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Determinants of Private Demand - Waiting-Time for Employment
‘Waiting time’ for employment is another important factor. The waiting time varies from course to course. For instance, it is lowest for medical and para-medical courses while it is highest for Arts graduates. It is common practice to relate ‘employment’ i.e. number of persons employed, to the time period for getting ‘first employment’.
Thus, if the employment rate is 50 per cent for a course with a waiting period of ‘six months or less’, it means that out of the total numbers qualified and interested in taking up job, half of the total number could secure jobs within the first six months of qualifying the course. Evidently, with increased waiting period, the number of employed should go up.
Use of ppc in microeconomics
Risk Neutral - A person is a risk neutral if they show no preference between certain, and an uncertain income with the same expected value.
1).Explain a coordination failure. Using the Prisoner's Dilemma example above, discuss coordination failure. 2). What's a Market Failure? Please define the circumstances under w
(i) When the demand function is 2Q - 24 + 3P = 0, find the marginal revenue when Q=3. (ii) Given the demand function 0.1Q - 10 +0.2P + 0.02P2 =0, calculate the price elasticity of
Q1 How many types of software organization? Explain each organization style with a suitable example? Q2 What are the factors that influence the group? Q3 Write short notes
how does the prices system affect a country
clarify the opportunity cost theory
Think about the demand for the three popular game consoles: XBox, PS3, and Wii. What is the effect on the demand for XBox games and the quantity of XBox games demanded if, other th
INDIVIDUAL DEMAND * Price Changes - Using figures developed earlier, the impact of a change in price of food can be shown by using indifference curves. Effect of Price
You are the CFO for Carnival Corportaion and your boss, the CEO informs you that he wants to add three new cruise ships to the company''s inventory. Each ship will cost $500 millio
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