Random Fact

China's real GDP rose by 6.5% in 2013. It rose by 7.8% in 2012 (Wall Street Journal).

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
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