The final good means, it is …………….. in production of goods.
A) not used further
B) used further
C) both A and B
D) partly used
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A consumer consumes only two goods A and B and is in equilicbrium . Price of good a falls . Show that it will lead to rise in dmand for good A . Use U
When consumer is in equilibrium : `(MU_(A))/(P_(A))=(MU_(B))/(P_B)` When price of good A `(P_(A))` falls , then `(MU_(A))/(P_(A))gt(MU_(B))/(P_B)` Since per rupee marginal utility of A `(MU_(A))` is now higher than per...
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When the object is placed 4 cm from the objective of a microscope, the final image formed coincides with the object. The final image is at the least d
Correct Answer - `f_(0) = 3.125 cm` and `f_(e) = 7.5 cm`
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`E_(P)` of a good is -3 . At a price of Rs. 8 per unit a consumer busy 160 units of the good . How many units of the good will the consumer buy when p
Correct Answer - 280 units
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In barter transactions, goods or services are purchased for other goods or services.
This statement is True. Barter means exchange of goods or services for goods or services. No money is involved in barter transactions.
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The value of all final goods and services produced within a country during a particular year is called ……………
D) Gross Domestic Product
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Which of the following does not belong to final goods?
Correct option is D) Tyre
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A) Sum of all final goods and services in a decade
B) Sum of values of all final goods and services produced in a country in a year
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Husk is an example for A) Final goods
D) Intermediate goods
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(i) Paper, water and pulp are intermediate goods for this final product A) Computer
(i) B) Notebook (ii) B) Iron
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Distinguish between Final Goods and Intermediate Goods.
Final goods refer to those goods which are used either for final consumption or for investment purposes. Whereas Intermediate goods refer to those goods which are used either for resale...
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