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