Question
12,000 Kg of a material were input to a process in a
period. The normal loss is 10% of input There is no opening or closing work-in-progress. Output in the period was 10,920 Kg. What was the abnormal gain/loss in the period?Solution
Normal loss = 10% of 12,000 Kg = 1,200 Kg. Expected output = Input - Normal loss = 12,000 Kg - 1,200 Kg = 10,800 Kg Actual output = 10,920 Kg Abnormal gain = Actual output - Expected output = 10,920 Kg - 10,800 Kg = 120 Kg.
With fixed costs of $400, a firm has average total costs of $3 and average variable costs of $2.50. Its output is:
What is the short-run effect of expansionary fiscal policy under a flexible exchange rate regime with perfect capital mobility?
If the economy is operating at point C, the opportunity cost of producing an additional 20 units of bacon is
Which of the following activities can be undertaken by a payment bank in India, as per RBI guidelines?
(i) Acceptance of demand deposits
...Identify the order of chronological development of the theory of demand.
a. Marshall’s theory of demand
Refer to the below table and calculate the NNPmp
The correlation coefficient between X and -X is:
What is sum product of the error an independent variable in OLS estimation
Which of the following statements is NOT correct under the IS-LM (Fixed Price) model?
If the market demand is given by Q=250-50p and supply Q=25p+25 then what is equilibrium price in market
