Thought of economists for law of equal marginal advantage
Explain different thought of economists for law of equivalent marginal advantage.
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• Most economists suppose that people make decisions as per the relative costs and gains of extending or reducing particular activities by tiny amounts.• The law of equivalent marginal advantage means that every morsel of food a person eats will be evenly satisfying.• As per the law of equal marginal advantage, every worker is evenly productive and each dollar spent upon a good is evenly satisfying.
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Line T1 depicts in given graph as in below a tax system which is: (i) progressive. (ii) recessive. (iii) proportional. (iv) biased. (v) regressive. Discover Q & A Leading Solution Library Avail More Than 1435220 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads No hassle, Instant Access Start Discovering 18,76,764 1961334 Asked 3,689 Active Tutors 1435220 Questions Answered Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!! Submit Assignment
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