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Energy Infrastructure:
Electricity is one of the main determinants of the quality of life. In India, the power sector has not kept pace with the growth in demand resulting in serious energy shortages. About 70 per cent of the rural households are yet to get electricity connections and power-based economic activities in the electrified villages are minimal. Out of the estimated 80,000 villages yet to be electrified, the Tenth Plan proposes to electrify 62,000 villages through grid supply. The balance 18,000 remote villages are proposed to be electrified by 2011-12 through the use of decentralised non-conventional sources of energy. Uneconomic tariffs charged from the priority sectors, lower slabs of domestic consumption, high transmission and distribution losses (T&D losses), which often disguise large-scale theft, and low billing and collection efficiency are the important problems affecting the performance of electricity sector in India. Among all these problems, T&D loss is the major one, which is directly related to the functioning of the sector.
Construct two graphs that exhibit equilibrium in the petrol market - assume that there are no taxes. Clearly label the equilibrium values. (a) Graph the AFC, AVC, ATC, and MC fu
Consider an international firm you are familiar with and what the firm needs to be concerned with when entering a foreign market. Specifically, in terms of the chapters you covered
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what do we mean when we say export are exogenous and import are endogeneos?
OPEC oil cartel becomes subject to this tension or conflict such that the cartel gives way to a more competitive oil market resulting in a dramatic decrease in the world oil price.
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