What is a maintained assumption? What maintained assumptions are used in the model of individual choice? What
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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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These are assumptionsthat are basic to the economic model used Rati...View the full answer
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Related Book For 
Microeconomics An Intuitive Approach with Calculus
ISBN: 978-0538453257
1st edition
Authors: Thomas Nechyba
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