What is a maintained assumption? What maintained assumptions are used in the model of individual choice? What

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What is a maintained assumption? What maintained assumptions are used in the model of individual choice?
What is the difference between labor and human capital?
Is decreasing returns to scale the same as diminishing marginal product? Why or why not?

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Exploring Economics

ISBN: 9781439040249

5th Edition

Authors: Robert L Sexton

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Question Posted: Nov 25, 2017 02:25 AM

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What is a maintained assumption? What maintained assumptions are used in the model of individual choice? What

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These are assumptions that are basic to the economic model used Rati...View the full answer

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