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

1) What to produce - this problem involves selection of goods and services to be produce and the quantity to be produce of each selection commodity. Every economy has limited resources and it can not produce all the good. Example - production of more sugar is possible only by reducing the production of other good.so an economy has to decide which good should be produce and in what quantity 2) How to produce - this problem refers to technique to be used for production of good and services. Techniques are classified as-labour intensive techniques (LIT) and capital intensive techniques (CIT) 3.For whom to be produce - this problem relates to the distribution of produced goods and services among the individuals within the economy that is selection of category of people who will ultimately consume the goods. Whether these distribution of good for more poor and less rich or more rich and less poor

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Vedant Goyal 5 years, 9 months ago

1. What to produce? Ans. It refers to selection of goods and services and quantity to be produced of each selected commodity.

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ANSWER

What do you mean by utility?

Posted by Shalini N 5 years, 9 months ago

CBSE > Class 11 > Economics

5 answers

Nivethitha Gopinathan 5 years, 9 months ago

Utility is the want satisfying power of a commodity

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Saloni Maheshwari 5 years, 9 months ago

Want satisfying power of a commodity

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Aditee Shree 5 years, 9 months ago

Want satisfying power of a commodity

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Adiii Agrawal 5 years, 9 months ago

Satisfying power of commodity

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A. Zainab 5 years, 9 months ago

The want satisfying capacity of a commodity

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ANSWER

When price of a good falls rupee 5 to rupee3 per unit, its demand rises by 40%.calculate its price elasticity of demand

Posted by Stark Honey 5 years, 9 months ago

CBSE > Class 11 > Economics

0 answers

ANSWER

Father economic

Posted by Brijesh Pandey 5 years, 9 months ago

CBSE > Class 11 > Economics

3 answers

Arpan Mondal 5 years, 9 months ago

Narendra modi

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Nivethitha Gopinathan 5 years, 9 months ago

ADAM SMITH

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Adiii Agrawal 5 years, 9 months ago

Ronald A fisher

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ANSWER

Mention important measures of dispersion.

Posted by Manoranjan Behera 5 years, 9 months ago

CBSE > Class 11 > Economics

2 answers

Jatin Kukreja 5 years, 9 months ago

All measures are important

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Yogita Ingle 5 years, 9 months ago

Measures of Dispersion:
(i) Range: Range is defined as the difference between two extreme observations i.e. the largest and the smallest value.
(ii) Inter quartile range: Inter quartile range is the difference between upper quartile and lower quartile.
(iii) Quartile deviation or Semi-Inter-quartile range: Quartile deviation is known as half of difference of third quartile and first quartile . It is also known as semi inter quartile range.
(iv) Mean deviation: Mean deviation/average deviation is the arithmetic mean of the deviations of various items from their average (mean, median or mode) generally from the median.
(v) Standard Deviation: Standard deviation is the best and widely used measure of dispersion. Standard deviation is the square root of the arithmetic mean of the squares of deviation of its items from their arithmetic mean.
(vi) Lorenz curve : The Lorenz curve devised by Dr. Max O. Lorenz is a graphic method of studying dispersion.

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Why afc curve is hyperpola

Posted by Simran Sharma 5 years, 9 months ago

CBSE > Class 11 > Economics

0 answers

ANSWER

Difference b/w change in supply and change in quantity supplied

Posted by Atul Kumar 5 years, 9 months ago

CBSE > Class 11 > Economics

1 answers

Jatin Kukreja 5 years, 9 months ago

This is very long answer please search on google

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ANSWER

Mention properties of range?

Posted by Sujata Rewale 5 years, 9 months ago

CBSE > Class 11 > Economics

0 answers

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Demerits and merits of mode?

Posted by Shrishti Pawar 5 years, 9 months ago

CBSE > Class 11 > Economics

1 answers

Sweety Kumari 5 years, 9 months ago

It is very easy and simple to calculate

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ANSWER

The coefficientof elasticityof supply of a commodity is 2. A seller supplies 20 units of commodity at a price of rs. 10per unit. Calculate the quantity supplied when price rises by rs. 10

Posted by Arjun Singh 5 years, 9 months ago

CBSE > Class 11 > Economics

1 answers

Arjun Singh 5 years, 9 months ago

Answer is 40

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ANSWER

Merit and demerit of mode

Posted by Rahul Paswan 5 years, 9 months ago

CBSE > Class 11 > Economics

1 answers

Sweety Kumari 5 years, 9 months ago

It is not rigidly defined

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ANSWER

Merit and demerit of median

Posted by Rahul Paswan 5 years, 9 months ago

CBSE > Class 11 > Economics

0 answers

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How price equilibrium determine in perfect competition?

Posted by Kishan Kumar 5 years, 9 months ago

CBSE > Class 11 > Economics

1 answers

Vishu Thind 5 years, 9 months ago

A point where market demand and market supply of a commodity become equal, that is known as price equilibrium.

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Mean deviation to median and mode

Posted by Vickey Bundekar 5 years, 9 months ago

CBSE > Class 11 > Economics

0 answers

ANSWER

What is returns to factor and returns to scale?

Posted by Yodhvir Singh 5 years, 9 months ago

CBSE > Class 11 > Economics

0 answers

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Formulas of partition values

Posted by Jarang Brahma 5 years, 9 months ago

CBSE > Class 11 > Economics

0 answers

ANSWER

Purpose of a budget

Posted by Kiran Nikumbh 5 years, 9 months ago

CBSE > Class 11 > Economics

1 answers

Neeraj Arora 5 years, 9 months ago

Is a big deal

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ANSWER

When price falls with rise in output TR is when MR is 0

Posted by Khishu Yadav 5 years, 9 months ago

CBSE > Class 11 > Economics

0 answers

ANSWER

mean deviation and standard deviation which measures the dispersion you will be perfect to use?

Posted by Anshu Yadav 5 years, 9 months ago

CBSE > Class 11 > Economics

0 answers

ANSWER

After every 10 years information regarding population of india is calculated through

Posted by Sai Waikar 5 years, 9 months ago

CBSE > Class 11 > Economics

2 answers

Anshul Rathore 5 years, 9 months ago

Census of india collects the data and publishes it after every 10 years

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Vishu Thind 5 years, 9 months ago

Census of india

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Explain consumer equibrillium indifference curve analysis?

Posted by Tisha Mehndi 5 years, 9 months ago

CBSE > Class 11 > Economics

1 answers

Vishu Thind 5 years, 9 months ago

In reference to IC .. consumer is said to be in equilibrium when the ratio of marginal utility and price of two commodities become equal.. Means..at that point a consumer gets maximum satisfaction within his budget or income... Hope u understood..

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Infrastructure contribute to economic development of a country, do you agree with the given statement ? Give reason in support your answer

Posted by Nandani Sharma 5 years, 9 months ago

CBSE > Class 11 > Economics