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why does gap between the ATC curve and the AVC curve decreases as the level of output increases
Using the Wage Rate and Output per Hour as indicated on the table below, calculate the output per dollar wage and unit labor cost. Then decide on the optimal wage rate for this c
Rationale for government intervention There are six major functions the government can perform in an economy. 1. The government provides a legal and social framework within which
a consumer consumes only two goods x and y is in eqillibrium price of x falls explain the reaction of consumer through utility analysis
Question 1: a. What is the supposed rationale for subsidising higher education in various developing countries? b. Do you think there is a legitimate rationale to the abov
Tc and TVC curves have an inverted s-shape
What are the factors that producers in the society may take into consideration when deciding on the what to produce,how to produce and for whom ?
Uses of population census: It is used to determine the size and the growth rate of the population at a country. The helps the government in planning for education, transporta
explain land as a part of the four factors of production
The vast majority of corn and soybeans produced in the United States is grown in the Midwestern states including: Nebraska, Iowa, Illinois, Indiana, and Ohio. This region experienc
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