Output Average Fixed Cost Curve | Output(Units) | Price(Rs) | TotalCost(TC)(Rs) |
| 1 | 5 | 7 |
| 2 | 5 | 12 |
| 3 | 5 | 16 |
| 4 | 5 | 18 |
| 5 | 5 | 23 |
| (i) What is the significance of P=10? |
| (ii) At what price will the market be in equilibrium? State the reason. |
| (iii) Calculate the equilibrium quantity. |
| (iv) How many firms are required in the market? |
| S. No | Contents | Rs.(in lakhs) |
| (i) | Sales | 500 |
| (ii) | Subsidies | 30 |
| (iii) | Purchase of Machine Intalled in the Factory | 400 |
| (iv) | Purchase of Raw Materials | 250 |
| (v) | Change in Stock | (-) 20 |
| (vi) | Consumption of Fixed Capital | 40 |
| How will you treat the following while estimating domestic product of India? |
| (i) Rent received by a resident Indian from his property in Singapore. |
| (ii) Salaries to Indians working in Japanese Embassy in India. |
| (iii)Profits earned by a branch of an American Bank in India. |
| (iv) Salaries paid to Koreans working in Indian Embassy in Korea. |
Income/Output Diagram Showing Deficient Demand (AD<As) | (i) Current account of balance of payments account records only export and import of goods and services. |
| (ii) Foreign investments are recorded in the capital account of balance of payments. |
| (iii) Improvement in exchange rate of the country's currency always beneficial for Balance of Payment (BoP). |
| (iv) Rise in foreign exchange rate cause a rise in its supply. |
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