Ucl econ 100 passed Study guides, Revision notes & Summaries
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UCL ECON 100% PASSED
- Exam (elaborations) • 8 pages • 2024
- Available in package deal
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- $11.49
- + learn more
economic rent 
A payment or other benefit received above and beyond what the individual would have received in his 
or her next best alternative (or reservation option) 
isocost line 
A line that represents all combinations that cost a given total amount 
cost of production equation 
c = (wL) + (pR) 
isocost line slope 
- (w/p) 
Diagram: Production Function-diminishing average product of labour 
Malthus argument as diagram 
Malthusian problem 
His model does not take account of the possibility a...
-
UCL ECON 100% PASSED
- Exam (elaborations) • 8 pages • 2024
-
- $10.99
- + learn more
economic rent 
A payment or other benefit received above and beyond what the individual would have received in his 
or her next best alternative (or reservation option) 
isocost line 
A line that represents all combinations that cost a given total amount 
cost of production equation 
c = (wL) + (pR) 
isocost line slope 
- (w/p) 
Diagram: Production Function-diminishing average product of labour 
Malthus argument as diagram 
Malthusian problem 
His model does not take account of the possibility a...
-
UCL ECON 100% PASSED
- Exam (elaborations) • 8 pages • 2024
- Available in package deal
-
- $15.05
- + learn more
economic rent 
A payment or other benefit received above and beyond what the individual would have received in his 
or her next best alternative (or reservation option) 
isocost line 
A line that represents all combinations that cost a given total amount 
cost of production equation 
c = (wL) + (pR) 
isocost line slope 
- (w/p) 
Diagram: Production Function-diminishing average product of labour 
Malthus argument as diagram 
Malthusian problem 
His model does not take account of the possibility a...
-
UCL ECON 100% PASSED
- Exam (elaborations) • 8 pages • 2024
-
- $11.99
- + learn more
economic rent 
A payment or other benefit received above and beyond what the individual would have received in his 
or her next best alternative (or reservation option) 
isocost line 
A line that represents all combinations that cost a given total amount 
cost of production equation 
c = (wL) + (pR) 
isocost line slope 
- (w/p) 
Diagram: Production Function-diminishing average product of labour 
Malthus argument as diagram 
Malthusian problem 
His model does not take account of the possibility a...
-
UCL ECON 100% PASSED
- Package deal • 34 items • 2024
-
- $66.13
- + learn more
UCL ECON London, UK QUESTIONS WITH CERTIFIED ANSWERS 100% PASSED
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