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.
Question Suppose you work for the state government of California. Due to the heavy traffic jam on I-880, the state has decided to decide to construct a new highway. To fund a p
What does the IS-LM framework mean? The IS-LM model helps us to understand the two opposing theories. The IS (investment/saving) curve shows equilibrium in product markets. Th
Problem: a) What factors would you consider when analysing the digital economy relative to e business? b) "The growing use of the internet by consumers and businesses has re
describe who gets hurt in a recession, and how.
Question 1 Discuss the short-run cost-output relations Question 2 Write a short note on pure competition Question 3 Describe excess profit criterion Question 4 Disc
1. What is a resource market? 2. Describe resource demand and resource supply. 3. Define derived demand. 4. Describe the resource market demand and supply curve. 5. Define a te
Illustrate and discuss the impliction of various market structures(competitive and non-competitive)
please can you explainn what "down 0.1 percentage point on the quarter means"?
Q. What is Exchange Rate? Exchange Rate: The ‘price' at which currency of one country can be converted into the currency of another country. A country's currency is ‘strong,'or
Q. What do you meant by Progressive Tax? Progressive Tax:Tax is considered progressive if a larger proportionate share of its total burden falls on individual'swith higher avera
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