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State four assumptions of backyard production model.

      

State four assumptions of backyard production model.

  

Answers


Simon
• It assumes that there is equal productivity across two households, output per worker and output per land.
• In production, there is constant returns to scale.
• There is constant returns to scale in exchange.
• It assumes that trade is very expensive.

skilled writter answered the question on April 27, 2018 at 17:51


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