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What is production function

Posted by Chatty Bhardwaj 7 years, 2 months ago

CBSE > Class 11 > Economics

1 answers

Keshav Bindal 7 years, 2 months ago

It studies the functional relationship between physical input and physical output.

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Explain the effect of the demand :- (1) Increase in a income of a consumer (2) Rise in a price of subsitute goods

Posted by Rohit Gomber 7 years, 2 months ago

CBSE > Class 11 > Economics

1 answers

Keshav Bindal 7 years, 2 months ago

(1) Increase in income cause increase in demand for normal goods and decrease in demand for inferior goods. (2) Rise in price of Substitute goods causes increase in demand for the commodity.

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Ed=-1.25 P=10 to 8 Calculate % change in demand

Posted by Jitu Choudhary 7 years, 2 months ago

CBSE > Class 11 > Economics

2 answers

Keshav Bindal 7 years, 2 months ago

25%

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Rohit Gomber 7 years, 2 months ago

25%

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Write a short note on sensex?

Posted by Ujjwal Singh 7 years, 2 months ago

CBSE > Class 11 > Economics

0 answers

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Write a short note on sansex

Posted by Ujjwal Singh 7 years, 2 months ago

CBSE > Class 11 > Economics

0 answers

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Difference between opportunity cost and maarginal opportunity cost

Posted by Royal Raja 7 years, 2 months ago

CBSE > Class 11 > Economics

0 answers

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What is the service provider?

Posted by Prince Vishwakarma 7 years, 2 months ago

CBSE > Class 11 > Economics

0 answers

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Reasons for increasing returns Reasons for diminishing returns Reasons for negative returns

Posted by Lydia Evangelyn 7 years, 2 months ago

CBSE > Class 11 > Economics

0 answers

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difference between inferoir and normal goods?

Posted by Yusuf Ansari 7 years, 2 months ago

CBSE > Class 11 > Economics

1 answers

Yash Gupta 7 years, 2 months ago

Inferior goods are those goods whose demand increses with decrease in income of consumer and vice versa Normal goods are those goods whosse demand increases with increase in income of the consumer and vice versa

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define tebulation? explain its merit.

Posted by Yusuf Ansari 7 years, 2 months ago

CBSE > Class 11 > Economics

0 answers

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First term syllabus of economics

Posted by Aman Singh 7 years, 2 months ago

CBSE > Class 11 > Economics

1 answers

Priya Rawat 7 years, 2 months ago

ch 1 To 9 are coming in first term in statistics

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why statistics does not study the qualitative aspect of a problem ?

Posted by Nikita Singh 7 years, 2 months ago

CBSE > Class 11 > Economics

1 answers

Yash Gupta 7 years, 2 months ago

Bcoz qualitative aspects can not be measured in numerical terms

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You have unlimited wants and limited resources to satisfy them. Explain by giving examples.

Posted by Neer Raj Rai 7 years, 2 months ago

CBSE > Class 11 > Economics

1 answers

Ritika Singh 7 years, 2 months ago

We the human beings always want more of anything. If we have Nano car we will think of buying Swift nd after buying swift we will think of Audi.This is human's nature.So our demands or wants are unlimited.And a person has fixed income or money upto some limit.No one can buy everything from that money. Even Ambani cannot do so.With 500₹ one can buy school bag for himself or can buy new t-shirt for frnd's bddy party. So this suggests that human wants are unlimites while means are limited.hope u will get help from this.

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Explain scarcity in simple language?

Posted by Priyanshu Prajapati 7 years, 2 months ago

CBSE > Class 11 > Economics