1. If there were three techniques available, what would the isoquant look like? Would it make any...

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1. If there were three techniques available, what would the isoquant look like? Would it make any difference to the conclusions of this model?

2. If more jobs were created in the towns, how, in the rural–urban migration model, would this affect (a) the level of urban unemployment; (b) the rate of urban unemployment?

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Economics

ISBN: 978-1292187853

10th edition

Authors: John Sloman, Jon Guest, Dean Garratt

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Question Posted: Apr 03, 2019 10:07 AM

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1. If there were three techniques available, what would the isoquant look like? Would it make any...

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1 The isoquant would have four straightline sections One vertical then two downwardsloping sections ...View the full answer

Economics

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