When the price of a good rises from Rs 20 per unit to Rs 30 per unit, the revenue of the firm producing this good rises from Rs 100 to Rs 300. Calculate the price elasticity of supply.
Complete the following table:
|Units of Labour||Average Product (Units)||Marginal Product (Units)|
Production in an economy is below its potential due to unemployment. Government starts employment generation schemes. Explain its effect using production possibilities curve.
The price elasticity of demand for a good is - 0.4. If its price increases by 5 percent, by what percentage will its demand fall? Calculate.
When equilibrium price of a good is less than its market price, there will be competition among the sellers.
State the behaviour of marginal product in the law of variable proportions. Explain the causes of this behaviour
Explain the problem of double coincidence of wants faced under barter system. How has money solved it?
Distinguish between revenue expenditure and capital expenditure in Government budget. Give an example of each.
Calculate 'sales' from the following data:-
|S. No.||Particulars||(Rs in laths)|
|(i)||Net value added at factor cost||560|
|(iii)||Change in stock||(-)30|
Giving reasons categories the following into stock and flow:-
(iii) Gross domestic product
C = 100 + 0.4 Y is the Consumption Function of an economy where C is Consumption Expenditure and Y is National Income. Investment expenditure is 1.100. Calculate
(i) Equilibrium level of National Income.
(ii) Consumption expenditure at equilibrium level of national income.
Complete the following table:-
|Income (Rs)||Consumption expenditure (Rs)||Marginal propensity to save||Average propensity to save|
Calculate National Income from the following data:
|(i)||Private final consumption expenditure||900|
|(iii)||Government final consumption expenditure||400|
|(iv)||Net indirect taxes||100|
|(v)||Gross domestic capital formation||250|
|(vi)||Change in stock||50|
|(vii)||Net factor income from abroad||(-)40|
|(viii)||Consumption of fixed capital||20|
Calculate net national disposable income from the following data:-
|S.No.||Particulars||Rs. in crores|
|(i)||Gross domestic product at market price||2000|
|(ii)||Net current transfers to rest of the world||(-)200|
|(iii)||Net indirect taxes||150|
|(iv)||Net factor income to abroad||60|
|(v)||National debt interest||70|
|(vi)||Consumption of fixed capital||200|
|(vii)||Current transfers from Government||150|