it is the productivity of the variable facto
With the aid of a diagram explain the long run average cost curve and the influences upon it.
dicuss the relevance of studing production theory and analysis inn your career as a student of manegerial economics
1) What are the most important challenges that economists try to address? (2) What is the role of government in a market based economy? (3) Who are the main economic players
Why some country saving less and consumption more?
what is the definition of economic system?
#q7. Problem-solving question: Use the following data for a firm’s output at various levels of employment (L) to calculate: a) its marginal physical product of labor (MPPL) sched
consumer=m with the help of indifference curve analyis
Definition and graph of centralized cartel
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