This the question from Macroeconomics, NCERT solutions for class 12. Here I have certain doubts about the concept of this question. The tem could refer something else. Do you know any other way to explain this question easy?
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This the question from Macroeconomics, NCERT solutions for class 12. Here I have certain doubts about the concept of this question. The tem could refer something else. Do you know any other way to explain this question easy?
It is the total output at a particular level of an input. When employment of all other inputs is unchanged.