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You should use a variety of other methods of capital cost estimation to check and refine your estimate to give a definitive capital cost for the plant. You will need to compare the accuracies of each method to arrive at your best guess of the plant cost.
Explain about the term Traditional Economy. Traditional economy: It is where decisions regarding what, how and for whom to produce are based onto tradition and custom. A
What are the disadvantages of a informal economy?
law of diminishing marginal utility assignment
compute the opportunity cost
What are the similarities among the developing economies? Common characteristics of LDCs (Less Developed Countries) include: • Low living standards (that is low real income
What are the implications of the sustainability in economic growth? Implications of the sustainability in economic growth: Moving in the direction of sustainable development
how managerial economics is applied in a firm?
What are the social economic factors and non economic factors in the development process? Development is a process including change into a number of social economic and non eco
How does culture influence the development process? Culture influences what is of value into a society and affects how individuals, communities and organisations react to modi
How do economists group countries at various stages of development? There are three major forms of classifications: • IMF: Developing and industrial, transitional economi
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