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Example: The Value of Clean Air
Air is free in sense that we do not pay to breathe it.
Question: Are benefits of cleaning up air worth the costs?
People pay extra to buy houses where the air is clean.
Measuring the Economic Value of Education A review of research works regarding the economic value of education shows that it developed in four different directions. They a
subsitution effect dominate tha income effect in which good case?
Risk Loving - A person is a risk loving if they show a preference toward the uncertain income over a certain income having same expected value. Examples: Gambling, some
Consider what would happen if a taxes of 10000$ was imposed on imported automobiles on dealers.Using a demand and supply diagram, show its impact of price and quantity. Suppose the
reaction of mechanism of nitrous acid with benzene diazonium chloride in presence of Cuperous oxide
Money: Broadly speaking, money is anything which can be used as a means of payment (for instance, to settle a debt). It includes bank deposits, actual currency, credit cards and li
why is choice inevitable in the understanding of economics science?
why we study micro econmics?
if the inverse demand curve is p=120-Qand the marginal cost is constant at 10, how does charging the monopoly a specific tax of 10 per unit affect the monopoly optimum and the welf
Separate Administrative Set-up for Exports: It may be worth examining the setting up of Foreign Trade Board, similar to what obtains in Japan (JETRO) and South Korea (KETRO)
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