Start Discovering Solved Questions and Course Assignments
TextBooks Included
Active Tutors
Asked Questions
Answered Questions
When in an economy intended investment is more than intended savings, then what is the consequence of it on the national income? Answer: When I > S, the level of national income gets bigger.
Does full employment take place if AD = AS or S = I?
If disposable income increases from Rs. 1,000 to Rs. 1,100, savings increase by Rs. 30. Determine the marginal propensity to save and marginal propensity to consume?
A perfectly competitive market contain 60 firms, each along with a total cost function of TC = 10y2 + 80 and a marginal cost function of MC = 20y. The market demand function is ymd = 600 - 7py. a. If
Determine the value of MPC whenever MPS is zero? Answer: Whenever MPS = 0, MPC = 1 – 0 = 1.
Why can be value of MPC be not more than one? Answer: The value of MPC will not be more than one since increment in consumption (ΔC) can’t be more than the equivalent increment in income
Name the institution that acts as a custodian of nation’s foreign exchange reserves? Answer: The Central Bank is an institution that acts as custodian of nation’s foreign exchange reserve
Describe why businessmen mostly wish to open current account in bank?
Which of the given is a bank? a) Post office saving banks (b) LIC (c) UTI (d) IDBI.
Describe whether the sale of old scooter is comprised in national income?
Illustrate whether output generated for self consumption is comprised or not comprised in the value of output? Answer: The output generated for self consumption is not comprised in the value of outp
What is the alternative name of value added technique of estimating national income? The alternative name of value added technique of estimating national income is production method.
The value of nominal GNP of an economy was Rs. 2,500 crores in a specific year. The value of GNP of that country throughout the same year, computed at the prices of some base year was Rs.3000 crores.
What must be added to NNPMP to obtain net national disposable income? Answer: The Net current transfers from abroad must be added to NNPMP to get national disposable income.
Let suppose NDPFC is Rs. 1,000 crores, and NFA is Rs. (--) 5crores, then what will be national income (NNPFC)? Answer: NNPFC = NDPFC+NFA = 1000 + (-5) = Rs. 995 crores.
Why the indifference curve is convex to origin?
Is Eiteman & Guthrie’s empirical evidence on the shape of the average total cost curve consistent along with heterodox cost theory? Discuss it out.
One of my friends can't discover the answer of this question. Give solution of this question. Neoclassical production and cost theory is more realistic than and cost theory and heterodox production. D
Describe why is the budget line slope downward?
State the slope of indifference Curve? Answer: Slope of indifference curve is equivalent to MRS, that is, Marginal Rate of Substitution.
From the heterodox approach, what options does the enterprise need to produce more output? What effect do these options put on its cost structure?
Effects of price ceiling: The consequences of price ceiling might be: A) Scarcity of the commodity B) The government might oblige rationing that is, supply of goods in limited quantity at ration sho
In heterodox economics, what implications does technical change and vintage technology contain for the cost structure of the business enterprise?
Price ceiling: Price ceiling refers to the highest price fixed by the government beneath the market determined price (that is, equilibrium price) so that requirements might be made accessible to the c
I have difficulty in this question. Provide me correct solution of this to submit my assignment. What is the relationship among long run and short run costs?