Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Cost-based Methods - Indirect Opportunity Cost
This method is used when individual labour is involved in harvesting or collecting the natural resource. A basic assumption is that capital requirement for such a job is minimal. For example, for gathering &el wood in forests individuals need to spend time and do not need much capital. The opportunity cost of such time spent could be considered as the value of the environmental resource under consideration.
The pitfall of this method is that the value of environment obtained bears no relationship with its cost of production. The value of fuel wood, if taken to be its gathering cost only, then it assumes that cost of production of fuel wood is zero. Secondly, in many cases fuel wood gathering is a subsidiary activity; farmers on their way back home may collect some fuel wood. In such cases it involves joint production (farm output and fuel wood) and separating labour cost of fuel wood is arbitrary.
Normal 0 false false false EN-IN X-NONE X-NONE MicrosoftInternetExplorer4
Q. Describe ex-ante heterogeneity? First conflict reflects heterogeneity among agents due to different policy preferences. Individuals or agents are heterogeneous in a number o
why-this-behavior-consistent-with-size-maximizing-government
Alice and Bob survive on hamburgers and salads. Aliceís utility function is UA = hA(sA 1) where hA and sA are her consumption of hamburgers and salads respectively. Bobís utility
U=4X+G where X is private spending and G is public spending. what is the marginal rate of substitution between public and private
Question: Describe the main measures of size and/or cutoff point below which economies are classed as small? In 1982 the Development Committee of the World Bank and the Int
QUESTION 1: Assuming that you are a consultant on the ‘Light Rail' project and you are asked to forecast demand for this mode of transport. What are the forecasting techniq
multi unit finance
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd