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Q. Explain about Contingent valuation?
Evaluation of willingness to pay for a specified environmental resource or a change in the resource, through use of structured questionnaire in which respondents answer yes/no to suggested prices (dichotomous selection or payment ladder) or give a willingness to pay number themselves (open ended).
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discuss whether marginal utility is a realistic piece of economic analysis in explaining consumer demand
Financial Economies: These are benefits obtained by large firms as a result of contracting credit from financial institutions at lower interest rates than smaller firms. The
Explain the roles of economics theory. Roles of Economic Theory An economic theory has three probable roles: a. This can be used to describe economic behavior and economi
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americana is a small country that produces and consumes jelly beans. The world price of jelly beans is $1 per bag, americana''s demand and supply for jelly beans are governed by th
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ELEMENTARY THEORY OF PRICE FORMATION: DEMAND-SUPPLY ANALYSIS: We discuss the elementary theory of price formation. Demand curve in the market is derived from the aggregate con
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