Question: It is frequently pointed out that each method of valuing nonmarket production is far from perfect. Explain what the main advantages and deficiencies of each

It is frequently pointed out that each method of valuing nonmarket production is far from perfect. Explain what the main advantages and deficiencies of each method are.

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There are two main ways in which the value of nonmarket work may be calculated The first the opportunity cost approach sets the value of the time enga... View full answer

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