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Q. Can you explain Cost benefit analysis?
A term used to explain analysis, which seeks to quantify in money terms as many of the costs and benefits of a policy or project as possible, including those for which the market does not give a measure of economic value. The expression is sometimes confined to these monetary costs and benefits alone and sometimes used to describe an analysis of all the welfare costs and benefits.
Why were there not any sustained increases in material productivity of human labor back before 1500? Since improved technology quickly ran aground on resource scarcity. As huma
V alue Chain It is the collection of activities within an organization that allows it to compete within an organization. The activities in a value chain can be grouped into
what is externalities and market inefficiency
would a rational producer be concerned with the average or marginal product of an input in deciding whether or not to hire the inputs?
Describing Risk * To measure risk we should know: 1) All the outcomes which are possible. 2) The probability that each outcome will occur. * Interpreting Probability
Who are the competitors in the jarred baby food market? What market share do they have? How do Heinz and Beech-Nut compete with one another? Are the barriers to entry high or low f
Market demand and supply of a good is shown by QB = 2,160 - 180P and QS = -2400 + 300P where QD, QS and P stand for quantity demanded, quantity supplied and price respectively. (a
discuss the implications of various market structures(competitive and non-competitive) for price determination
what is comparative advantage
What is economics about? Economics: Economics is a social science which studies individuals’ economic behavior, economic phenomenon, ands also how individual agents, as like
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