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Output inputs - PowerPoint PPT Presentation

Labor Demand and Supply

Labor Demand and Supply. Overview. In the previous few chapters we have focused on the output decision for firms. Now we want to focus on the input decision. How much of an input should the firm use? The input and the output decision are not independent decisions. output. inputs.

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525 views • 32 slides

Biological inspiration

Biological inspiration. Animals are able to react adaptively to changes in their external and internal environment, and they use their nervous system to perform these behaviours.

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284 views • 16 slides

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Output inputs - PowerPoint PPT Presentation

Labor Demand and Supply

Biological inspiration