Complete the following table: | ||
Units of Labour | Average Product (Units) | Marginal Product (Units) |
1 | 16 | ..... |
2 | 20 | ..... |
3 | ..... | 20 |
4 | 18 | ..... |
5 | ..... | 8 |
6 | 14 | ..... |
Calculate 'sales' from the following data: | |
(Rs in lakhs) | |
Intermediate costs | 700 |
Consumption of fixed capital | 80 |
Change in stock | (-) 50 |
Subsidy | 60 |
Net value added at factor cost | 1300 |
Exports | 50 |
C = 50 + 0.5Y is the consumption function where C is consumption expenditure and Y is National Income and investment expenditure is 2,000 in an economy. |
Calculate Equilibrium level of (National Income) Consumption expenditure of equilibrium level of national income. |
Complete the following table: | |||
Consumption expenditure (Rs) | Saving (Rs) | Income (Rs) | Marginal Propensity to consume |
100 | 50 | 150 | ..... |
175 | 75 | .... | ..... |
250 | 100 | .... | ..... |
325 | 125 | .... | ..... |
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