what is profit maximizing output
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what is profit maximizing output

If you've got already entered the men there's still enough time to improve your earning potential by seeking higher education. faculties and universities today will provide more choices for college kids desperate to get back to college than in the past. in reality there exists a tendency to are seeing an ever-increasing selection of faculty students that are classified as non-traditional students. we tend to are seeing several more adults returning for that education they did not obtain the primary time around, that's nice news. It conjointly implies that additional and many choices have grown to be on the market within the dead of night and so on the weekends for all those adults. The capitalist mode of production first developed from industry and gained dominance, then gradually expanded to agriculture. Because there are two kinds of monopoly in the agriculture, the monopoly capitalism and operation of land and land ownership of monopoly, so it does not have such as like the sort of free competition in the industry, thus hindering the average profit margin. Therefore, the excess profit in agriculture is converted into rent. First, the individual production price of land products is lower than the social production price. The second is absolute rent from the value of land products beyond the price of social production. Both rent entity, agricultural employment is part of the surplus value created by laborer, it embodies the land owners through agricultural capitalist production relations of common exploitation agricultural workers. On the surface, however, the rent is distorted as the value of the land itself, or the gift of nature, thus disguising the real class relationship completely. The bank maintained its main interest rate by 0.0 percentage point and raised its 2017 GDP growth forecast by 2 percentage points to 2.4 percentage points.