(a) Profit earned by branches of a country's bank in other countries: The profits earned by the branches of a country's banks will not be included in the domestic income...
(a) Profits earned by foreign companies in India: Profit earned by foreign companies in India will be included in the domestic product of India as they lie within the domestic...
(a) Financial assistance to flood victims:
No, this will not be included in the national income as it is a transfer income.
(b) Profits earned by the branches of a foreign bank...
When total product is constant average product will fall.
True because Average, Product = TP/ Variable Input
And since TP is constant and variable input increases, AP will fall.
(i) False, Average cost falls only when MC < AC, Average cost can fall even when MC is rising.
(ii) True, The difference between AC and AVC is true to AFC....
Output (Units)
TR in Rs.
TC in Rs.
MR in Rs.
MC in Rs.
1
2
3
4
5
12
24
36
48
60
14
26
36
48
62
12
12
12
12
12
14
12
10
12
14
The equilibrium is at 4 units of output.
Reasons:
(1) At this Level of output MR = MC
(2) MC > MR after equilibrium output.
(a) It may not be the reason for the defeat of Congress party. Because there were so many experienced and charismatic leaders in the party.
(b) It was one of the...
The changes that have been made under the liberalisation programme have stimulated economic growth and opened up Indian markets to foreign companies. Increasing foreign investment is supposed to help economic growth...
