Explore the concepts of business economics including production frontier curve, impact of economic variables, and labour market equilibrium. Learn how changes in policies, minimum wage, R&D expenditure, retirement age, and government support affect the production frontier curve. Understand the impacts of concerted reduction in oil production, government support to agriculture, subsidies to car manufacturing, carbon tax, and loan programs to university students. Analyze the effects of recession on durable goods and house rentals. Discover the equilibrium in the labour market and the impact of government subsidies on employment. Study the cost schedule and graph in the short run. Recommended for students of business and economics.
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