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variable input
naayos na input
Senast uppdaterad: 2019-01-17
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the agricultural household in their model has a fixed land resource and only consumes one variable input, labor. the family is also considered to be a price taker, obtaining a fixed price for its production and purchasing or selling labor at a fixed wage. the model's recursive nature is an essential aspect. this means that a household's production decisions are unrelated to its consumption and labor supply decisions.
waray
Senast uppdaterad: 2021-10-07
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