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Determination of Income and Employment — Economics STD 12 Humanities & Commerce — Question

Rajasthan BoardEnglish MediumSTD 12 Humanities & CommerceEconomicsDetermination of Income and Employment1 Mark
Question
APC is obtained by:

  1. $\text{Y}-\text{S}$

  2. $\frac{\text{C}}{\text{Y}}$

  3. $\frac{\Delta\text{C}}{\Delta\text{Y}}$

  4. $\frac{\text{Y}-\text{S}}{\Delta\text{Y}}$

✓

Answer

  1. $\frac{\text{C}}{\text{Y}}$

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  1. $\text{xy}=\frac{\text{P}\text{x}}{\text{P}_\text{y}}$

  2. $\text{xy}=-\frac{\Delta\text{y}}{\Delta\text{x}}$

  3. $\text{xy}=\frac{\text{P}_\text{y}}{\text{P}_\text{x}}$

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Per unit production of the variable factor is called:
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