Discuss the replacement-cost method

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Reference no: EM131582013

Question: Think back on at least one household activity in which you have engaged in the past couple of days that in principle would be replaceable by market or third-person services. How would that activity be valued by the replacement-cost method? By the opportunity-cost method? What sorts of manufactured capital goods were important, along with your labor, in the activity?

Reference no: EM131582013

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