What is shadow pricing?
Answer:
By definition, it is the arbitrary assignment of dollar values to non-marketed goods. Used in a world where everything, even intangibles, must have a value for a thorough financial analysis (cost-benefit, market, etc.).
i don't even know wut that is srry i also knew wut that ment!
By definition, it is the arbitrary assignment of dollar values to non-marketed goods. Used in a world where everything, even intangibles, must have a value for a thorough financial analysis (cost-benefit, market, etc.).
in simple words pricing for the products which are not marketted due to many reasons and are priced depending on day to day dollars prices
It is a helping hand to the comodity/service you want to promote.
Shadow Pricing-
The arbitrary assignment of dollar values to non-marketed goods.
Notes-
When performing different types of cost-benefit analyses, certain costs or benefits are intangible and, in order for full analysis of the scenario, all these variables must be assigned values.
Example: when performing a cost-benefit analysis on a mining operation, the lost intangible value associated with the scenic views must be priced and factored in as a cost..
Use of linear programming techniques in situations in which a price cannot be charged or where the price does not reflect the effort made in producing the good.
In general this policy attempts to achieve an optimum allocation of resources in the absence of an effective price system.
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