India has 3 GDP of 23,000 billion Indian rupees, and a population of 1.1 billion. Theexchange rate is 50 rupees per US. dollar.
1 answer:
Answer:
Indian rupee in US dollars = $418
Explanation:
given data
India GDP = 23,000 billion
exchange rate = 50 rupees per US
population = 1.1 billion
solution
we get here GDP per capita as
GDP per capita = India GDP ÷ population
GDP per capita =
GDP per capita = 20909 rupees
so here we Convert Indian rupee in US dollars that is with exchange rate
Indian rupee in US dollars = GDP per capita ÷ exchange rate
Indian rupee in US dollars =
Indian rupee in US dollars = $418
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Answer:
$936.33 Million
Explanation:
Current sales = $525 millions
Growth rate = 7.5%
Number of years = 10 years
Sales after 8 year = Current sales x
Sales after 8 year = $ 525 million x
Sales after 8 year = $ 525 million x
Sales after 8 year = $ 525 million x
Sales after 8 year = $ 525 million x 1.783477826
Sales after 8 year = $ 936.33 million
The demand curve of a monopolistically competitive firm A) is horizontal because the firm must cut its price to sell more.
- The demand curve of a firm that is perfectly competitive is horizontal at the market price.
- As a result, every unit sold will result in it receiving the same price.
- The difference in total revenue from selling one more unit at the constant market price is the marginal revenue that the company receives.
- A monopolistically competitive firm's perceived demand curve slopes downward, indicating that it sets prices and selects a mix of quantity and price.
Why is the demand curve in monopolistic competition more elastic than a monopoly?
Firm's demand curve under monopolistic competition is more elastic than under monopoly because of availability of close substitutes under monopolistic competition.
Learn more about demand curve brainly.com/question/13131242
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