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Quality Control:
Standards and standardisation, quality systems, certification and inspections, measurement systems, testing laboratories, their accreditation and calibration services, production and supply of standard reference materials, etc., are all important building blocks. Quality control through the agency of the Export Inspection Council leaves much to be desired. It is often alleged that EIA is actually playing a retrograde role, although inadvertently. This needs to be corrected. (i) The list of items subject to compulsory export inspection needs be reviewed and shortened. A trimmer EIA list is essential for a modicum of efficiency. (ii) EIA should use international agencies to train people and update the equipment available for those limited items. (iii) The quality development process need be professionalised by making use of proven quality development skills and managerial methods available around the world. Overall, pre-export inspection needs to be greatly simplified, both in the interests of speedier clearance and less harassment of the exporter as well as better administration.
Consider the following insurance market. There are two states of the world, B and G, and two types of consumers, H and L, who have probabilities pH =0.5 and pL =0.25 (high and low
Explain why goods provided by natural monopolies are often publicly owned. It would seem that most normal monopolies come with high MSB and also that society has deemed these g
if tc is 200 what will be marginal cost?
. Crumble Corporation produces cookies. Here is the relationship between the number of workers and output (in dozens of cookies) in a given day: Workers Output Marginal Product
Disposable Personal Income The amount of cash remaining after taxes are removed that an individual has the opportunity to spend.
Durability of the Commodity: With some commodities, we require one at a time and they are used for a very long time before they get spoilt. Examples of such goods are cars, tele
if the inverse demand curve is p=120-Q and the marginal cost constant at 10, how does the monopoly a specific tax of 10 per unif affect the monopoly optimum and welfare of consumer
Gross Domestic Product, Deflator: A price index that adjusts the overall value of GDP according to average increase in the prices of all output. GDP deflator equals the ratio of no
Two firms produce a pollutant called Q. The total costs of reducing emissions of Q are as follows for Firm 1 and Firm 2, respectively: TC1=10+100Q12 TC2=20 + 50Q22. This means tha
Visit to a village panchayat for agriculture based project
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