CBSE > Class 11 > Economics | CBSE Board | Homework Help

In case of inferior goods price increase causes increase in demand. Let's take an example BMW car is counted in inferior goods if its price decreases then the buyers whose demand is inelastic will shift to an another good and its demand will decrease then seller will have to increase its price to increse its demand

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Chapter 8 producers equlibreum notes

Posted by Pradyumn K Dubey 6 years, 11 months ago

CBSE > Class 11 > Economics

1 answers

Chesta Pawan Manchanda 6 years, 11 months ago

You don't have to make notes just remember conditions in MR and MC approach and break even and shut down point.

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What is the marginal product of an input

Posted by Shubhi Shukla 6 years, 11 months ago

CBSE > Class 11 > Economics

2 answers

Pagal? Panti? 6 years, 11 months ago

Hlw..

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Gaurav Seth 6 years, 11 months ago

Marginal product of an input is explained as the change in output per unit of change in the input when all other inputs are held unchanged. When capital is held unchanged, the marginal product of labour is :

MPL = Change in output / Change in input

∆TPL / ∆L

Since inputs cannot take negative values, marginal product is unexplained at zero degree of input employment. For any degree of an input, the sum of marginal products of every foregoing unit of that input gives the total product. So total product is the sum of marginal products.

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How to cover the whole syllabus of microeconomics? The main concepts of chapters, main questions, terms etc.

Posted by Khushboo Chaudhary 6 years, 11 months ago

CBSE > Class 11 > Economics

2 answers

Khushboo Chaudhary 6 years, 11 months ago

Thank you

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Chesta Pawan Manchanda 6 years, 11 months ago

Each and every chapter has it's own weightage. But you have to clear all the topics.

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There are total 50 student in the classroom.and median marks is 27.5. If 60% of student pass this examination, find out the minimum marks obtained by the pass students.

Posted by Shivangi Astha 6 years, 11 months ago

CBSE > Class 11 > Economics

1 answers

Pagal? Panti? 6 years, 11 months ago

?????

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Discuss any six common goals of development plans in India

Posted by Champa Das 6 years, 11 months ago

CBSE > Class 11 > Economics

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Define base rear

Posted by Tushar Madaik 6 years, 11 months ago

CBSE > Class 11 > Economics

2 answers

Chesta Pawan Manchanda 6 years, 11 months ago

If yes so the answer is , base year is that year which use to compare prices of a good from current year to find index

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Chesta Pawan Manchanda 6 years, 11 months ago

Are you asking about base year?

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How many chapters are coming in jaipuriya vidyalya PT3

Posted by Raghav Ghiya 6 years, 11 months ago

CBSE > Class 11 > Economics

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What is producer equilibrium

Posted by Clever Krish Kuber 6 years, 11 months ago

CBSE > Class 11 > Economics

1 answers

Aditya Mishra 6 years, 11 months ago

Producer eculibirium refer to the.. A producer produce a good those period time. Then consumer mu is 0

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Law of variable proportion

Posted by Ajaz Ansari 6 years, 11 months ago

CBSE > Class 11 > Economics

1 answers

Sakshi Sharma ??️??️??️ 6 years, 11 months ago

The law of variable proportion states that if the inputs of one resource is increased by equal increment per unit of time while the inputs of other resources are held constant, total output will increase, but beyond some point the resulting output increases will become smaller and smaller. ??☺️?

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A consumer consumes only two goods. Explain consumers equilibrium with the help of utility analysis

Posted by Shifa Ansari 6 years, 11 months ago

CBSE > Class 11 > Economics

1 answers

Chesta Pawan Manchanda 6 years, 11 months ago

Mux/px=Muy/Py=Mum

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What is the relationship between the different types of goods with the help of law of demand

Posted by Shifa Ansari 6 years, 11 months ago

CBSE > Class 11 > Economics

1 answers

Chesta Pawan Manchanda 6 years, 11 months ago

Normal goods have negative relation between them as their price increase cause decrease in demand. Inferior goods hace positive relation between them as their prices increase demad also increase.

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price elasticity of demand of a good is -1 when it rises per unit fall by one rupee is demand Rises from 16 to 18 units .calculate its price before change.

Posted by Aarthi S 6 years, 11 months ago

CBSE > Class 11 > Economics

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A consumer buys 10kg od rice at rs40per kg. Price elasticity of demand is -1. How much quantity of it demanded if the price rise to 50 per kg.

Posted by Aarthi S 6 years, 11 months ago

CBSE > Class 11 > Economics

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What is supply curve

Posted by Neha Kumari 6 years, 11 months ago

CBSE > Class 11 > Economics

2 answers

Pagal? Panti? 6 years, 11 months ago

Hlw..

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Sakshi Sharma ??️??️??️ 6 years, 11 months ago

Supply curve is graphic representation of the relationship between product price and quantity of product that a seller is willing and able to supply.

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Law of veriable prportion

Posted by Kartik Singh Rawat 6 years, 11 months ago

CBSE > Class 11 > Economics

1 answers

Yogita Ingle 6 years, 11 months ago

The law of variable proportion states that as we increase the quantity of only one input, keeping other inputs fixed, the total product increases at an increasing rate (convex shape) in the beginning, then increases at diminishing rate (concave shape) and after a level of output ultimately falls.

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What are law's of supply

Posted by Sunny Rajput 6 years, 11 months ago

CBSE > Class 11 > Economics

1 answers

Aditi Gurjar 6 years, 11 months ago

Law of supply states that other things remaining constant , quantity supplied increases with increase in own price of a commodity and vise versa....

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What is explict cost

Posted by Ayush Kaushik 6 years, 11 months ago

CBSE > Class 11 > Economics

1 answers

Yogita Ingle 6 years, 11 months ago

Explicit cost refers to the expenditures incurred or payments made by a firm to various factors of production and also non-factors of production. These costs are recorded in the books of account as they deal with the expenditure incurred on the tangible items. These costs are also called as ‘out of the pocket expenses’. For example, payments in the form of wages for labour, rent for building.

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What is the difference between expansion and contraction of supply

Posted by Nitika Kumari 6 years, 11 months ago

CBSE > Class 11 > Economics

2 answers

Sakshi Sharma ??️??️??️ 6 years, 11 months ago

Gaurav seth how you insert the images on this app

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Gaurav Seth 6 years, 11 months ago

Expansion of supply, like that of demand, refers to a movement along the supply curve in response to changes in price. A rise in price, other things remaining same, leads to a rise in supply. Refer to Figure 2.22(a).

Increase in supply refers to a downward to right shift in the supply curve resulting from a favourable change in one of the shift factors. The shift factors, here, are all the determinants of supply except the price of the product offered by the market.

For instance, if an improvement in technology or an advanced technology is adopted, more will be produced and supplied at the same price. In like manner, if input prices fall or subsidy is granted, production cost declines and more can be produced and supplied at the same price. An increase in supply generally leads to a downward parallel shift in the supply curve. Refer to Fig. 2.22(b).

<a href="http://www.shareyouressays.com/wp-content/uploads/hindi/What-is-Expansion-of-Supply-and-Contract_9B12/clip_image002.jpg"></a>

Contraction of supply:

Contraction of supply is just opposite of its expansion. A fall in price offered leads to a fall in supply. It results in a downward movement along the supply curve. Refer to figure 2.23(a). Likewise, decrease in supply is just opposite of an increase in it. An unfavorable change in one of the shift factors leads to an upward to left shift in the supply curve. As mentioned earlier, the shift factors refer to all the other determinants of supply except the price offered by the market for the product. For instance, a rise in input prices, or a levy of excise duty raises the production cost and hence lowers the supply despite no change in price offered for the product by the market. Refer to Figure 2.23(b).

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Explain the law of variable proportion with the help of schedule and graph

Posted by Chetan Raghuwanshi 6 years, 11 months ago

CBSE > Class 11 > Economics

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What is difference between Lorenz curve and Line graph?

Posted by ☘Megha Seervi☘ 6 years, 11 months ago

CBSE > Class 11 > Economics

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What is the maening of airthematic mean

Posted by Aarnav Shankar 6 years, 11 months ago

CBSE > Class 11 > Economics

1 answers

☘Megha Seervi☘ 6 years, 11 months ago

The average of a set of numerical values as calculated by adding them together and dividing by no. of terms in the set.

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Discuss the reasons of central problems of an economy

Posted by Shifa Ansari 6 years, 11 months ago

CBSE > Class 11 > Economics

1 answers

Ankit Prasar 6 years, 11 months ago

Reason for central problem of economy is that resources are limited in nature and wants are unlimited so we have to decide that how to use the limited resources to fulfill the maximum wants and for that reason we classify central problem in 3 part what to produce ,how to produce ,and for whom .

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Anyone can explain market equilibrium?

Posted by Vanshika Bansal 6 years, 11 months ago

CBSE > Class 11 > Economics

1 answers

Aman K 6 years, 11 months ago

Market equilibrium is a situation where all buyers and sellers are ready to buy and sell the commodity at a particular price OR It is a situation where market demand is equal to market supply.

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is old formula of karl pearson for corelation is applicabe for all types of data or situations or not?

Posted by Ranjeet Kaur 6 years, 11 months ago

CBSE > Class 11 > Economics

2 answers

Ranjeet Kaur 6 years, 11 months ago

old formula is:- summation of xy _________________ number of items*standard deviation of x *standard deviation of y

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Himanshu Jha 6 years, 11 months ago

What is old formula ? For that ?

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Hyyyyyyy????

Posted by Shivi Tripathi 5 years, 7 months ago

CBSE > Class 11 > Economics

2 answers

Himani ?? 6 years, 11 months ago

???

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Ranjeet Kaur 6 years, 11 months ago

what is your question

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Degree of price control??

Posted by Samarth Maheshwari 6 years, 11 months ago

CBSE > Class 11 > Economics

1 answers

Chesta Pawan Manchanda 6 years, 11 months ago

Price control is a type of control that is made up by government to control the price of a commodity. That is of two types price flooring and price ceiling.

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How would you classify statistical tables into primary and derivative tables?

Posted by Arpi Purkayastha 6 years, 11 months ago

CBSE > Class 11 > Economics