For the following questions answer them individually
A ceramic pottery unit hires 8 craftsmen by paying each of them Rs 900 per day. The 9th craftsman demands Rs 950 per day. If this craftsman is hired then all other craftsmen must be paid Rs 950. The marginal resource (labour) cost of the 9th craftsman is _________.
In a period when an economy is facing price rise, and along with that there is slowing down of economy activities, this is case of _________.
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