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    • Posted by Ragu Balan 5 years, 11 months ago

    CBSE > Class 11 > Economics
    • 0 answers
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    • Posted by Ayush Kumar 5 years, 11 months ago

    CBSE > Class 11 > Economics
    • 1 answers

    Riddhi Pasari 5 years, 10 months ago

    Average Revenue(AR)= Total Revenue(TR)/ Quantity; AR= Price×Quantity/Quantity; (as TR= price×quantity) Quantity gets cut by quantity Hence, AR=Price

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    • Posted by Sk Kumar 5 years, 11 months ago

    CBSE > Class 11 > Economics
    • 0 answers
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    • Posted by Disha Sharma 5 years, 11 months ago

    CBSE > Class 11 > Economics
    • 0 answers
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    • Posted by Rajesh Kumar 5 years, 11 months ago

    CBSE > Class 11 > Economics
    • 0 answers
    ANSWER

    • Posted by Rohit Singh 5 years, 11 months ago

    CBSE > Class 11 > Economics
    • 0 answers
    ANSWER

    • Posted by Ankit Mishra 5 years, 11 months ago

    CBSE > Class 11 > Economics
    • 1 answers

    Yogita Ingle 5 years, 11 months ago

    The functional relationship between physical inputs (or factors of production) and output is called production function. It assumed inputs as the explanatory or independent variable and output as the dependent variable. Mathematically, we may write this as follows:

    Q = f (L,K)

    Here, ‘Q’ represents the output, whereas ‘L’ and ‘K’ are the inputs, representing labour and capital (such as machinery) respectively.

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    • Posted by Vanshika Singh 5 years, 11 months ago

    CBSE > Class 11 > Economics
    • 1 answers

    Yogita Ingle 5 years, 11 months ago

    Producer equilibrium  refers to the state where a producer is earning maximum possible profit by producing a particular level of output. This state is referred to as 'equilibrium' because a producer has no incentive to move away from this point, as such deviation will reduce his/her profit.

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    • Posted by Rajendra Jadham 5 years, 11 months ago

    CBSE > Class 11 > Economics
    • 1 answers

    Sia ? 4 years, 5 months ago

    Normative economics focuses on the value of economic fairness, or what the economy "should be" or "ought to be." While positive economics is based on fact and cannot be approved or disapproved, normative economics is based on value judgments.

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    • Posted by Rashmi Mahoriya 5 years, 11 months ago

    CBSE > Class 11 > Economics
    • 1 answers

    Yogita Ingle 5 years, 11 months ago

    Equilibrium refers to a state of rest when no change is required. A firm (producer) is said to be in equilibrium when it has no inclination to expand or to contract its output. This state either reflects maximum profits or minimum losses.
    According to MC=MR approach, As long as MC is less than MR, it is profitable for the producer to go on producing more because it adds to its profits. He stops producing more only when MC becomes equal to MR.
    When MC is greater than MR after equilibrium, it means producing more will lead to decline in profit.

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    • Posted by Tenzin Nyichae 5 years, 11 months ago

    CBSE > Class 11 > Economics
    • 2 answers

    Vivek Patil 5 years, 11 months ago

    Market is a an arrangement through which buyers and sellers trade with one another where one sells good and other one purchases the good.

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    Hiral Jain 5 years, 11 months ago

    Market is a mechanism or arrangment through which Buyer and seller of a commodity came into contact with one another and complete the act of sales and purchase of commodity on mutually agreed price

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    • Posted by Umadevi Uma 5 years, 11 months ago

    CBSE > Class 11 > Economics
    • 0 answers
    ANSWER

    • Posted by Mehak Talwar 5 years, 11 months ago

    CBSE > Class 11 > Economics
    • 1 answers

    Yogita Ingle 5 years, 11 months ago

    Lorenz Curve is a curve which measures the distribution of wealth and income. Now it is also used for the study of the distribution of profits, wages etc.

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    • Posted by Divender Singh 5 years, 11 months ago

    CBSE > Class 11 > Economics
    • 0 answers
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    • Posted by Sailesh Sundar 5 years, 11 months ago

    CBSE > Class 11 > Economics
    • 1 answers

    Sailesh Sundar 5 years, 11 months ago

    Super question thalav potu superb

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    • Posted by Sondeep Teja 5 years, 11 months ago

    CBSE > Class 11 > Economics
    • 0 answers
    ANSWER

    • Posted by Aayush Sharma 5 years, 11 months ago

    CBSE > Class 11 > Economics
    • 1 answers

    Sondeep Teja 5 years, 11 months ago

    It is the quality or state of being rational

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    • Posted by Shagufta Jabeen 5 years, 11 months ago

    CBSE > Class 11 > Economics
    • 1 answers

    Jaskaran Singh 5 years, 1 month ago

    yes ofcourse

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    • Posted by Roshni Jha 5 years, 11 months ago

    CBSE > Class 11 > Economics
    • 3 answers

    Sunaina Bisht 5 years, 11 months ago

    They arise due to:- 1. unlimited wants 2. Resources having alternative uses.

    0Thank You

    Virat Dwivedi 5 years, 11 months ago

    central problems arise due to unavailability /scarcity of resources

    0Thank You

    Himani Sharma 5 years, 11 months ago

    Due to scarity

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    • Posted by Arun Kannan 5 years, 11 months ago

    CBSE > Class 11 > Economics
    • 0 answers
    ANSWER

    • Posted by Jaat Rana 5 years, 11 months ago

    CBSE > Class 11 > Economics
    • 0 answers
    ANSWER

    • Posted by Paras Sharma 5 years, 11 months ago

    CBSE > Class 11 > Economics
    • 0 answers
    ANSWER

    • Posted by Vikas Deep 5 years, 11 months ago

    CBSE > Class 11 > Economics
    • 1 answers

    Yogita Ingle 5 years, 11 months ago

    Basis for Differentiation Microeconomics Macroeconomics
     

     

    Meaning

    		 Microeconomics studies the particular market segment of the economy Macroeconomics studies the whole economy, that covers several market segments
    Deals with? Microeconomics deals with various issues like demand, supply, factor pricing, product pricing, economic welfare, production, consumption, etc., Macroeconomics deals with various issues like national income, distribution, employment, general price level, money, etc.,
    Business Application Applied to internal issues Environment and external issues
    Scope Covers several issues like demand, supply, factor pricing, product pricing, economic welfare, production, consumption, etc. Covers several issues like distribution, national income, employment, money, general price level, etc.,
    Significance Useful in regulating the prices of a product alongside the prices of factors of production (labour, land, entrepreneur, capital, etc) within the economy Perpetuates firmness in the broad price level and solves the major issues of the economy like deflation, inflation, rising prices (reflation), unemployment and poverty as a whole
    Limitations It is based on impractical presuppositions, i.e. In microeconomics, it is presumed that there is full employment in the community which is not at all feasible It has been scrutinized that Misconception of Composition’ incorporates, which sometimes fails to prove accurate because it is feasible that what is true for aggregate (comprehensive) may not be true for individuals too

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    • Posted by Sagar Rawal 5 years, 11 months ago

    CBSE > Class 11 > Economics
    • 1 answers

    Yashika Chaudhary 5 years, 11 months ago

    Marginal opportunity cost refers to the units to be sacrificed of one good to produce additional unit of another good.so,it is given by the following formula: MOC=sac. Of one good/gain of another good. Acc. To this ques.,sac is 5 units and gain is 2 units,So,MOC will be 5/2=2.5.

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    • Posted by Atul Bharti 5 years, 11 months ago

    CBSE > Class 11 > Economics
    • 1 answers

    Arun Kannan 5 years, 11 months ago

    Budget set refers to all the bundles the consumer can afford with the given income , either by fully spending the income or even less than that But budget line takes only those bundles which is consumed by spending all his income/money completely

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    • Posted by Atul Bharti 5 years, 11 months ago

    CBSE > Class 11 > Economics
    • 2 answers

    Kunal Goswami 5 years, 11 months ago

    When there is change in the price of the commodity and other factors are constant, then it refers to Change in Demand. When there is change in other factors and the price of commodity is constant, it is called change in Quantity Demand.

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    Yogita Ingle 5 years, 11 months ago

    CHANGE IN QUANTITY SUPPLIED CHANGE IN SUPPLY
    It is the change in supply due to change in own price of the commodity. It is the change in total supply due to change in all the other factors of supply.
    It occur due to constant of other factors of supply and only increase or decrease in own price of the commodity It occurs due to change in all determinants of supply except own price.
    It creates upward or downward movement along a supply curve. It creates leftward or rightwards shift in supply curve.

     

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    • Posted by Atul Bharti 5 years, 11 months ago

    CBSE > Class 11 > Economics
    • 1 answers

    Divya Solanki 5 years, 11 months ago

    Change in demand is occur due to change in other factors like change in taste and preferences of consumers, change in substitute goods etc. but not bue to its own price . Change in quntity demanded is occur due to change in its own price .

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    • Posted by Atul Bharti 5 years, 11 months ago

    CBSE > Class 11 > Economics
    • 1 answers

    Sailesh Sundar 5 years, 11 months ago

    Theriyala thambi unnaku theriyala eeeeeee..................

    1Thank You

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    • Posted by Atul Bharti 5 years, 11 months ago

    CBSE > Class 11 > Economics
    • 0 answers
    ANSWER

    • Posted by Atul Bharti 5 years, 11 months ago

    CBSE > Class 11 > Economics
    • 1 answers

    Yogita Ingle 5 years, 11 months ago

    MRT is the rate at which the units of one good have to be sacrificed to produce one more unit of the other good in a two goods economy. Suppose an economy produces only two goods X and Y. Further suppose that by employing these resources fully and efficiently, the economy produces 1X + 10Y. If the economy decides to produce 2X, it has to cut down production of Y by 2 units. Then 2Y is the opportunity cost of producing 1X. Then 2Y : 1X is the MRT.

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