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Significance of Stagnation in Supply and Demand Calculus
Stagnation refers to failures of students in a grade/class or grade repetition. The objective of a course is to make children learn and the time for learning is estimated and set for the specified course. If children do not learn and fail, it is either bad planning or students’ inability or constraints to learn.
If most of the students learn and a few cannot learn it is bad management. Whether it is bad planning or bad management, the resources employed become wastage. Stagnation is thus another form of wastage. A systematic understanding of wastage and stagnation and measures to reduce them would boost the ‘efficiency’ of educational expenditures.
A monopolist faces the following demand function for its product: Q = 45 - 5P The fixed costs of the monopolist are $12 and the variable costs are $5 per unit. a) What are the
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