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Benefits of Education
There are two ways in which benefits are mainly classified:
1. Direct benefits
2. Indirect benefits
Both of these can accrue in the context of private as well as social benefits. Further, the benefits can either be in monetary or non monetary terms. The latter are in fact referred to as returns from education.
short run equilibrium of the industry
THEORY OF PRODUCTION: Production activities related to goods and services require inputs. Typically, the set of inputs includes labour, capital equipments and raw materials. T
Explain the effect of increased money supply on bond prices
Expected Utility: Theory Assume that a utility index exists which conforms to the five axioms. The expected utility for the two-outcome lottery L = (P, A, B) is given by,
Average Fixed Cost (AFC): AFC is the fixed cost per unit of output. AFC = TFC/y Since the TFC is constant throughout the short run, as y increases AFC will decline. Therefore
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1) Vitamin A Vitamin A has been chosen as the vitamin to be included in the supplement since it has a role in several functions some of which as follows: 1. Helps in proper vision.
Q. Explain Nominal GDP? Nominal GDP: Nominal gross domestic product measures total value of all the services and goods produced and traded for money in the formal economy, eval
Wage Differentials: Market structure alone does not account for all of the differences in wages and employment. Market wage differentials arise from various other sources, includin
#question. what is the underlying reason for the law of increasing opportunity cost?
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