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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. For illustration, the discharge of a CSO (combined sewer overflow) will be a negative externality to informal recreational users of a river corridor, to the extent that it will tends to an aesthetic degradation of the river, for which they will not receive any financial compensation. You may also have positive externalities, for example, an industry which uses a better waste treatment process will improve the river quality.
How does the indifference curve and budget line for a neutral good look like?
Is Indian companies running a risk by not giving attention to cost cutting
Q=10-2P,PRICE DECREASE FROM RS 3 TO 2
Ask quesThe market demand for brand X has been estimated as Qx = 1,500 - 3Px - 0.05I - 2.5Py + 7.5Pz where Px is the price of brand X, I is per-capita income, Py is the price of
explain the main criteria for classifying firms into industries.which criteria serve the better and why?
1) What are the most important challenges that economists try to address? (2) What is the role of government in a market based economy? (3) Who are the main economic players
what is the theory of second best?prove the theorm with the help of diagram?
explain how microeconomic and macroeconomic issues may be represented using the production possibility curve
Explain the detail central problem of an economy?
What is main difference between nominal money supply and real money supply? Real money supply is the supply of real money in the economy. Real money is supplied considering th
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