(i) \[xy>\frac{Px}{Py}\] |
(ii)\[xy=\frac{Px}{Py}\] |
(iii)\[xy<\frac{Px}{Py}\] |
(i) Can Marginal Revenue (MR) be negative? Explain your answer with the help of example. |
(ii) Total Revenue (TR) of a firm, dealing in a particular commodity, initially was Rs.15,000. It reduces to Rs.13,500. Also, AR increases from Rs. 150 to Rs. 270. Find the change in market demand for that commodity. |
State whether the following statements are true or false. Give reasons for your answer. |
(i) When Marginal Revenue (MR) is constant and not equal to zero, then Total Revenue (TR) will also be constant, |
(ii) As soon as Marginal Cost (MC) starts rising, Average Variable Cost (AVC) also starts rising. |
(iii) Total Product (TP) always increases whether there is increasing returns or diminishing returns to a factor. |
(i) Investment expenditure at equilibrium level of income |
(ii) Autonomous consumption |
(i) Income method |
(ii) Expenditure method |
S, No | Items | (Rs.) In crores |
(i) | Factor Income from Abroad | 100 |
(ii) | Wages of Employees | 1,500 |
(iii) | Net Domestic Capital Formation | 500 |
(iv) | Private Final Consumption Expenditure | 2,200 |
(v) | Factor Income to Abroad | 150 |
(vi) | Change in Stock | 150 |
(vii) | Consumption of Fixed Capital | 150 |
(viii) | Interest | 400 |
(ix) | Exports | 200 |
(x) | Imports | 250 |
(xi) | Indirect Taxes | 300 |
(xii) | Rent | 400 |
(xiii) | Subsidies | 100 |
(xiv) | Government Final Consumption Expenditure | 850 |
(xv) | Profit | 1,000 |
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