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Division of Labor The occupation or breaking down of jobs into simple and repetitive responsibilities.
What are constant returns to scale? Constant returns to scale: A constant return to scale (CRS) implies that doubling inputs precisely double outputs, which is frequently a
large firms charge the price which is higher than the small firms, contruct the diagram
total revenue
what is Scitovsky Contour ?
Halala is a small country that uses most of Its resources to produce fruits and vegetables. If the country produces only fruits it is able to produce 8000kg of fruit per year. If i
NEED OF REFORMS: Presently Government offices generate a lot of paper work in the form of reports/returns, extended file movement in many cases for clarification of some mino
conditions for an abnormal supply curve
unemployment is voluntary, discuss in view of the classical economists and the keynesian
If Kansas can formed either 400 tons of wheat or 100 tons of corn and Nebraska can formed 300 tons of corn or 200 tons of wheat then it makes sense for the two states to specialize
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