Random Fact

In 2015, Malaysia had a population of 30.5 million people, a labor force of 14.1 million people, and an unemployment rate of 2.9%. Its 2014 per capita GDP was $24,500, and real GDP growth rate was 5.9% (CIA World Fact Book).

Unit 4: Business Production Behavior

Introduction
Section 1: Factors of Production
Section 2: Production Functions and the Law of Diminishing Marginal Production
Section 3: The Relationship Between Production and Costs
Section 4: Factor Price Interferences
Section 5: Determination of Interest Rates and Present Value
Test Your Knowledge!