RECOMMENDED!!What is the relationship between average and marginal productivity

  

What is the relationship between average and marginal
productivity ?
b) How do changes in average and marginal productivity
affect the cost of production?
c) What are the impacts of innovation and technology on the
cost of production?
d) Can you utilize a real-world example to explain the law
of diminishing marginal productivity?

Why is the demand of labor a derived demand?
b) What problems arise in determining whether an equal
income distribution is fair or not? Can you give a real example you see or you
heard to illustrate the problem?

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