Commerce Exam > Commerce Questions > 4, On the basis of these 2 schedules (for Oni...
Start Learning for Free
4, On the basis of these 2 schedules (for Onions & Tomatoes) draw two different demand curves properly, (Summation of demand for Onions and Tomatoes of 20 families separately with respect to prices - refer template) . 5. Interprete on the basis of the curves & give conclusion based on the graph. (Interpretation shall include the elasticity of demand curve and the nature of commodity based on the elasticity.)?
Most Upvoted Answer
4, On the basis of these 2 schedules (for Onions & Tomatoes) draw two ...
And Potatoes), which crop would you recommend to a farmer looking to maximize profit?
To determine which crop would be more profitable, we need to compare the revenue and cost of producing both onions and potatoes.
Looking at the schedules, we can see that the revenue per acre of potatoes is significantly higher than onions. However, the cost of producing potatoes is also much higher.
To calculate profit, we can subtract the cost per acre from the revenue per acre.
For onions:
Profit = $2,000 - $1,500 = $500 per acre
For potatoes:
Profit = $4,500 - $3,000 = $1,500 per acre
Based on this analysis, it appears that potatoes would be more profitable for the farmer. However, it's important to note that there may be other factors to consider, such as soil conditions, climate, and market demand. The farmer should also consider their own experience and expertise in growing each crop.
To determine which crop would be more profitable, we need to compare the revenue and cost of producing both onions and potatoes.
Looking at the schedules, we can see that the revenue per acre of potatoes is significantly higher than onions. However, the cost of producing potatoes is also much higher.
To calculate profit, we can subtract the cost per acre from the revenue per acre.
For onions:
Profit = $2,000 - $1,500 = $500 per acre
For potatoes:
Profit = $4,500 - $3,000 = $1,500 per acre
Based on this analysis, it appears that potatoes would be more profitable for the farmer. However, it's important to note that there may be other factors to consider, such as soil conditions, climate, and market demand. The farmer should also consider their own experience and expertise in growing each crop.
Attention Commerce Students!
To make sure you are not studying endlessly, EduRev has designed Commerce study material, with Structured Courses, Videos, & Test Series. Plus get personalized analysis, doubt solving and improvement plans to achieve a great score in Commerce.
|
Explore Courses for Commerce exam
|
|
Similar Commerce Doubts
Top Courses for CommerceView all
4, On the basis of these 2 schedules (for Onions & Tomatoes) draw two different demand curves properly, (Summation of demand for Onions and Tomatoes of 20 families separately with respect to prices - refer template) . 5. Interprete on the basis of the curves & give conclusion based on the graph. (Interpretation shall include the elasticity of demand curve and the nature of commodity based on the elasticity.)?
Question Description
4, On the basis of these 2 schedules (for Onions & Tomatoes) draw two different demand curves properly, (Summation of demand for Onions and Tomatoes of 20 families separately with respect to prices - refer template) . 5. Interprete on the basis of the curves & give conclusion based on the graph. (Interpretation shall include the elasticity of demand curve and the nature of commodity based on the elasticity.)? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about 4, On the basis of these 2 schedules (for Onions & Tomatoes) draw two different demand curves properly, (Summation of demand for Onions and Tomatoes of 20 families separately with respect to prices - refer template) . 5. Interprete on the basis of the curves & give conclusion based on the graph. (Interpretation shall include the elasticity of demand curve and the nature of commodity based on the elasticity.)? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for 4, On the basis of these 2 schedules (for Onions & Tomatoes) draw two different demand curves properly, (Summation of demand for Onions and Tomatoes of 20 families separately with respect to prices - refer template) . 5. Interprete on the basis of the curves & give conclusion based on the graph. (Interpretation shall include the elasticity of demand curve and the nature of commodity based on the elasticity.)?.
4, On the basis of these 2 schedules (for Onions & Tomatoes) draw two different demand curves properly, (Summation of demand for Onions and Tomatoes of 20 families separately with respect to prices - refer template) . 5. Interprete on the basis of the curves & give conclusion based on the graph. (Interpretation shall include the elasticity of demand curve and the nature of commodity based on the elasticity.)? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about 4, On the basis of these 2 schedules (for Onions & Tomatoes) draw two different demand curves properly, (Summation of demand for Onions and Tomatoes of 20 families separately with respect to prices - refer template) . 5. Interprete on the basis of the curves & give conclusion based on the graph. (Interpretation shall include the elasticity of demand curve and the nature of commodity based on the elasticity.)? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for 4, On the basis of these 2 schedules (for Onions & Tomatoes) draw two different demand curves properly, (Summation of demand for Onions and Tomatoes of 20 families separately with respect to prices - refer template) . 5. Interprete on the basis of the curves & give conclusion based on the graph. (Interpretation shall include the elasticity of demand curve and the nature of commodity based on the elasticity.)?.
Solutions for 4, On the basis of these 2 schedules (for Onions & Tomatoes) draw two different demand curves properly, (Summation of demand for Onions and Tomatoes of 20 families separately with respect to prices - refer template) . 5. Interprete on the basis of the curves & give conclusion based on the graph. (Interpretation shall include the elasticity of demand curve and the nature of commodity based on the elasticity.)? in English & in Hindi are available as part of our courses for Commerce.
Download more important topics, notes, lectures and mock test series for Commerce Exam by signing up for free.
Here you can find the meaning of 4, On the basis of these 2 schedules (for Onions & Tomatoes) draw two different demand curves properly, (Summation of demand for Onions and Tomatoes of 20 families separately with respect to prices - refer template) . 5. Interprete on the basis of the curves & give conclusion based on the graph. (Interpretation shall include the elasticity of demand curve and the nature of commodity based on the elasticity.)? defined & explained in the simplest way possible. Besides giving the explanation of
4, On the basis of these 2 schedules (for Onions & Tomatoes) draw two different demand curves properly, (Summation of demand for Onions and Tomatoes of 20 families separately with respect to prices - refer template) . 5. Interprete on the basis of the curves & give conclusion based on the graph. (Interpretation shall include the elasticity of demand curve and the nature of commodity based on the elasticity.)?, a detailed solution for 4, On the basis of these 2 schedules (for Onions & Tomatoes) draw two different demand curves properly, (Summation of demand for Onions and Tomatoes of 20 families separately with respect to prices - refer template) . 5. Interprete on the basis of the curves & give conclusion based on the graph. (Interpretation shall include the elasticity of demand curve and the nature of commodity based on the elasticity.)? has been provided alongside types of 4, On the basis of these 2 schedules (for Onions & Tomatoes) draw two different demand curves properly, (Summation of demand for Onions and Tomatoes of 20 families separately with respect to prices - refer template) . 5. Interprete on the basis of the curves & give conclusion based on the graph. (Interpretation shall include the elasticity of demand curve and the nature of commodity based on the elasticity.)? theory, EduRev gives you an
ample number of questions to practice 4, On the basis of these 2 schedules (for Onions & Tomatoes) draw two different demand curves properly, (Summation of demand for Onions and Tomatoes of 20 families separately with respect to prices - refer template) . 5. Interprete on the basis of the curves & give conclusion based on the graph. (Interpretation shall include the elasticity of demand curve and the nature of commodity based on the elasticity.)? tests, examples and also practice Commerce tests.
|
|
Explore Courses for Commerce exam
|
|
Suggested Free Tests
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
|
© EduRev
|
Education Revolution
|
Follow Us
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup