Question
Complete the following table:
Output units
Total cost Rs.
Average variable cost Rs.
Marginal cost Rs.
Average fixed cost Rs.
0
30
 
 
 
1
---
---
20
---
2
68
---
---
---
3
84
18
---
---
4
---
---
18
---
5
125
19
---
6

Answer

Output units
Total cost Rs.
Average variable cost Rs.
Marginal cost Rs.
Average fixed costRs.
0
30
 
 
 
1
50
20
20
30
2
68
19
18
15
3
84
18
16
10
4
102
18
18
7.5
5
125
19
23
6

Need a full question paper?

Generate a complete, print-ready paper with questions like this in minutes — across 16+ boards, with answer keys.

Start Generating Free

Similar questions

In an economy, if initial investments are increased by ₹ 100 crores, discuss the working of investment multiplier presuming marginal propensity to consume is 0.8.
From the following schedule find out the level of output at which the producer is in equilibrium. Give reasons for your answer. (Use marginal revenue and marginal cost approach).
Output (Units) MR(₹) TC(₹)
1 8 6
2 6 11
3 4 15
4 2 18
5 0 23
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 1100. Calculate.
  1. Equilibrium level of National Income.
  2. Consumption expenditure at equilibrium level of national income.
Calculate GNP at FC from the following data by:
  1. Income method, and.
  2. Expenditure method.
S. No Particulars () In Crore
1. Wages and salaries. 800
2. Mixed income of self-employed. 160
3. Operating surplus. 600
4. Undistributed profit. 150
5. Gross capital formation. 330
6. Change in stocks. 25
7. Net capital formation. 300
8. Employers' contribution to social security schemes. 100
9. Net factor income from abroad. (-)20
10. Exports. 30
11. Imports. 60
12. Private final consumption expenditure. 1,000
13. Government final consumption expenditure. 450
14. Net indirect taxes. 60
15. Compensation of employees paid by the government. 75
While estimating national income, how will you treat the following? Give reasons for your answer.
  1. Imputed rent of self-occupied houses.
  2. Interest received on debentures.
  3. Financial help received by flood victims.
Market of a commodity is in equilibrium. Demand for the commodity ‘increases’. Explain the chain of effects of this change till the market again reaches equilibrium. Use diagram.
Calculate:
  1. National Income; an.
  2. Consumption of fixed capital.
S. No
Particulars
(₹) In Crose
1.
Private final consumption expenditure.
210
2.
Gross domestic product at market price (GDPMP).
320
3.
Wages and salaries.
170
4.
Employer's contribution to provident fund.
10
5.
Interest.
20
6.
Indirect taxes.
30
7.
Subsidies.
5
8.
Rent.
10
9.
Profit.
45
10
Royalty.
15
11.
Net factor income from abroad (NFIA).
3
Outline the steps required to be taken in deriving saving curve from the given consumption curve. Use diagram.
Explain the inverse relationship between price and quantity demanded of a commodity.

OR

Why is the demand curve of the commodity negatively sloped?

Explain with the help of diagrams, the effect of the following changes on the demand for a commodity:
  1. A fall in the price of substitute goods.
  2. A fall in the income of its buyer.