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What is non circulating legal tender 

Posted by Abhishek Kashyap (Jul 17, 2017 9:16 p.m.) (Question ID: 6722)

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  • Non-circulating legal tender (NCLT) refers to coins that are theoretically legal tender and could circulate but do not because their issue price, and/or their melt value at the time of issue is significantly above the arbitrary legal tender value placed thereon.

    Answered by Sahdev Sharma (Jul 20, 2017 6:34 p.m.)
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What is non circulating legal tender 

 

Posted by Abhishek Kashyap (Jul 18, 2017 1:13 p.m.) (Question ID: 6721)

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  • Non-circulating legal tender (NCLT) refers to coins that are theoretically legal tender and could circulate but do not because their issue price, and/or their melt value at the time of issue is significantly above the arbitrary legal tender value placed thereon.

    Answered by Sahdev Sharma (Jul 20, 2017 6:35 p.m.)
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Calculate consumption expenditure in the economy whose equilibrium level of income is 20000 autonomous consumption is 500 and marginal propensity to save is 0.5

Posted by Sasant Gupta (Jul 14, 2017 9:37 a.m.) (Question ID: 6629)

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MU from the last rupee spent on each good is the same ?

 

Posted by Ak Sharma (Jul 13, 2017 11:11 p.m.) (Question ID: 6627)

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  • No, because when consumer spent his money on goods the mu is decreasing from the last spent 

    Answered by Harshit Mishra (Jul 14, 2017 8:09 a.m.)
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What is marginal utility of money?

Posted by Anushka Dixit (Jul 13, 2017 8:55 p.m.) (Question ID: 6622)

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  • The power of money 

    Answered by Harshit Mishra (Jul 14, 2017 8:11 a.m.)
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  • Microprocessor

    Answered by Nitin Garg (Jul 13, 2017 9:59 p.m.)
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Define market supply . Explain the factor 'input prices' that can cause  a change in supply . 

 

Posted by Tahir Malek (Jul 12, 2017 7:35 p.m.) (Question ID: 6596)

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  • The Market Supply is the total amount of a good or service all producers are willing to provide at the prevailing set of relative prices during a defined period of time.  The market supply is the total of all individual producer supplies. 

    • A change in the price of a good or service, holding all else constant, will result in a movement along the supply curve
    • A change in the cost of an input will impact the cost of producing a good and will result in a shift in supply; supply will shift outward if costs decrease and will shift inward if they increase.
    • A change in the expected demand for a good or service will result in a shift in supply; supply will shift outward if enthusiasm is expected to increase and will shift inward if there is an expectation for consumers preferences to change in favor of an alternate good or service.
    Answered by Poulami Dasgupta (Jul 16, 2017 11:14 a.m.)
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Q- Does production takes place on pp curve. 'comment' by supporting your answer.

Posted by Sàhíl ßhãt (Jul 11, 2017 9:36 a.m.) (Question ID: 6558)

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What is the meaning of average utility?

Posted by Sweata Agarwal (Jul 10, 2017 4:40 p.m.) (Question ID: 6532)

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What is average utility?

Posted by Sweata Agarwal (Jul 10, 2017 4:39 p.m.) (Question ID: 6531)

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Market for a good is in equilibrium .there is simultaneos decrease in both demand and supply but there is no change in market price.. explain with the help of schedule.

 

Posted by Tsering Dolma (Jul 10, 2017 4:23 p.m.) (Question ID: 6530)

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Explain the law of marginal utility for 3 marks?

Posted by Ankita Maan (Jul 09, 2017 4:06 p.m.) (Question ID: 6508)

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Differance between demand curve and supply curve?

Posted by Ankit Singh (Jul 09, 2017 1:58 p.m.) (Question ID: 6507)

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What is the relationship between MC and AC?

Posted by Ankit Singh (Jul 09, 2017 1:57 p.m.) (Question ID: 6506)

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  • Both are u shaped bcoz of Law Of Variable Proportion. 

    Both depends upon TVC.

    Initially both  falls.

    MC cuts AC at AC's minimum  point. 

    After cutting  both increases, but change in MC is more than AC.

    Answered by Richa Aggarwal (Jul 19, 2017 7:44 p.m.)
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I want sample papers of economics in Hindi medium

 

Posted by Harshit Mishra (Jul 08, 2017 10:02 p.m.) (Question ID: 6489)

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impact on production possibility curve

Posted by Aneetta Sony (Jul 05, 2017 3:58 p.m.) (Question ID: 6394)

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What is the diffrence and relation between total utility and marginal utility?

Posted by Sushan Mourya (Jul 02, 2017 12:28 p.m.) (Question ID: 6310)

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  • The significant differences between total and marginal utility are explained in the points given below:

    • Total Utility means overall benefit obtained by a person from consumption of goods and services. Marginal Utility means the amount of utility a person gets from the consumption of each successive unit of a commodity.
    • In general, the total utility increases as more of a commodity is consumed. As against this, the marginal utility decreases with each additional unit of a commodity consumed.
    • There is a certain saturation point of satisfaction, where the consumer no longer gains satisfaction with the consumption of the commodity, once that point has reached. This shows that total utility suffers from decreasing returns. Unlike marginal utility, which declines with each additional unit of the commodity consumed.

    Relationship:Look at the below-given schedule and diagram, to understand three important relationships between total utility and marginal utility:

    UNITS CONSUMED TOTAL UTILITY (TU) MARGINAL UTILITY (MU)
    1 30 30
    2 56 26
    3 76 20
    4 88 12
    5 90 2
    6 90 0
    7 86 -4
    8 78 -8

    • When the marginal utility is positive, total utility is increasing (from unit 1 to 5).
    • When the marginal utility is zero, total utility is maximum (At 6th unit).
    • When marginal utility is negative, total utility is decreasing (Unit 7 & 8)
    Answered by Payal Singh (Jul 02, 2017 4:10 p.m.)
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Which competition AR and price are always equal ? 

Posted by Shahzeb Alam (Jun 17, 2017 5:26 a.m.) (Question ID: 5966)

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  • In Perfect Competition type of market, price is always equals to AR. Firms can only sell their product at a price determined by market demand and market supply.

    Answered by Supriyo Ghosh (Jun 23, 2017 8:53 p.m.)
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Chapter wise weightage foreconmicsin session2017-18

Posted by Aayush Panwar (Jun 16, 2017 6:06 p.m.) (Question ID: 5945)

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How to do unit -1 econmics [ microecomics ]

Posted by Kashish Rastogi (Jun 15, 2017 9:12 p.m.) (Question ID: 5924)

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what is point of satire? what is its another name?

Posted by Mariya Aasim (Jun 05, 2017 4:55 a.m.) (Question ID: 5668)

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what is point of satire?what is its another namw?

Posted by Mariya Aasim (Jun 05, 2017 4:54 a.m.) (Question ID: 5667)

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What awareness can be brought about in the society to reduce the demand for essential commodity like petrol whose price increasing day by day 

Posted by Abhishek Mishra (Jun 01, 2017 9:56 a.m.) (Question ID: 5614)

  • Please give me answer

     

    Posted by Abhishek Mishra (Jun 01, 2017 10:04 a.m.)
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Which chapters are coming in business studies and economics in unit 1 of class 12 cbse ?

Posted by Fun Ka Badshah (Jun 01, 2017 8:44 a.m.) (Question ID: 5613)

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why IC does not touches neither x axis Nor y axis?

Posted by Mariya Aasim (May 30, 2017 10:59 p.m.) (Question ID: 5585)

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  • Ans. An indifference curve cannot touch either axis. If it touches X-axis as 7, in Figure at M, the consumer will be having OM quantity of good X and none of Y.

    Similarly, if an in difference curve I2 touches the У-axis at L the consumer will have only OL of Y good and no amount of X. Such curves are in contradiction to the assumption that the consumer buys two goods in combinations.

    Answered by Naveen Sharma (May 31, 2017 9:19 a.m.)
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what is point of saturation ?

Posted by Mariya Aasim (May 27, 2017 11:33 p.m.) (Question ID: 5526)

  • IS POINT OF SATURATION HAS SOME OTHER NAMES

    Posted by Mariya Aasim (May 30, 2017 10:50 p.m.)
  • THANX......COULD YOU PLEASE GIVE ME THE GRAPHICAL  REPRESENTATION OF POINT OF SATURATION.I'll BE GRATEFULL TO YOU...

    THANKYOU

    Posted by Mariya Aasim (May 30, 2017 10:49 p.m.)
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  • Meaning of saturation point in economics. It's a point where a product has not more demand in market and due to competition, decreased need, obsolescence, or some other factor.

    This time company either diversifies some change in product or again launches in market or start marketing of new product.

    Answered by Payal Singh (May 29, 2017 8 a.m.)
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what is consumer income?

Posted by Sandeep Sam (May 17, 2017 10:34 a.m.) (Question ID: 5346)

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  • Ans. Consumer income is the money that a consumer earns from either work or investment, such as dividends distributed by companies to its shareholders and the gain realised on the sale of an asset, such as a house. When you combine these income sources, it's often referred to as aggregate income.

    Answered by Naveen Sharma (May 17, 2017 2:08 p.m.)
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calculate gnpfc by using income and expenditure method 

contents                               rs in crore

private final consumption       expenditure                         1000

net domestic capital formation 200

profits                                          400

compensation of employees    800

rent                                               250

government final consumption expenditure                                500 

depreciation                                60

interest             :                         150 

net factor income to abroad     -10

net exports                                   -20

net indirect taxes                          80

 

Posted by Erum Fatima (Apr 24, 2017 9:06 p.m.) (Question ID: 5030)

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  • Expenditure Method:

    GDP at MP =1000+500+(-20)+(200+60) =1740

    GNP at FC=1740+(-10)-80=1650

    Income Method:

    NDP at FC=400+800+250+150=1600

    GNP at FC=1600+(-10)+60=1650

    Answered by Supriyo Ghosh (Jul 01, 2017 2:06 p.m.)
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Will gift by employer to employee included in domestic income?

 

Posted by Mansi Mittal (Apr 17, 2017 8:27 p.m.) (Question ID: 4930)

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  • Gift by employee to employer will not be included in domestic income as gifts are unilateral transfers/transfer payments

    Answered by Prerna Dhingra (Apr 18, 2017 10:29 a.m.)
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Do we add net exports in net value added at factor cost??

Posted by Himanshu Goyal (Apr 16, 2017 3:36 p.m.) (Question ID: 4899)

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  • In Value added method, there is no direct addition of Net Exports while adding Net Value Added at Factor Cost. But we add exports in our Sales and import in Cost of Intermediate Consumption.

    Answered by Supriyo Ghosh (Jun 30, 2017 8:33 p.m.)
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  • In Value added method, there is no direct addition of New Exports while adding Net Value Added at Factor Cost. But we add exports in our Sales and import in Cost of Intermediate Consumption.

    Answered by Supriyo Ghosh (Jun 30, 2017 8:33 p.m.)
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What is Normative economic? 

Posted by Sanskriti Mishra (Apr 16, 2017 12:15 p.m.) (Question ID: 4898)

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  • normative economics is the study of that economic wchich deals with what is ought to be .It does nit deal with actual facts and figures.

     

    Answered by Mariya Aasim (May 30, 2017 10:54 p.m.)
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  • Normative Economics deals with what ought to be or how the Economic problem SHOULD be solved.

    eg: 1. Prices SHOULD not rise.

         2. India SHOULD not be an overpopulated country.

    Answered by Meghna Surana (Apr 16, 2017 3:24 p.m.)
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