Re: ISI

Posted by s on Mar 20, 2012; 11:21am
URL: http://discussion-forum.276.s1.nabble.com/ISI-tp7388712p7388782.html

2)A vickery auction is an auction in which each bidder submits a seaed bid(a bid that is revealed only after all bids are submitted). the highest bidder wins auction, but the winning bidder pays not what he bids but the second highest bids. suppose you are participating in the auction for an object worth Rs.20,000 to you how much will you bid for the object:
i)Rs.19600
ii)Rs 19998
iii)20000
Iv)20002

3)a firm sold Rs 50000 worth of its products and carried over stock of Rs 7000 of unsold products to the next year in the first year of its operation. in the same year it bought the products of other firms worth Rs. 30000 for use as raw materials of which it carried over a stock of unused products worth Rs 2000 to next year. the value added in its production in the year:
i)20000
ii)25000
iii)27000
1v)29000
is it 29000?

4) a farmer produces 100 units of rice.he keeps a part of his output for self conspn and sells the rest inthe market to buy vegetables. if price of rice goes up with price of vegetables remaining unchanged, his budget line:
i)shifts out with same intrcpt on rice axis
ii)shifts out with same intercept on vegetable axis
iii)doesnt change
iv)shifts in with the same intercept on rice axis