Question
State three features of perfect competition.
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|
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
|
|
Industry
|
Output
|
Weights
|
|
|
Base year
|
Current Year
|
||
|
Manufacturing
|
122
|
300
|
85
|
|
Electrical Product
|
203
|
400
|
5
|
|
Mining and Quarrying
|
65
|
87
|
10
|
|
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
|
|
Commodity
|
Price
|
Quantity Bought
|
||
|
2014
|
2015
|
2014
|
2015
|
|
|
X
|
50
|
52
|
10
|
12
|
|
Y
|
7
|
9
|
3
|
4
|
|
Z
|
3
|
5
|
7
|
7
|
| Quantity Sold (Units) | Price (₹) | Total Cost (₹) |
| 1 | 5 | 7 |
| 2 | 5 | 12 |
| 3 | 5 | 16 |
| 4 | 5 | 18 |
| 5 | 5 | 23 |
| Employment of Variable Factor (Units) | Employment of Fixed Factor (Units) | Total Physical Product (Units) |
| 0 | 5 | 0 |
| 1 | 5 | 10 |
| 2 | 5 | 24 |
| 3 | 5 | 40 |
| 4 | 5 | 56 |
| 5 | 5 | 70 |
| 6 | 5 | 80 |
| 7 | 5 | 84 |