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A: Marginal product of labor refers to change in total output when one more unit of labour is hired.
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A: *Answer:
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A: The correct answer is given in the second step.
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A: here we find the correct option as follow;
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A: Answer is given below
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Q: Define scarcity and identify two causes of scarcity?
A: Scàrcity it is the term of If the demand for a product is higher thàn its supply, then a shortàge…
Q: Which of the following is international trade? a. Trade between regions b. Both (b) and (c) c.…
A: International trade is very beneficial for the economy of a country because it influences the GDP of…
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- Nowadays, leaders are facing environmental, social, and economic challenges leading to lowered public trust in business. How would you anticipate and act on these challenges as a leader and shift the organization towards a sustainable society?Write detailed notes on the rationale of community economic analysisWhat do you understand by Economic Planning? Explain Planning by Combination of Direction and Inducement.