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If the demand is price inelastic:

Average daily wage of 50 workers of a factory was Rs. 200. Each worker is given a raise of Rs. 20. What is the new average daily wage?

Phytoplanktons are producers of ___ .

Which of the following are examples of legal market power?

State, with valid reasons, which of the following statement are true or false:

a. Average Revenue curve under the Perfect Competition is a downward sloping curve.

b. AFC curve is a rectangular hyperbola curve.

c. When MR is falling but positive, TR will also be falling and positive.

A) What are the difficulties in the construction of the consumer price index?

B) An enquiry into the budgets of middle class families in a certain city gave the following information:

$\begin{array}{cccccc}\text{Expenses on}& \text{Food}& \text{Fuel}& \text{Clothing}& \text{Rent}& \text{Other}\\ & 30\%& 10\%& 20\%& 15\%& 20\%\\ \text{Price in 2004 (Rs)}& 1500& 250& 750& 300& 400\\ \text{Price in 1995 (Rs)}& 1400& 200& 500& 200& 250\end{array}$

What is the cost of living index of 2004 as compared to 1995?

Which of the following measures are adopted by the government of India to improve the system of agricultural marketing?

___ are those which get exhausted with extraction and use.

Which of the following are parts of the profit assumption?

Explain any two factors that affect the price elasticity of demand. Give suitable examples.

The basic issue of study in macroeconomics is ___, at an economy level.

Which is the central monetary authority of India?

The slope of the TR curve gives ___

Discuss as to why nations trade.

Brands never die. They are meant to live forever. However, their lustre fades by the imprudent decisions of brand managers who fail to see the future unraveling. The concept of branding is not new; many famous brands have been with us for some time. Many developed as the result of the energy and enthusiasm of the entrepreneurs behind them. As the companies grew the responsibility of maintaining the brand tended to fall to others from which the brand-management system emerged.

Mixed cropping has proved biologically most dynamic under ___.

Give three reasons (or causes) of a rightward shift of demand curve.

Or

Explain briefly any three factors which lead to 'increase in demand'.

X and Y are complementary goods. Explain the sequence of effects of a fall in the price of X on the equilibrium price and quantity of Y.

Why does an economic problem arise? Explain.

OR

Why is a production possibility curve concave to the origin? Explain.

Which of the following was the first land reform?

If the cross elasticity of demand is -2:

Make a list of products for which you think demand is price inelastic and price elastic .

During 2002 – 2005, there were significant increases in the construction of new housing stock in the US. During the same time period, we also observed significant rises in the demand for homes. We know that during that time period both the price and the level of homes traded increased. Based on that information what most likely happened in the market?

Why was economic growth stagnant before the 18th century?

Explain the implication of large number of buyers in a perfectly competitive market.

Jalal builds computers using parts and sells them at Rs 20,000. His costs for different production levels are tabulated below.

$\begin{array}{cc}Quantity& TotalCost\left(Rs\right)\\ 1& 30,000\\ 2& 50,000\\ 3& 60,000\\ 4& 75,000\\ 5& 95,000\\ 6& 1,20,000\\ 7& 150,000\\ 8& 190,000\end{array}$

How many computers will Jalal supply at a price of Rs 20,000?

If N is the number of spheres in the unit cell, then total no. of octahedral voids is the cell is

The law of demand refers to the

After 1800, the global GDP distribution changed because of _______

How many 5 Year Plans has the Soviet Union had?

Q37. Which of the following is not under the Eight Core Industries?

Which of the following is the slope of the TR curve?

In which instance will both the equilibrium price and quantity rise?

Greenhouse gas which is present in a very high quantity.

“Ozone Hole” is a ___.

Which of the following pairs of curves start from the same point?

Which committee was formed to reconstruct the sick public units?

If at the market equilibrium, the supply is a vertical line and the downward sloping demand curve shifts to the right, then:

At what level of price do the firms in a perfectly competitive market supply when free entry and exit is allowed in the market? How is the equilibrium quantity determined in such a market?

Which of the following is part of the health infrastructure?

Jute industries were located in _______.

Vysakh set up a samosa stand. His fixed cost is Rs 1500. His average variable cost is Rs 10/samosa. If he sells 200 samosas at Rs 20, what is his profit?

Why do you think privatisation helps improve the position of the economy?

Economic reforms started in India in

Suppose the demand and supply equations are given by:
Qd= 110-10p
and Qs= -100+20p
Find the equilibrium price and quantity.

Resonating structures in ozone:

From the following Trial Balance, prepare a Trading and Profit Loss Account for the year ended 31st March 2012 and a Balance Sheet as on that date: The following adjustments are to be made:

1. Stock on 31-3-2012 was Rs 3,250.

2. Depreciate Building 5%, Furniture 10%and Scooter 20%.

3. One-third of the commission received is in respect of work to be done next year.

Q. From the following Trial Balance 30th June, 2012 and prepare Trading and Profit & Loss A/c and Balance Sheet:

Adjustments :

1. Sales include sale of Furniture on 30th June, 2012 at actual sale price of Rs 750. The Book value of furniture sold on that date was Rs 1,000.

2. Rs 2,500 paid to Ajay against our acceptance were debited by mistake to Ajay's A/c and from there it was included in the list of Sundry Debtors.

3. Depreciate furniture by 10% p.a. and Dead Stock by 30% p.a.

$\begin{array}{ccc}\text{Particulars}& \text{Amount}& \text{Amount}\\ & \text{Cr.(Rs)}& \text{Dr.(Rs)}\\ \text{Furniture}& 640& \\ \text{Scooter~}& 6,250& \\ \text{Building}& 7,500& \\ \text{Capital}& & 12,500\\ \text{Bad Debts}& 125& \\ \text{Provision for Bad Debts}& & 200\\ \text{Creditors}\&\text{Debtors}& 3,800& 2,500\\ \text{Opening Stock}& 3,460& \\ \text{Purchases}\&\text{Sales}& 5,475& 15,450\\ \text{Bank overdraft}& & 2,850\\ \text{Returns}& 200& 125\\ \text{Advertising}& 450& \\ \text{interest}& 118& \\ \text{Commission}& & 375\\ \text{Cash}& 650& \\ \text{Taxes and Insurances}& 1,250& \\ \text{General Expenses}& 782& \\ \text{Salaries}& 3,300& \\ \overline{\underset{–}{34,000}}& \overline{\underset{–}{34,000}}& \end{array}$

From the following Trial Balance 30th June, 2012 and prepare Trading and Profit & Loss A/c and Balance Sheet :

$\begin{array}{cccc}\text{Particulars}& \text{(Rs)}& \text{Particulars}& \text{(Rs)}\\ \text{Purchases}& 2,10,000& \text{Sales}3,60,000& \\ \text{Wages and Salaries}& 16,200& \text{Bills Payable}& 2,500\\ \text{Repairs and Renewals}& 2,100& \text{Capital}& 2,00,000\\ \text{Freight on Purchases}& 4,500& \text{Returns}& 2,000\\ \text{Furniture}& 6,000& \text{Mortgage and Interest to date}& 10,750\\ \text{Dead Stock}& 8,000& \text{Bad Debts Recovered}& 1,650\\ \text{Returns}& 5,200& \text{Interest on Govt. Bonds}& 500\\ \text{Bank balance}& 7,300& \text{General Reserve}& 6,800\\ \text{Sundry Debtors}& 75,000& \text{Sundry Creditors}& 24,000\\ \text{Advertisement Expenses}& 10,000& \text{Outstanding Salaries}& 4,400\\ \text{Unexpired Insurance}& 500& & \\ \text{Miscellaneous Expenses}& 2,570& & \\ \text{Freehold Premises}& 1,28,100& & \\ \text{Patent Rights}& 20,000& & \\ \text{Delivery Van}& 50,000& & \\ \text{Audit fees}& 4,000& & \\ \text{Agent's Commission}& 5,780& & \\ \text{Insurance}& 2,000& & \\ \text{Drawings}& 8,400& & \\ 10\%\text{Govt. Bonds}& & & \\ \text{(Purchased on Oct.}1,2011)& 10,000& & \\ \text{Mortgage Interest}& 750& & \\ \text{Stock on 30th June,}2012& 36,200& & \\ & \overline{\underset{–}{6,12,000}}& & \overline{\underset{–}{6,12,000}}\end{array}$

Consider the demand for a good. At price Rs. 4, the demand for the good is 25 units. Suppose price of good increases to Rs. 5 and as a result, the demand for the goods falls to 20 units. Calculate the price elasticity.

Because of political turmoil and changes in the government, the sixth plan is known as a __________ plan.