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!
Rule of Thumb Method
Sir Ashby had been requested in 1960 by the Government of Nigeria to submit a report on manpower development in Nigeria. In doing so, in the absence of reliable micro level data, Ashby assumed that high level manpower should grow twice as fast as the target of economic growth. Likewise, second level manpower should grow three times as fast as the target of economic growth. This ratio was suggested on the basis of the experience that high level manpower categories like engineers, doctors and other professionals will always be skewed at the top as compared to their important junior level functionaries like technicians, para-medical and other supporting staff at lower levels.
However, the relation of the production of manpower to targeted economic growth did not take shape in expected ways. This was because the assumptions made were not based on hard data. Hence it came to be known as the ‘Rule of Thumb’ method.
Consumer Behavior: The government considers different calculations to help senior citizens with their increasing heating bills. One proposal on the table is to pay 20% of senio
discuss whether marginal utility is a realistic piece of economic analysis in explaining consumer demand
Hi, I am taking an economics course. I have a problem where I am given 2 types of units with the same production rate and the labor used to produce those units. I am supposed to c
What is the theory of Second Best? Prove the theorem with the help of a diagram.
price quantity 10 60 20 70 30 90 40 110 50 130 derived a supply function for the relation between price and quantity
Question 1: i) Derive and explain Harberger's (1954) welfare loss estimates of monopolizing a perfectly competitive firm. ii) What are the roles of advertising? Can it lead
show that the necessary and sufficient conditions for consumer equilibrium under both cardinal and ordinal utility theories are identical .
a. Determine Australia’s market equilibrium for TV sets. i. (1) What are the equilibrium price and quantity?
Economists view depreciation as capital consumption for them, there are two distinct ways of charging for depreciation (1) the depreciation of equipment must equal its opportunity
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: +91-977-207-8620
Phone: +91-977-207-8620
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd