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Discriminatory Fee Structure
This method discriminates between courses and the economic condition of the family to which the student belongs. The cost of providing the education for each course is linked to the ability of the family to pay based on their income level. Thus,under this approach, those from the lower socio-economic strata are levied less burden and upper income groups are made to pay the highest.
The method is pointed out to be a good way for mobilising higher resources to the institutions without affecting the equity considerations in educational provision. It thus helps to reduce the perverse effects of ‘public subsidy system’.
Why does a monopoly have no supply curve? A supply curve is a curve that shows the quantity supplied at dissimilar prices, as a monopoly sets the price and the quantity togeth
2) Proctor & Gamble (P&G)
Provide an economic explanation of what you have shown in your diagrams above. Discuss what happens to Iceland's (1) level of economic output, (2) employment, (3) real wage rate,
Law of mass action states that at a constant temperature rate of a chemical reaction is directly proportional to product of active masses of the reactants raised to the power equal
law of diminishing returns
In markets, the invisible hand allocates resources efficiently a. in all cases b. when there are positive externalities, but not when there are negative externalities c. when there
what is diversification
use a graphical illustration to briefly describe what the influence of an increase in immigrants would be on the market supply of labour
give assumption, rules/formulas and demonstrate that ramsey prices are the seconnd best pricing. explain clearly.
STETE THE THEORIES OF DETERMINATION OF RENT
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