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example of marginal opportunity cost
Construct a table indicating the social expected loss corresponding to each combination of precaution choices by the two individuals. (ii) What is the socially efficient combinatio
1. Explain what are price ceilings and price floors and how they effect the market for a good or service. Also show through graphs, if they cause any inefficiencies in a perfectly
• If Mary uses all her resources to produce hats, she can produce 48 hats an hour. • If she uses all her resources to produce apple pies, she can make 24 apple pies an hour. how
Q. Explain about Contingent valuation? Evaluation of willingness to pay for a specified environmental resource or a change in the resource, through use of structured questionna
explain why policies for promoting market competition are desireable
Population census: A population census is the head count of people living in a geographical area or in a country. A population census collects comprehensive data on people to
Discuss the concept of dynamic multiplier
If a 10% increase in the price of computers leads to a 20% reduction in the quantity demanded, what is the coefficient of demand elasticity? 2. A local government wants to increase
suppose ismail were to eat five pizzas per week.what is the total value ismail would place on his five weekly pizzas?
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