Production and cost — Economics STD 12 Humanities & Commerce — Question

Compensation to flood victims is a good social security measure by the government. But why is it not included in the estimation of national income?

Giving reason state whether are included or excluded in/ from domestic territory.
Reliance Industries rented its building to Microsoft in America.

The coefficient of PES is 3. A seller supplies 30 units of this commodity at a price of ₹ 10 per unit. How much quantity of it will he supply when its price rises by 12%.

Explain the cause of limited number of firms in an oligopoly market.

Calculate TFC, TVC, AFC, AVC, ATC and MC on the basis of the following information:

Output (units)	0	1	2	3	4	5
TC (₹)	60	80	90	108	128	170

If the Real GDP is Rs. 300 and Nominal GDP is Rs. 330, calculate Price Index (base = 100).

Complete the following table:

Income	Marginal Propensity to Cosume	Saving	Average Propensity to Save
0		- 90
100	0.6	-	-
200	0.6	-	-
300	0.6	-	-

Calculate Price Elasticity of Demand by percentage method.

Price per unit (₹)	Quantity demanded (units)
0	10
1	5

A firm supplies a certain quantity of a good at a price of 10 per unit. When price changes to 9 per unit, the firm supplies 10 units less. Price Elasticity of Supply is 1. What is the quantity supplied before price change?

What is elasticity of demand?