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Hello aspirant
It is an economical word The term was first introduced by Alfred Marshall in his principles of Economics
. Derived demand for a factor of production or intermediate good that occurs as a result of the demand for another intermediate or final good. The demand for say a
The Mashllian theory makes us to understand that the factors that determine the length of production that are concerned with land is defines as tent. While the Ricardian theory states that the rent is the amount paid to the land owners as s part of the utilization of
Hello Arsh,
The theory of Marginal product and marginal revenue product under imperfect competion states that in equilibrium, the marginal revenue product becomes equal to its marginal wage (not to average wage).
Or we can say that MRP of a variable factor becomes equal to marginal wage.
Hope it clears
hello aspirant
well if im not mistaken sree vidyaniketan is an engineering college in tirupathi and to get a free seat you need to attempt and get a rank in AP EAMCET and attend the counselling .you should also get 45% in your 10+2.
if i am conveying the wrong
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