Sponsor Area

Non-Competitive Markets

Question
CBSEENEC12012593


(र in thousands)

(i)

Sales

500

(ii)

Opening Stock

30

(iii)

Closing stock

20

(iv)

Purchase of intermediate products

300

(v)

Purchase of machinery

150

(vi)

Subsidy

40

From the following data about firm 'X', calculate gross value added at FC by it.

Solution

Gross value added = (i) + (iii - ii) - (iv)
= 500 + (20 - 30) - 300 = 190
Gross value added at FC = 190 + 40 subsidy = 230 thousands.