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Define Amagat law of partial volume, Amagat law of partial volume The total volume of a mixture of non reacting gases at constant temperature & pressure is equal to sum of indiv
Q. What do you mean by Externality? An externality exists when the actions of one individual affect the wellbeing of other individuals without any compensation taking place. F
marginal conditions of pareto efficeincy
Explain how foreign aid might help in the development process of a developing country. Definition/outline of various forms of aid, i.e. donor aid, tied aid, bilateral aid etc.
find equilibrium level of income
Short run production period and long run production period: The short run is a period of production during which some factors of production are fixed and some too are variable
GENERAL PRINCIPLE OF EXTRACTION OF METALS
What is indifference curve and its properties?
1. An investment in flood control infrastructure today will generate $1,000,000 in benefits 10 years from today. Using a 3% discount rate what is the present value of these benefi
value of marginal product
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