Consider a conversion factor for labour equal to 0.8. What is the interpretation of such conversion factor?
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Consider a conversion factor for labour equal to 0.8. What is the interpretation of such conversion factor? How can it be practically used in a Cost-Benefit Analysis?
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A conversion factor in this context represents the portion or percentage of the input used in the production process For instance if the conversion fa...View the full answer
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Mugdha Sisodiya
My self Mugdha Sisodiya from Chhattisgarh India. I have completed my Bachelors degree in 2015 and My Master in Commerce degree in 2016. I am having expertise in Management, Cost and Finance Accounts. Further I have completed my Chartered Accountant and working as a Professional.
Since 2012 I am providing home tutions.
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