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Non-Competitive Markets

Question
CBSEENEC12012698

Calculate intermediate consumption from the following data:

   

in lakhs)

(i)

Value of output

400

(ii)

Net value added at FC

160

(iii)

Depreciation

40

(iv)

Subsidy

10

(v)

Sale tax

30

 

Solution

Intermediate consumption
= Value of output (at MP) - Gross value added (at MP)
= 400 - (160 + 40 + 30 - 10) = र 180 lakhs.