Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Significance of Wastage in Supply and Demand Calculus
Wastage refers to the phenomena of under or non-utilisation of a product by the stakeholders for whom it was produced. Such under/non-utilisation eventually results in the appreciation/increase of the unit cost of production. The resources employed for production get wasted. A few illustrations in this context would be useful for clarifying this understanding. A school is set up with a capacity to enroll, let us say 250 children in I to VIII standards. All facilities are established for this purpose. There are 250 children of school-age, 6 to 14 years. If there is no full enrolment of children, to that extent there is wastage. If after enrolment, children leave school mid-way before completing the specified number of years of stay/study, again there is wastage. Hence, non-enrolment and drop-out of children constitutes wastage in education (school-education in this illustration).
Nearly 50 per cent of total enrolment in general/higher education in India is in B.A. degree courses. There are both private and public expenditures on accessing this degree. However, a large number of persons with B.A. qualifications remain unemployed or engage in jobs for which senior secondary qualification is sufficient. To this extent, the expenditure, whether private or public or both, on acquiring a B.A. degree is a wastage. Proper and meaningful manpower planning and supply of educational facilities to produce this manpower would minimise the wastage to a large extent. Manpower planning in a market economy where there is scope for large scale privatisation is a challenging exercise.
Structure of benzene
different types of production funtion and curve given by different economist
graphical illustrations describing the influence of an increase in immigrants on the market supply of labour
given the cost function as C=0.3Q3-2Q2+13Q+25,find the supply function
I want to know all about equilibruim consumer equilibruim firms equilibruim nd market equilibruim technically also??
Monopsony: Demonstrate (with a graph) how a minimum wage can increase both the wage and employment in a monopsony market even when the government sets th
What are the economic implications of income inequality? How can economic theory be helpful to analyze the causes and impact of income inequality? What are the concerns and how can
Market supply and Increase in supply: Market supply is the total quantity of a product that all firms in an industry are willing to offer for sale at a given market price an
find equilibrium level of income
Illustrate and discuss the impliction of various market structures(competitive and non-competitive)
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd