Question
TOPS is a flagship program of the Ministry of Youth
Affairs and Sports which is an attempt to provide assistance to India’s top athletes. What is the acronym of ‘P’?Solution
TOPS - Target Olympic Podium Scheme TOPS (Target Olympic Podium Scheme) is a flagship program of the Ministry of Youth Affairs and Sports which is an attempt to provide assistance to India’s top athletes. The Scheme looks to add a premium to the preparations of these athletes so that they can win medals in the Olympics.
A monopoly firm has the following demand and cost function
Q = 50-P
Total Cost = 20 + 2Q + 3Q2
Government imposes an exc...
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