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What is main difference between capital intensive goods and primary products?
Primary product means the major product in which the firm is dealing. Capital intensive good means the production of good in which more capital in included than labor.
Draw a marginal utility cureve for a good that has a constant marginal utility
so this question asks for the deadweight loss if an institution decided to provide this service free of charge. I was wondering if this will achieve the socially efficent level or
Private benefit and social benefit: Bridge the gab between private cost and social cost, and private benefit and social benefit.Under perfect market, there may be a divergence
CONSUMER CHOICE INVOLVING RISK: The traditional theory of consumer behaviour does not include an analysis of uncertain situation. Von Neumann and Morgenstern showed that under
Illustrates the stages of the production of an economic conclusion? The production of an economic conclusion generally goes into three stages as follows: Stage 1: It is no
Volume of Trade: It relates to the size of international transactions. Since a large number of commodities enter in international transactions and their aggregate can be found
What are the factors that producers in the society may take into consideration when deciding on the what to produce,how to produce and for whom ?
Is indian companies running arisk by not giving attention to cost cutting
Problem 1: i) How might unemployment arise? ii) Critically explain how fiscal policy can be used to reduce the unemployment rate in an economy. iii) ‘'Inflation always
what are the values of real money supply and the current price level
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