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MRP Technique- Sectoral Distribution of Targeted Increase in GDP
There are two ways of increasing the GDP:
(i) Project and accomplish the growth in various sectors through linear increases, and
(ii) Modernise or diversify the economy effecting structural changes therein.
In a given year, the contribution of each sector of the economy to the total GDP and the same as a proportion to the total is known. Keeping in view the proposed policy interventions the contribution and share of each sector can be determined.
A firm's production function is given by Q = √LK . The price of labour is w and the price of capital is r. a. The price of labour is $5 and the price of capital is $20. What is
Within analysis of perfect competition, we distinguish between the short run and the long run on the basis that use of some input factors is fixed in the short run, but variable in
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The following are AC and TC functions for various firms (i). AC = 140/Q + 20 (ii) AC - a/Q = k (iii) TC - 10 =2Q + 0.1Q 2 (iv) TC - k - βQ = cQ 2 Where a, k, β and
The efficiency loss of a tax is the tax revenue collected by government minus the value of the public goods financed through the tax. Why is this false?
Budget Constraints * The Budget Line - The budget line indicates all the combinations of 2 commodities for which total money spent equals the total income. * The Budget
How equilibrium is achieved under monopoly
how do I find the marginal value product?
The Bandwagon Effect - This is desire to be in style, to have a commodity because almost everyone else has it, or to indulge in it. - This is major objective of marketing an
Create a chart with a secondary vertical axis to plot related data series with different scales. Use the Combination Chart Fashion worksheet to create and format a combination c
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