If P= 100Q+2 then find Marginal Revenue
Given the information
Product.........Qty produced ......price...........Qty produced ........ Price .............................(kg) 1995............... 1995. ................(kg)......,..............2000
Maize...................50 .,........................N20................. 100 ................. N30
Rice........................80 ........................ N40 ................. 160 ................... N60
Calculate:
The GNP at market 2000 prices, GNP at current 1995 prices GNP at constant 1995 prices in year 2000
The GNP price deflator (Nominal GNP)/Real GNP
critically discuss the effects of social grants on incomes and welfare