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A neoclassical theorist would use the formula Y = (w r * L s) + (I r * K s) to explain why a given person, John, is poor.

a) According to the Neoclassical Theory, how would John decide how many hours of labor to supply? Draw an appropriate diagram to illustrate your answer and explain your answer in words.


compare horizontal,vertical, and conglomerate combinations

Hi! Does anyone have any idea how an increase in inflation would effect bond prices??

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