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  • 1 answers

Keshav Bindal 7 years, 7 months ago

P rise = 10% Q fall =- 40% Ed = (-) %Change in QD/%Change in P = (-) -40/10 = 4
  • 3 answers

Kapil Upadhyay 7 years, 7 months ago

Scarcity

Aman Raj 7 years, 7 months ago

What to produce? How to produce?For whom to produce?

Dhanashri Kadam 7 years, 7 months ago

Economic crises
  • 3 answers

Sakshi Sharma ??️??️??️ 7 years, 7 months ago

OC is the cost of next best alternative forgone.

Kapil Upadhyay 7 years, 7 months ago

Ppc is the possible combination of two goods that can be produced with the help of given resources and technology.

Kapil Upadhyay 7 years, 7 months ago

Oc is the next best alternative foregone
  • 1 answers

Manas Sen 7 years, 7 months ago

Gbsgvghhh
  • 2 answers

Preeti Yadav 7 years, 7 months ago

Limited resources and unlimited wants

Dhanashri Kadam 7 years, 7 months ago

Less amount of resource
  • 2 answers

Shivani Rathore 7 years, 7 months ago

Sampling errors and non sampling error

Dhruv Choudhary 7 years, 7 months ago

Hlo
  • 2 answers

Alisha Wadhwa 7 years, 7 months ago

A situation in which consumer gets maximum satisfaction with limited income and no way to change its existing expenditure.

Kapil Upadhyay 7 years, 7 months ago

A situation in which a consumer gets a max. Satisfaction
  • 1 answers

Sapna Pandey Sapna Pandey 7 years, 7 months ago

consumer equilibrium means that situation we can a feel of maximum satisfaction from units
  • 1 answers

Joya Chatterjee 7 years, 7 months ago

Those sample which can be selected randomly like - a lottery ticket.
  • 1 answers

Sakshi Sharma ??️??️??️ 7 years, 7 months ago

Positive economics deals with economic issues related to past , present or future. It deals with such economic situation which can be studied by using facts and figures.
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  • 1 answers

Shivani Tiwari 7 years, 7 months ago

Micro-economic is the study of the behavior of individual economic unit such as price determination of a commodity, behavior of a consumer a producer or a firm. Macro economics is the study of the aggregate and averages relating to the whole economy, eg total employment, national income, general price level, etc.
  • 1 answers

Komal Yadav 7 years, 7 months ago

Macro mean large it deal with economic related to the economy as a whole ex aggregate demand, aggregate supply Micro mean small it deals with economic issues related to small economic units ex an individual consumer and an individual producer
  • 1 answers

Komal Yadav 7 years, 7 months ago

MR is constant through the curve than ppc downward sloping straight line
  • 2 answers

Skb Sahil 7 years, 7 months ago

POSITIVE economy is that eco. Which can be verfiable for ex. Population of india is 132 crore. NORMATIVE is that eco. Which cant be verifiable for ex. What ought to be etc.

Deepika Praveen 7 years, 7 months ago

Positive economics is objective and fact based, while normative economics is subjective and value based. Positive economic statements must be able to be tested and proved or disproved. Normative economic statements are opinion based, so they cannot be proved or disproved.

  • 1 answers

Chanchal Singh 7 years, 7 months ago

The scope of statistics in now a days that firstly collect a data related to our nation and compare with last year's data. And check how can we improve in our technology,and how much developed our country.(NOTE :- THIS INFORMATION IS IN A GENERAL WAY NOT AS A SUBJECT.)
  • 1 answers

Dhanuja Shri 7 years, 7 months ago

Consumer’s Equilibrium : A consumer is said to be in equilibrium when he maximizes his satisfaction, given his money income and prices of two commodity. He attains equilibrium at that point where the slope of IC is equal to the slope of budget line. Condition of Consumer’s Equilibrium (a) Cardinal approach (Utility Analysis) : According to this approach utility can be measured. “Utils” is the unit of utility. Condition (i) In case of one community Where, MUm = Marginal utility of money MUx = Marginal utility of ‘x’, Px = Price of ‘x’ (ii) In case of two commodity. xy and MU must be decreasing units MUx MUy MUx/Px MUy/Py 1 36 40 12 10 2 33 36 11 9 3 30 32 10 8 4 27 28 9 7 5 24 24 8 6 6 21 20 7 5 Assumption, Px= Rs.3 Py=Rs.4 Y=Rs.20 Here, MUm= 9 (b) Ordinal approach (Indifference Curve Analysis): According to this approach utility cannot be measured but can be expressed in order or ranking. Condition of Equilibrium: (i) or budget line must be tangent to indifference curve. (ii) MRS must be diminishing or, Indifference curve must be convex to the origin. Quantity Demanded : It is that quantity which a consumer is able and is willing to buy at particular price and in a given period of time. Determinants of Demand: a). Price of Good b). Income of Consumers c). Taste & Preference of Consumer d). Change in Price of Related Goods e). Future Expectation to Change in price Change of Demand : a) Change in quantity Demanded or Movement along Demand curve b) Change in Demand or Shift in Demand Market Demand :It is the total quantity of the commodity demanded in the market by all consumers at different prices at a point of time. Demand Function :It is the functional relationship between the demand for a commodity and factors affecting demand.
  • 4 answers

Alisha Wadhwa 7 years, 7 months ago

Economics is a art of science in which consumer wants to satisfy their wants,producer wants to maximize their profit and society wants social welfare.

Ritika Mahur 7 years, 7 months ago

It is the service which studies human behaviour as a relationship between given end and scarce means which have alternative uses.

Ritika Mahur 7 years, 7 months ago

The study of man in the ordinary business.

Dhanuja Shri 7 years, 7 months ago

Economics is the study of how people and society choose to employ scarce resources that could have alternative uses in order to produce various commodities that satisfy their wants and to distribute them for consumption among various persons and group in society
  • 1 answers

Vedangi Bartaria 7 years, 7 months ago

Microeconomics and macroeconomics are the subject matter
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  • 1 answers

Madhav Bro 7 years, 7 months ago

What do prouduce,how do produce,For whom do produce
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  • 2 answers

Kapil Upadhyay 7 years, 7 months ago

Because last year microeconomics is a 12th class book for getting notes of micro you should register 12th class this year books were replaced .

Aman Khan 7 years, 7 months ago

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