Question
State three features of perfect competition.

Answer

SELF

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Similar questions

Following information pertains to the daily income of 150 families. Calculate the arithmetic mean.
Income (in )
Number of families
More than 75
150
More than 85
140
More than 95
115
More than 105
95
More than 115
70
More than 125
60
More than 135
40
More than 145
25
Construct Index of Industrial Production (IIP) from the following data:
Industry
Output
Weights
Base year
Current Year
Manufacturing
122
300
85
Electrical Product
203
400
5
Mining and Quarrying
65
87
10
Find out Paasche's Price Index from the following data:
Iteam
Base Year
Current Year
Price
Quantity
Price
Quantity
A
10
8
20
10
B
35
6
40
9
C
30
20
32
25
D
40
5
44
6
Given the market price of a good, how does a consumer decide as to how many units of that good to buy? Explain.
What are the characteristics of an index number?
Calculate Laspeyre's price index number from the following data.
Commodity
Price
Quantity Bought
2014
2015
2014
2015
X
50
52
10
12
Y
7
9
3
4
Z
3
5
7
7
Price elasticity of demand is found to be (-) 2. Price falls from ₹10 per unit to ₹8 per unit. Find the percentage change in quantity demanded.
Why is short run average cost curve U-shaped?