Explain the cost function in briefly
Explain the cost function in briefly.
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The relationship in between cost and output is technically termed as cost function, here as:
TC = f (Q) TC= Total cost,
Now here: F is the function of, Q is the Quantity produced.
answer written below is correct for the question detail exception of demand curve ?
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This supply of labor of worker is perfectly inelastic at point: (w) point a. (x) point b. (y) point c. (z) point d. Q : Moral Hazard and Efficiency Wages Firing a worker who regularly goods off and calls in sick may not resolve the moral hazard problem of shirking when: (w) there is a high probability which the worker will sue the firm. (x) the local unemployment rate is high. (y) average worker productivity is low. (z
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