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Benefits of Education
There are two ways in which benefits are mainly classified:
1. Direct benefits
2. Indirect benefits
Both of these can accrue in the context of private as well as social benefits. Further, the benefits can either be in monetary or non monetary terms. The latter are in fact referred to as returns from education.
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Choosing Inputs How to minimize cost for the given level of output. We can do so by combining Isocosts with Isoquants Producing a
the short run can be defined as any period of time
Sita expects her future earnings to be worth Rs 100. If she falls ill, her expected future earning will be Rs 25, There is a belief that she may fall ill 2 with probability of -3
explain how scarcity impacts choice 2.expain the three steps process in economic analysis
Assume that milk operates in a perfectly competitive market, use a well labeled demand and supply model to explain how market equilibrium price of milk is being determined.
The demand for every productive resources is a derived demand. By derived demand it is meant that it is the output of the resource and not the resource itself for which is a deman
how do i use the grid technique to determine the least cost
Assume that John has the following preference relation over two goods, bread and bear (x1, x2). He strictly prefers any bundle x over y whenever x haves more bear than y, whatever
indiffference curve
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