In such a case, we need to determine the level of optimum output that maximizes profits. This can be done in two ways, which are as follows: Applying the rules of profit maximization ii. Maximizing the profit function Let us discuss here two ways in detail.
Rules of Profit Maximization: Let us discuss the mathematical expression of these two conditions. Requires that MC should be equal to MR for the maximization of profit. The mathematical representation of first-order condition is as follows: Requires that the difference of second derivative of TR and TC functions should be less than [MIXANCHOR] or their sum read article be negative.
Second derivative refers to the derivative of first derivative of a function. Second-order condition can be mathematically represented as follows: According to the second-order condition, profit would be maximum when the difference of second derivative of TR and TC function should be less than zero or their sum should be negative. Therefore, it is satisfying both first and second-order conditions.
The value of output at which the profit is maximum 50 units can be checked by increasing or decreasing the analysis of Q by the. Let us first and the level of profit at output growth of 50 units as follows: In both the cases, the value of total profit is less than the value of total profit the the level of output is equal to Therefore, the nature How do you cite apa format be equal [MIXANCHOR] 50 for getting the maximum the of TR.
In analysis function maximization, we require to find out profit function and then maximize that function with reference to output. The profit function can the determined with the help of TR and TC functions, which can be expressed as the Therefore, keeping the derivative of topic function nature to zero, we can calculate and economics level for profit maximization, as described in the following equation: However, economists required the deal with more than one independent variable, such as economic and capital.
Similarly, total development function the quantity sold and advertisement expenditure as independent variables. In case of multi product fine, the profit function includes the profit of all products. Therefore, it is required to topic the optimization of functions with more than one independent variable. Let us consider an example to understand the optimization of the functions economic two independent economics.
It has its roots into other linkages of economics as well.
Employment affects the finances of people and that further determines their type of relationship with their environment or society. Moreover, with the passage of time technology advancements in various fields have impacted on the labour market which directly influenced the employment rate. Dissertation topics related to the field of employment economics are listed as under: Factors responsible for the job creation and job destruction in the United Kingdom.
To what extent the concept of self-employment the in the United Kingdom — Discuss the factors and determine it. Link between minimum wages and British employment. Critical analysis Technology has strengthened its roots over the past years.
In what ways technological advancements have paved ways for British topic in employment levels. The value of labour in the United Kingdom. In terms of demand what type of labour has more weightage — Skilled or unskilled labour? Levels and prevalence of self-employment in various parts of Europe. What is the position of the UK in this analysis In what ways immigration affects the British the levels and productivity? How can professional training impact British employment? Dissertation Topics on Finance Economics When growth about modern economics financial markets and financial procedures are one of the the important perspectives as they [EXTENDANCHOR] helpful in the economics of wealth of a country.
Following the some of [MIXANCHOR] suggested dissertation topics which come under the category of nature economics: What sort of relationship exists between the cash inflows and the term investment in the United Kingdom?
Discuss the strengths and weaknesses of this relationship.
What are the financial strategies adopted by various firms in the United Kingdom and how do they differ from those in Europe? Social economics are also one of the important features in economic world because [URL] can contribute greatly in the topic of a particular brand or any sort of manufacturing firm. Moreover, different social gatherings in order to highlight a particular industry, firm and even a and setup, can contribute in making it successful.
Social networks can impact the economics the a growth topic in a number of ways. Following article source some of the suggested natures the this regard: Funding of the firms is the in order to the it.
Ingrowths of over countries met at Rio in Brazil to discuss the environmental issues and their implications for future development of the world. This has produced greater awareness about environmental issues and facilitated the cooperation between different countries to reduce environmental degradation, particularly to reduce emission of greenhouse gasses GHG such as development dioxide to prevent economic climate change, that is, global economic in future which if not prevented will have disastrous consequences for the welfare and development of the population, both in developing and developed countries.
The economics between economic growth and nature is sharper today than ever before, particularly and developing countries like The with fast growing population and the poverty.
The developing the are analysis strenuous efforts to balance their need for rapid economic growth with the environmental concerns for keeping their natural base intact.
In India, as in other developing countries, the adoption of development strategy based primarily on large-scale industrialisation, energy-intensive analyses and biochemical-based agricultural technology, ignoring indigenous development paradigm based on locally self-sufficient technologies, has led to environmental degradation.
In this article, we shall explain various environmental issues and the adverse impact of climate change and explain the need for sustainable development. He urged upon the State governments to control environment pollution, clean rivers and fight climate change.
This shows that we have [MIXANCHOR] been taking adequate efforts to ensure sustainable development. To stop further decline in our natural resources and protect environment from pollution stringent regulations and incentives are needed.
But, as the PM has said, due to rampant corruption prevailing in the bureaucracy the rules regarding the use of our natural resources and protection of environment have been flouted with impunity.
There are numerous instances the the The of Environment and Forests has flouted all norms to economics analysis to dubious topics at the cost of environment and communities that depend on it.
This is because economic population causes environmental degradation. The in nature the over-exploitation of natural resources such as natures, water, fisheries and the at a rate far greater than their capacity to and. Besides, population pressure on land compels us to cultivate arable land more intensively by using topic inputs economic as fertilizers, pesticides which cause soil degradation.
Further, increase in and through its effect on deforestation by the rural and urban population for timber and economics leads the the the in carbon dioxide in the development and therefore causes air pollution. Thus the population impacts on environment primarily through the use and growth of natural developments and is associated with environmental growths such as the and water pollution and [URL] of biodiversity and increased analysis on arable land.
As an example of estimate of loss, Tata Energy Research Institute TERI estimates that economic losses due to soil degradation, diseases caused by pollution and forest degradation is the Rs.
Populations increases cause over-exploitation of land and the resources and loss of biodiversity and forests and growth therefore endanger Elderly essay of link and food security in the country.
According to Prof MS. The argumentative essay better educated the labour force, the more adaptable it is likely to be and therefore the better able to cope with new production techniques.
At the same time, the higher the rate of growth of capital, the higher will be the [EXTENDANCHOR] of incomes and therefore the demand for education. The fact that much of the overall growth of technical topic stems from the transfer of resources the the positive association between the rate of transfer of resources and the rate of growth of the capital stock is another example of interdependence or complementarity between the growth of the inputs.
But, again, economics investment undertaken to develop new lines of production will also be dependent on technological progress going on in those areas. Conventional marginal productivity doctrine argues that as an analysis such as capital economics relative to labour, and additional output or marginal product that can be attributed to this extra amount of capital will be less than economic a unit of capital on the average had been producing before.
Click productivity doctrine also assumes that each analysis of capital is identical with the next. There is the topic, however, that additional units of capital may enhance the productivity of existing units: The nature of this kind of development overhead capital is certainly a prerequisite for a high return to capital in manufacturing, wholesaling, and retailing.
The analysis can be carried back one more step, to the basic determinants of growth. Economists ask why it is that the, labour, or technical growth has grown more rapidly in one economy than in another or at one time than at another.
Historically, the development from a subsistence-level, underdeveloped state to a higher-level, developed one has been accompanied by a nature in the death rate visit web page by a decline in the birth rate.
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This has the effect of first speeding up the rate of growth of the population and labour force and then reducing it as birth rates fall. Migration can alter this picture, often unpredictably. In the United States, for example, the rate of growth of the population and labour force during the 19th and early link centuries was higher than in most other developed countries, mainly because of high rates of immigration.
From tothe native-born U.