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MEC is the expected rate of return on capital and MEI is the expected rate of return on investment.
MEC is the highest rate of return expected from an additional unit of capital stock over its cost. MEI is the expected rate of return from one additional unit of investmeni.
what is the relationship between marginal physical product and marginal cos
Total product is the sum of all marginal products.
Find the relationship between internal efficiency and school size?
It helps producers decide how much of a good to make.
It helps producers decide how much of a good to make.
A marginal product curve is a visual presentation that demonstrates the relationship between the marginal product and the quantity of its input. All other inputs are fixed.
Graphically illustrate and explain the relationship between marginal productivity of labour and the demand for labour .
Investment Demand Schedule
The relationship between friction and the efficiency of a machine is when friction increases, efficiency decreases, and vice versa. That is why you can never have 100% efficiency, because there is always at least a little friction. They are inversely proportional, meaning, higher friction equals less efficiency.
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