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A firm has a short-run production function defined by: Q = -. 02L 2 + 8L What is the short run demand curve for labour (L) in terms of the market wage rate (w), if
Explain how diminishing returns differ from diminishing returns to scale. The answer should clearly distinguish among SR (one or more factors are fixed) and LR (where all facto
Average Fixed Cost (AFC): AFC is the fixed cost per unit of output. AFC = TFC/y Since the TFC is constant throughout the short run, as y increases AFC will decline. Therefore
If I submit an economics problem(Home work), How soon it will be answered?
COST benefit analysis Costs that are applicable in the project and the benefits that are associated with it are as follows: Risk occurs at different levels. It takes pl
net preparation ranjna baghel
price of laptop increases by 20% and there is a 40% drop in the quantity demanded?
"price is becoming cheaper,yet the demand for car is not rising".does it mean law of demand is not operative?
What aspects of amino acid structure are involved in the formation and stabilisation of beta-sheets in proteins?
Explain the figure of say''s law of market
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