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Transcript of Kapil Economics
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N.R. IBMKapil S.bhagwani
Roll no:- 6
1st semester
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Situation 1a) Martin works in a meggi factory(ABC limited)
and he earns rupees 50 per hour in a factoryand he works 8 hours a day in factoryb) Martin gives money to his wife and his wife
buys a meggi from xyz traders costing rupees
20c) martins wife feeds meggi to martin
d) xyz traders buys meggi from ABC limited
For flow chart
P.T.O
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MartinwifeXYZtraders ABClimited
FLOW OF
GOODS AND
SERVICES
FLOW OF
MONEYANALYSIS:--- AS WE CAN SEE FLOW OF MONEY ISCIRCULAR AND FLOW NEVER STOPS ,,, AND MONEY
PASSES FROM THE SAME PLACE AGAIN AND AGAIN
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Situation 2There are Two individuals (1) is industrialist and (2) ismedia personThey are indulged in two activities1) talk show2) Black boards
Bussinessman
Media person
Business
man
Talk showProduction of
black board
30minute
s90
minutes
45minute
s20
minutes
Both can work for 10 hours each
Prepare production
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There are 4 conditions underwhich we have to prepare
production frontierA)When they prepare only talkshow
B)When they produce onlyblackboards
C)When they spend half of theirtime in each activity
D)When media person is
preparing talk show and
-------First of all we have to prepare columner table for
each condition so that we can prepare productionfrontier based on that--
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Talk show
Talk showProduction of
black board
Mediaperson
Businessman
Talk show
Talk showProduction of
black board
Mediaperson
Businessman
When they prepare only talk show
When they produce onlyblackboards
20
13
07
3
Total 27units
Total 43units
(A)
(B)
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Talk show
Talk showProduction of
black board
Mediaperson
Businessman
Tal2202020k show
Talk showProduction of
black board
Mediaperson
Businessman
When they spend half of their time in each activity
When media person is preparing talk show andbusinessman is producing blackboards
1
0
0
7
03
15
2
0
3
Total 35units
Total 50
( C
)
(D
)
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Media persons produtionfrontier?
Talk
show
Eachcolumn=
5
units
5
0
10
15
20
25
(20,0)
Each column = 22 4 6 8 10 12 14
(0,13)
(10,7)
(A),(D)
( B)
(C)
PRODUCTION
FRONTIER
blackboa
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Business mans produtionfrontier?
Talk
show
Eachc
olumn=
2
units
2
0
4
6
Each column = 5units
5 10
15
20
25
30
35
PRO
DUCTION
FRO
NTIER
8 (7,0)(A)
(0, 30) (B)(D)
(3,15)(C)
ANALYSIS :- MORE WORK CAN BE DONE WHEN BOTH OFTHEM DO WHAT THEY ARE BEST IN.
blackboa
rd