What will be the average revenue of the product


Discuss the below:

1. If the total issues in an economy are Rs 4,50,000, the financial interrelations ratio is 1.17, and the new issue ratio is 0.72, what will be the net capital formation in the economy?

2. Assume that the national income of a country is 96,000 currency units, the net capital formation is 15,000 currency units, and the total issues are 24,000 currency units. Determine the financial interrelation ratio?

3. Assume that an economy's net capital formation is Rs 98,667.3, its primary issues are Rs 63147, and its financial interrelations ratio is 1.21. What will be the primary issues in the economy if the intermediation ratio is 0.72?

4. NDP at factor cost in an economy is Rs. 15,311. If the net factor income from abroad is Rs 51 and the subsidies are Rs 402, what will be the national income?

5. If the marginal revenue of a product is Rs 12 and the demand elasticity is 1.5, what will be the average revenue of the product?

6. Assume that an automobile dealer knows the demand variations in the industry from his past experience. According to him, price elasticity of demand for cars is unitary (=1). The price of the cars is currently Rs.20,000 and the dealer wants to increase the quantity demanded from 30 units to 60 units. At what price should the dealer sell the cars if he has to sell 30 additional cars?

Solution Preview :

Prepared by a verified Expert
Microeconomics: What will be the average revenue of the product
Reference No:- TGS01982907

Now Priced at $25 (50% Discount)

Recommended (95%)

Rated (4.7/5)