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The total physical product curve represents the total physical amount of output possible given Quantity Outputs Output = A * f {Land, Labor, Capital, Technology,
The total physical product curve represents the total physical amount of output possible given Quantity Outputs Output = A * f {Land, Labor, Capital, Technology, Entrepreneurship] where A represents the productivity of resources. Quantity Inputs X
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Microeconomics
Authors: Christopher T.S. Ragan, Richard G Lipsey
14th canadian Edition
321866347, 978-0321866349
