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definition of abnormal isoquant and normal isoquant
Average product of a factor is the total output produced per unit of the factor employed thus, Average product = total product / number of units of factor employed If Q stand
Plot the demand schedule and draw the demand curve for the data given for Marijuana in the case above.
if you were making the pricing decision for the gasoline company, would you cut, raise or leae the price unchanged
How a manager determines the optimal number of employees in a project
Explain externality, how can government intervene to achieve allocative efficiency in case of external cost or external benefit? Answer The term externalities refers to bot
#questionLook up the real GDP of the U.S. for the 4th quarter of 2007 and compare it with the real GDP for the 2nd quarter of 2012. What does this tell you about the performance of
If a minimum wage were imposed below the competitive equilibrium what would we expect to observe in the effected labor markets?
For the following assume that b=.95 1, If the economy is short of the full employment level by 1.5 trillion, what could be done in the simple Keynesian cross model to fill the ga
Q. What is Unit Labour Cost? Unit Labour Cost: How much an employer pays for labour needed to produce each unit of a good or service. Unit labour cost can be computed by dividi
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