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A Course in Economic Forecasting: Rationale and Content |
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| Authors: | James E. Cox Jr. |
| Affiliation: | Trinity University |
| Abstract: | This note shows that the impact of an increase in product price on factor demand in the typical textbook depiction is overstated to the point of indicating that competitive firms demand factors even when marginal product is negative. |
| Keywords: | economics education economics major undergraduate economics |