Labour (units) | Total Product (TP) | Average Product (AP) | Marginal Product (MP) |
1 | 20 | - | - |
2 | - | - | 30 |
3 | - | - | 25 |
4 | 90 | - | - |
5 | - | 18 | - |
6 | - | - | -9 |
(i) Marginal revenue curve lies above the average revenue curve. |
(ii) Average fixed cost can fall to zero. |
(iii) Total physical product tends to increase in all stages of the law of variable proportions. |
(i) X has left his job and is currently looking for another job. |
(ii) F has lost his job due to disinvestment. |
State any three causes of deficient demand. |
or |
State any three consequences of excess supply. |
S. No. | Items | (Rs.) in lakhs |
(i) | Value of Output | 600 |
(ii) | Net Value Added at Factor Cost\[(NV{{A}_{FC}})\] | 240 |
(iii) | Sales Tax | 45 |
(iv) | Subsidy | 15 |
(v) | Depreciation | 60 |
S. No. | Items | (Rs.) in crores |
(i) | Sales | 1,750 |
(ii) | Purchase of Raw Material | 1,300 |
(iii) | Indirect Taxes | 175 |
(iv) | Consumption of Fixed Capital | 125 |
(v) | Closing Stock | 110 |
(vi) | Opening Stock | 115 |
(vii) | Subsidies | 10 |
(i) Purchase of a machinery for manufacturing goods. |
(ii) Teacher teaching his son at their home. |
(iii) Financial aid given to flood victims. |
(i) planned savings are greater than planned investment? |
(ii) planned savings are less than planned investment? |
(i) When Marginal Propensity to Consume (MPC) is zero, the value of investment multiplier will also be zero. |
(ii) Marginal Propensity to Consume (MPC) is the ratio between consumption and income. |
(iv)Value of Marginal Propensity to Save (MPS) will always be negative. |
You need to login to perform this action.
You will be redirected in
3 sec