Indian Economy Questions

Calculate the accounting profits for a firm, if its economic profits for the year are Rs 60 crores, total implicit costs are Rs 18.5 crores and total explicit costs are Rs 35 crores

Increase in the demand for a good will cause the equilibrium price of the good to ________ and the equilibrium quantity to _________.

If quantity of good X demanded increases from 4000 units to 5000 units when price of good Y increases from Rs 75 to Rs 90, find Arc Cross elasticity of demand?

Long run growth in GDP is determined by

In April 2017, N. K. Singh Committee recommended a fiscal deficit of how much percent of GDP by Financial Year 2022-23?

From which of the following, is the GDP of a country not derived from?

For each perfectly competitive firm in the long run

In perfect competition _____.