Random sampling, economics, Microeconomics

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Random sampling is a technique for sampling which we can select a group of subjects or a sample for study from a larger group or a population. Each entity individually is chosen entirely by chance & each member of the population has a known chance of being involved in the sample.

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Cost in the short run, Cost in the Short Run Marginal Cost (or MC) is t...

Cost in the Short Run Marginal Cost (or MC) is the cost of expanding output by one unit. As fixed costs have no impact on marginal cost, it can be given as: Average Total

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Determinants of Private Demand - Ability to Pay In a developing country like India, of all the factors determining investments in education, the most important factor is the ‘

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