Jnu doubts

[Shefali]

q1 5000 bottles of a soft drink are demanded when price for each bottle is 5.when price is 6 only 4000 bottles are demanded.Mr from increasing the price is
a 1000
b -1000
c 1
4 -1

q2 In an economy MPS is 0.1,investment is 500 million and autonoous consumption is 200 million.which of the statements is true
a planned savings are 200 million
b GDp is 6500 million
c consumption expenditure is 6500 million
d Mpc is higher than APc

[The Villain]

i'm getting quest 1 as c

[ViV]

Mr?

[Homer Simpson]

2(c)

[Ashima]

2 c

How did u do the first one Ron?

[ViV]

1st (b) but m not sure...
2nd (c)

[Ashima]

For b i am trying to calculate the slope using 2 point method. But i am getting -1/1000, which ideally should mean for every 1 unit change in price quantity decreases by 1000; meaning b!

Just guessing! Someone help please!

[ViV]

TR = 2500
TR = 2400
MR = 2400-2500 = -100
but I think this question is not that too easy..

[ViV]

Sorry forgot to add one more 0 in each digit

[Ashima]

I took MR as marginal rate :p

Yeah it should be "b" only then Viv!

[Ashima]

Why does JNU have such stupid questions..So annoying na!

[ViV]

Yeah! Agree....
But i hvn't seen such questions.
Hey! Shefali from which year these questions are?

[ViV]

GEN_ECO_2012_-_2007.bmp
B or C ?

[Ashima]

B

[ViV]

why not C?

[Ashima]

Inequality doesnt change its sign when something is added or subtracted!

[The Villain]

I got as c...now m nt getting...
n ya viv and ashima..ans is c

[Ashima]

C for the inequality one Ron? Or the Investment one?

[ViV]

Thanks!!

[The Villain]

Sry b for the inequality one