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a. If Indian economy would like to measure its price change at output level, what measure would it like to undertake?
b. When will Indian economy witness structural inflation?
Pigouvian taxes and subsidies are often cited as a simple way to solve the incentive problems caused by externalities.
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Assume you are an economist charged with advising Santa Claus and Santa, concerned about consumer satisfaction, tells you that he wants
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Calculate the average cycle stock for this item using the order quantity in part a.Assuming there are 12 periods per year, calculate total cost per year.
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