What are the relationships and differences in definitions and interpretation of: a marginal productivity of i-th production
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What are the relationships and differences in definitions and interpretation of: a marginal productivity of i-th production factor, a growth speed of production, a growth rate of production, an elasticity of production with respect to i-th production factor?
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1 Marginal Productivity of ith Production Factor This refers to the change in total output due to a tiny increase in ith input while other inputs are ...View the full answer
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Related Book For 
Microeconomics Static And Dynamic Analysis Springer Texts In Business And Economics
ISBN: 9783031105531
1st Edition
Authors: Krzysztof Malaga, Karolina Sobczak
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