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# Monopoly market is a market where there's only one seller of the commodity. # There are a number of buyers therefore no single buyer can affect the prices of the commodity, however in order to increase sales, the marketier has to decrease the prices,so the demand curve slopes downward. # There are a number of reasons for the monopoly element in the market,for eg,patents.

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Explain the law of variable proportion . Use diagram.

Posted by Yevisth Sharma 7 years, 1 month ago

CBSE > Class 11 > Economics

4 answers

Sakshi Sharma ??️??️??️ 7 years, 1 month ago

The law of variable proportions states that as the quantity of one factor is increased, keeping the other factors fixed, the marginal product of that factor will eventually decline.

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Sachin Yadav 7 years, 1 month ago

Law of Variable proportion states that as more and more units of the variable factor is combined with the fixed factor marginal product may initially rise but eventually a situation must come marginal product declines. marginal product may ultimately become zero or negative

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Amit Kumar Mahato 7 years, 1 month ago

The law says that marginal product of factor input intially rise's with it employment level but after reaching a certain level of employment it starts falling. The reason behind it is that as one factor is constant and other are changed the factor proportion become more and more suitable for production and MP(marginal price) rise's but after an certian level of employment the production process over used for the fixed factor with the variable factor. Assume Option:- ¡) One factor input is variable. ¡¡) All other factor are fixed. ¡¡¡) It is short period production. iv) Factor proportion is variable. v) Unit of vaeiable factor are homogenous and equally efficience. vi) Teching of production does not changes.

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Chesta Pawan Manchanda 7 years, 1 month ago

Law of variable proportion states that the marginal product firstly increases then decreases and finally become zero or negative

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micro ka best notes kaha sa milenge

Posted by Mohammad Hassan 7 years, 1 month ago

CBSE > Class 11 > Economics

1 answers

Chesta Pawan Manchanda 7 years, 1 month ago

The bestest notes you can make yourself and there is no website and other thing that can better than your self made notes

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What changes in total revenue will result in (I) a decrease in marginal revenue, and (ii) an increase in marginal revenue

Posted by Bhawana Tyagi 7 years, 1 month ago

CBSE > Class 11 > Economics

1 answers

Chesta Pawan Manchanda 7 years, 1 month ago

1) when marginal revenue decreases total revenue increases with decreasing rate.2) when marginal revenue increases total revenue increases with increasing rate.

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What is consumption ,production and distribution in statistics sense

Posted by Preeti Patel 7 years, 1 month ago

CBSE > Class 11 > Economics

1 answers

Chesta Pawan Manchanda 7 years, 1 month ago

The process of Usage goods and services for the satisfaction is called consumption. The process of producing goods and services with the motive of maximum profit is called production. Tge process of distributing income among labours is called distribution.

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Budget line is negatively slope. Prove it

Posted by Aditi Shrivastava 7 years, 1 month ago

CBSE > Class 11 > Economics

0 answers

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Define elasticity of demand and explain with the help of graph for each of elastic demand

Posted by Aditi Shrivastava 7 years, 1 month ago

CBSE > Class 11 > Economics

1 answers

Chesta Pawan Manchanda 7 years, 1 month ago

Elasticity of demand means change in demand due to change in price of the commodity and income of consumer. There are five cases of elasticity perfectly elastic, imperfect elastic, greater than 1, lower than one and elasticity is equal to one. These graph you can easily find in your book.

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Why law of demand is verified give example

Posted by Aditi Shrivastava 7 years, 1 month ago

CBSE > Class 11 > Economics

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what do you mean by ceteris paribus in law of demand explain

Posted by Aditi Shrivastava 7 years, 1 month ago

CBSE > Class 11 > Economics

4 answers

Aman K 7 years ago

It means other factor remain constant except price of a commodity

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Sakshi Sharma ??️??️??️ 7 years, 1 month ago

all other things remaining constant.'

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Chesta Pawan Manchanda 7 years, 1 month ago

Ceteris peribus means other factors or things like income or price remaining constant

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Amrit Kaur 7 years, 1 month ago

Ceteris paribus means other factor

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How to find d

Posted by Aakash Raj 7 years, 1 month ago

CBSE > Class 11 > Economics

1 answers

Chesta Pawan Manchanda 7 years, 1 month ago

Choose A from middle value series then subtract it from x

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If there are two demand curve intersecting each other which demand curve has greatee elasticity of demand

Posted by Shreeram Patel 7 years, 1 month ago

CBSE > Class 11 > Economics

1 answers

Chesta Pawan Manchanda 7 years, 1 month ago

If two demand curve intersect each other then the curve with higher slope will have high elasticity and the other one will be less elastic than higher slope demand curve.

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Hindi m nhi h

Posted by Tannu Sharma 7 years, 1 month ago

CBSE > Class 11 > Economics

0 answers

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Who is the father of stastics ?

Posted by Mohit Jain 7 years, 1 month ago

CBSE > Class 11 > Economics

2 answers

Sruthi Kadayam 7 years, 1 month ago

I think its "ACCHANWALL GOTTFRIED"

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Sakshi Sharma ??️??️??️ 7 years, 1 month ago

Ronald Aylmer Fisher

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Who is the father of Economics?

Posted by Nishu Nishu 7 years, 1 month ago

CBSE > Class 11 > Economics

2 answers

Nikhil Dwivedi 7 years, 1 month ago

Adam smith

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Sakshi Sharma ??️??️??️ 7 years, 1 month ago

ADAM SMITH

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What is personal brand

Posted by Nidhi Singh 7 years, 1 month ago

CBSE > Class 11 > Economics

0 answers

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Difference between microeconomic and macroeconomic.

Posted by Vijay Ruchal 7 years, 1 month ago

CBSE > Class 11 > Economics

2 answers

Preeti Patel 7 years, 1 month ago

In microeconomisc we study economy at individual level ex-a conumer ,a producer In macroeconimics we study as whole

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Nidhi Singh 7 years, 1 month ago

Individual level and macro is on whole

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What do you mean by production of cost

Posted by Harshit Kumar 7 years, 1 month ago

CBSE > Class 11 > Economics

1 answers

Abhishek Jain 7 years, 1 month ago

product cost generally refers to the financial costs incurred in the creation of a particular product. However, product cost can also be considered the cost of labor required to deliver a service. When you are coming up with a new idea one of the most important things you will need to figure out is the product cost.

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explain the law of dimnishing marginal utility with the help of a utility scheduled

Posted by Paras Bansal 7 years, 1 month ago

CBSE > Class 11 > Economics

2 answers

Nikhil Dwivedi 7 years, 1 month ago

When a consumer consume a particular commodity continuously then the utility derived from successive unit start diminishing

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Chesta Pawan Manchanda 7 years, 1 month ago

Law of diminishing marfinal utility states that if we consume more and more quantities of a commodity so marginal utility must decline with each and every successive unit.

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What is the difference between MRS And Bukitline

Posted by Khushi Agarwal 7 years, 1 month ago

CBSE > Class 11 > Economics

2 answers

Nikhil Dwivedi 7 years, 1 month ago

Mrs means marginal rate substitution .mrs refer to rate at which consumer consume one additional unit of another good

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Chesta Pawan Manchanda 7 years, 1 month ago

MRS is the ratio of sacrificed units to increase one more unit of another good. And I don't know what is buketline i think you are wrong i never heard about that.

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what is sub divided bar diagram

Posted by Satyam Pandey 7 years, 1 month ago

CBSE > Class 11 > Economics

1 answers

Sakshi Sharma ??️??️??️ 7 years, 1 month ago

In a sub-divided bar diagram each bar representing the magnitude of a given phenomenon is further sub-divided according to its various components. Each component occupies a part of the bar proportional to its share in the total

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what is simple bar diagram

Posted by Satyam Pandey 7 years, 1 month ago

CBSE > Class 11 > Economics

1 answers

Chesta Pawan Manchanda 7 years, 1 month ago

Graphical representation of data in the forms of bars is called simple bar diagram

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What is agreegrate demand

Posted by Peeyush Mahawar 7 years, 1 month ago

CBSE > Class 11 > Economics

1 answers

Chesta Pawan Manchanda 7 years, 1 month ago

Aggregate demand is the economic measurement of sum total of all produced goods and services , expressed as the total amount of money exchange for those goods

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Define an average and describes its chief properties

Posted by Sunny Kumar 7 years, 1 month ago

CBSE > Class 11 > Economics

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What is an economy?

Posted by Vijay Ruchal 7 years, 1 month ago

CBSE > Class 11 > Economics

3 answers

Nikhil Dwivedi 7 years, 1 month ago

It is a system by which people of an area earn their livelihood

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Sakshi Sharma ??️??️??️ 7 years, 1 month ago

It is a system by which people of an area earn their livelihood.

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Chesta Pawan Manchanda 7 years, 1 month ago

It is an system that help people to earn their living.

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Define bar diagram

Posted by Srishti ? 7 years, 1 month ago

CBSE > Class 11 > Economics

3 answers

Srishti ? 6 years, 11 months ago

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Amrit Kaur 7 years, 1 month ago

Bar diagrams means one dimensional diagram

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Chesta Pawan Manchanda 7 years, 1 month ago

Representation of data graphically in the forms of rectangular shapes is called bar diagram.

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Defenation of 1 highly elastic 2 highly inelastic 3 perfectly elatic 4 perfectly inelastic

Posted by Deepraj Sainee 7 years, 1 month ago

CBSE > Class 11 > Economics

2 answers

Sakshi Sharma ??️??️??️ 7 years, 1 month ago

1) When percentage change in quantity demanded is more than percentage change in price (3) When there is an infinite demand at a particular price and demand becomes zero at a slight rise in the price (4)When there is no change in demand with change in price

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Chesta Pawan Manchanda 7 years, 1 month ago

These definitions are given in book

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What happens to TE on a commodity when its price rises and its demand is elastic

Posted by Dhruvi Patel 7 years, 1 month ago

CBSE > Class 11 > Economics