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- Only after When neither country specializes, the total production of cornTrade in Inputs?What is the effect of a decrease in population (perhaps caused by the plague) on the market for land? A decrease in the equilibrium rental price of land. An increase in the marginal product of land. A decrease in the supply of land. An increase in the demand for land.
- What are some factors of production which are important for any firm to produce goods. These factors have their own identities and respective earnings which the firm keeps in consideration while proceeding for the production process.Relationship between the Quantity of inputs used to make a good and the quantity of output of that good is called ………… a) Production function b) None of the mentioned c) Import d) ExportIn our paper airplane company, some inputs were fixed and some were variable. Match the input to whether it was VARIABLE or FIXED. Paper- Stapler- Staples- Employees- Production space-