-->

Non-Competitive Markets

Question
CBSEENEC12012697

Calculate value of output from the following:

(र in lakhs)

(i)

Net value added at FC

200

(ii)

Intermediate consumption

150

(iii)

Excise duty

40

(iv)

Subsidy

10

(v)

Depreciation

20

Solution

Value of output = 200 + 150 + 40 - 10 + 20 = र 400 lakhs
(Value of output means value of gross output at MP)