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Start learning 50% faster. Sign in nowCost of Production (CoP) is one of the important factors in the determination of MSP of mandated crops. Besides cost, the Commission considers other important factors such as demand and supply, price trend in the domestic and international markets, intercrop price parity, terms of trade between agricultural and nonagricultural sectors and the likely impact of MSP on consumers, in addition to ensuring rational utilisation of natural resources like land and water. Thus, pricing policy is rooted not in ’cost plus’ approach, though cost is an important determinant of MSP.
The profit-maximizing monopolist will choose the price and quantity represented by point
If X(bar) = 25, Y(bar) = 120, bxy = 2. Find the value of X when Y=130?
As per the Economic survey 2023-24, what percentage of India's economy was accounted for by the services sector in FY24?
You are given the following data for national economy of a country Y:
Equilibrium GDP is $6000 million.
MPC is 0.8
It is considered...
The economic development in Schumpeter’s development theory is because of
Which of the following could be a remedy for Multicollinearity Problem?
Which of the following is a synonym of "Undistributed Profits"?
The credit manager at a Departmental store collects data on 100 of her customers. Of the 60 men, 40 have credit cards (C). Of the 40 women, 30...
On a graph for a monopolist or monopolistic competitor, which of the following curves coincide?
Consider the following Utility function U(x,y) = 9x+11y. The price of x and y are 8 and 10 respectively. The income of the consumer is 120. Calculate th...