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Transfer Payments
Are any payments made to households by the government that are not made in return for the services of factors of production i.e. there is no Quid pro Quo. Such payments do not lead directly to any increase in output and for this reason they are not included in the nation GNP.
plz help tomorrow is my paper n I need help to understand this topic
p=10, TC= 1000+2Q+.01Q^2, Q=?
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