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In an updated GDP that contains household production, how would the purchase of a car or appliance for household use be treated?
A car or appliance would be treated as a household investment rather than a consumer durable, and could be have in the category of investment.
give a detailed discussion on the term economics of scale as applied to economics, highting examples,limitation,and original of economics of scale.
what is consumer''s choice involving risk.preference toward risk.
What is the theory of second best? Prove the theorem with the help of a diagram
#explain bains theory of limit pricing theory
Technical Economies: They are economies that accrue from the use of large machines with emphasis on full utilization and efficiency in production. First, there are some equip
Potentials of Productivity Growth: It needs to be noted that growth in productivity witnessed in the past are an average rate at the All-India level. There are considerable re
heckscher - ohlin theory of trade
Traditional inventory control based on the calculation of EOQ At this point, it is worth considering some of the problems faced by companies using the simple inventory model
How do you calculate marginal revenue, and monopolistic profit?
What is Modern Economics? Modern Economics: Modern economics mostly developed within last sixty years, methodically studies individuals’ economic behavior as well as econo
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