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Q. What do you mean by Costs?
Costs Section 56 of the Environment Act describes costs as including ‘costs to any person and costs to the environment'. The costs of a project are the opportunity costs - the full value of any resource in its best alternative use. This can be estimated by the financial expenses incurred by an operator or proponent in meeting the requirements placed upon them by the authorising body, or any expenses incurred by the Agency in undertaking its actions. Similarly, the cost of a policy or programme can be measured by those it will affect. Costs also add any environmental, human health or other social impacts, which are detrimental in nature. Costs include any capital and recurrent expenditure, administrative costs, enforcement costs and monitoring, and research and development costs.
Perfect Competition It's a market where conditions prevail like that buyers and suppliers are without the ability to manipulate price in any significant way such that the marke
The following hypotheses are concerned with the general impact of FDI from Costa Rica trading partners on exports from the technology sector: H1: There is a positive signifi
Discuss how the opportunity cost principle influence a supplier''s decision to supply labour
Income and Substitution Effects A fall in price of a good has the two effects: Substitution & Income -Substitution Effect Consumers will tend to buy more of the good
Problem : (a) Describe the law of demand and the factors affecting demand. (b) llustrate and Explain how demand of a commodity will change if there is a tax on that product
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Industrial Policy: Government policies which are aimed at fostering the domestic development of particular desirable or productive industries, in order to enhance productivity, cre
provide 3 examples of 1210 billionares in the world face scarcity
Price Level:Overall average level of nominal prices in the economy can be calculated, most often as a weighted average of the prices of individualservices and goods (with weighting
What are the properties of cost function? Properties of Cost Functions: Some similarities are here with consumer theory. Such similarities are actually exact while one compa
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