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What’s the central idea of production in the Austrian conception?
Which of these is the locus of productive activity?
Supply and demand in factor markets determine which of these?
Which of these is not a necessary characteristic of a factor which earns its full DMRP in the ERE?
The Law of Returns states that:
____ is the addition to total product from adding a unit of a particular factor. ____is that amount multiplied by the price of the final good. ____is that amount adjusted for the rate of interest.
If a production function yields the following results 2A + 4B + 6C ⟶ $200 0A + 4B + 6C ⟶ 0 then factor A is:
Which of these is not a cause for changes in factor prices?
Which of these does not affect the supply of labor in a particular occupation?
In the absence of uncertainty, which of these does not earn net income?