HUMAN DEVELOPEMT INDEX

Human Developemt Index

Human Developemt Index

Economics

1 a

Q

=

190

TC

=

Q

2

P

=

5

Output of each firm

=

190

n

TC of all the firms

=

190

X

2

TC of all the firms

=

380

n

=

380

5

n

=

76

Output of Each firm

=

190

76

Output of Each firm

=

2.5

1 b

The assumption of monopoly that is MR = MC; therefore;

Data:

MC = 10

Solution:

MR

=

100

-

2

Q

as

MR

=

MC

then,

MC

=

10

MR

=

10

Therefore

,

10

=

100

-

2

Q

2Q

=

90

Q

=

90

2

Q

=

45

P

=

100

-

Q

P

=

100

-

45

P

=

55

2 a

Measures of HDI

The Human Development Index (HDI) is a comparative measure of literacy, life expectancy, education and standards of living for countries worldwide. To measure human development indices are constructed corresponding to the idea that underdevelopment is a lack of basic capabilities rather than a lack of income. The introduction of the capabilities approach to replace the ...