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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?
Q. What is Heterodox Economics? Heterodox Economics:Different schools of thought (including post-Keynesian, Marxian, structuralist and institutionalist economics) which reject
alternative theories of trade
what is outputgap?
Summary of Demand and Supply Considerations of Education A study of supply and demand considerations in education helps in understanding four major issues and concerns of an e
What are the properties of cost function? Properties of Cost Functions: Some similarities are here with consumer theory. Such similarities are actually exact while one compa
x-3y+6z=1 2x-5y+10z=0 3x-8y+17z=1
Illustrate about the elasticity of substitution. The Elasticity of Substitution: The technical substitution’s marginal rate measures the slope of an isoquant. As well the el
if nominal GDP in 2002 exceeds nominal GDP in 2001, did real output rise?
Distinguish between the terms of trade and the balance of trade. Basic explanation of the terms of trade as the average price of exports in relation to the average price of imp
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