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would a rational producer be concerned with the average or marginal product of an input in deciding whether or not to hire the inputs?
for the total product curve why is it when you reach at maximum adding more input leads to decline in output?
What is affected variable and cause variable? In a graph, one variable is dependant and the other is independent. The dependant variable is known as effect variable and indepe
What is GE Matrix?
I purchase a used stove for $155 when I was willing to pay $185. If a new stove costs $375,what is my consumer surplus
limitations
Explain the detail central problem of an economy?
explain consumer equilibrium diagrammatically as well mathematically by using necessary and sufficient conditions
Determinants of Social Demand for Education Certain levels of education like the secondary school and graduate level are considered as having productive value and are attribut
Water Meter Replacement Program: Typically water providers install meters at each service address, read meters monthly and charge customers according to their usage. In resid
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