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MANUFACTURE OF RUBBER
PRODUCTS (251)
DEPT--GLOBAL
Shubham Mohan Bajpai (11)
Subham Kumar Das (12)
Vivek Chandra Singh (13)
Vivek Singh (14)
Gaurav Gandhi (15)
INTRODUCTION
Rubber is product that is known for its
elastic property. Rubber is an
established industry in India. Rubber is
a frequently used material today. It is
known for its elastic properties. Rubber
can be of two types; natural and
synthetic. Rubber is naturally produced
by rubber plants that can be obtained
and it can also be produced
synthetically. Rubber industry in India
was introduced by the British for
commercial cultivation but the Govt. of
India has improved the scope of rubber
production considerably. Today rubber
and rubber related products are
established industries in India.
PRESENT STATUS IN INDIA
Q = A Kalpha Lbeta
Log Q = Log A + Alpha Log K + Beta Log L
T1 T2
Log Q = 2.014 + 0.853K + (-0.065L)
10.95 (-0.14)
Alpha + Beta = 0.853 + (-0.067) = 0.79 < 1
So, It’s a “Decreasing Return To Scale”.
R Square = 0.9877
So, It shows that Production Function is very
“Efficient”.
T Value of Fixed Cost = 10.9472
So, It shows that the accuracy level is >99%,
which conclude that it’s “Highly Significant”.