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What is Marginal Rate of Transformation? Explain with the help of example

Posted by Mahak Bansal 6 years, 1 month ago

1 answers

Yogita Ingle 6 years, 1 month 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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what do you mean by Karl Pearson coefficient of correlation and method ?

Posted by Md. Ashraf 6 years, 1 month ago

CBSE > Class 11 > Economics

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Devansh Pandey 6 years, 1 month ago

Karl Pearson was a scientist who discover a formula to solve statistics

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Explain with the help of a total product cruve the meaning of increasing return to a factor.

Posted by Tauseef Raza 6 years, 1 month ago

CBSE > Class 11 > Economics

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Yogita Ingle 6 years, 1 month ago

In a given state of technology when the units of variable factors are increased with the units of other fixed factors, the marginal productivity increases, it is called law of increasing returns

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A consumer consumes only two goods XandY and is in equilibrium.show that when the price of good Y falls,demand of Y rises.Answer this question with the help of utility analysis.

Posted by Ankit Jain 6 years, 1 month ago

CBSE > Class 11 > Economics

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If the demand and supply of a commodity both increase the equilibrium price may not change may increase may decrease Explain using diagrams

Posted by Gopal Dua 6 years, 1 month ago

CBSE > Class 11 > Economics

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Important relationships in PRODUCTION and COST chapter

Posted by X Y 6 years, 1 month ago

CBSE > Class 11 > Economics

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Application of statistics for economic growth

Posted by Subhoshree Mazumdar 6 years, 1 month ago

CBSE > Class 11 > Economics

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Difference b/w supply and stock

Posted by Sagar Sangwan 6 years, 1 month ago

CBSE > Class 11 > Economics

1 answers

Sia ? 6 years, 1 month ago

Supply	Stock
Supply refers to the quantity of a commodity which is actually brought into the market for sale.	Stock means the total volume of commodity which can be brought into the market for sale.
It indicates only actual sale incurred in the market and is expressed in terms of flow of goods per time period.	It indicates potential supply in the market. It is not expressed in terms of flow of goods per time period.

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Tp mp and ap in single diagram

Posted by Kanishka Chauhan 6 years, 1 month ago

CBSE > Class 11 > Economics

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State the objects of classification

Posted by Siva Kumar 6 years, 1 month ago

CBSE > Class 11 > Economics

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Difference between Implicit Cost and Explicit Cost

Posted by Smidhi Mehra 6 years, 2 months ago

CBSE > Class 11 > Economics

2 answers

Nida Anjum 6 years, 1 month ago

Implicit cost is opportunity cost of using self-owned inputs. Explicit cost is a opportunity cost of purchasing inputs from the market.

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Parul Jain 6 years, 1 month ago

implied cost, or notional cost, is the opportunity cost equal to what a firm must give up in order to use a factor of production for which it already owns and thus does not pay rent. It is the opposite of an explicit cost, which is borne direct An explicit cost is a direct payment made to others in the course of running a business, such as wage, rent and materials, as opposed to implicit costs, where no actual payment is made.

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What is normal goods

Posted by Dilbag Maan 6 years, 2 months ago

CBSE > Class 11 > Economics

2 answers

Kuldeep Soni 6 years, 1 month ago

Normal goods refers to those goods whose demand increase with increase in income of consumer. There is direct relationship between income of consumer and demand for normal goods.

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Prem Kumar 6 years, 1 month ago

Normal goods are those goods which demand inrease in response to the increase in income of the consumers

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Questions 16 th chapter 8th

Posted by Repu Dhaliwal 6 years, 2 months ago

CBSE > Class 11 > Economics

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There are large numbers of sellers in a perfectly competitive market. Explain the significance of this feature

Posted by Harpalsinh Jadeja 6 years, 2 months ago

CBSE > Class 11 > Economics

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Arthshastra atle su

Posted by Mukesh Prajapati 6 years, 2 months ago

CBSE > Class 11 > Economics

4 answers

Tanya Joshi?? 6 years, 2 months ago

What is this??

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Harsh Mishra 6 years, 2 months ago

Hey, Deep you're in 11th or 10th????

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Unique Girl.. ? 6 years, 2 months ago

Question not understood dear

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Unique Girl.. ? 6 years, 2 months ago

What

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The demand function of a commodity is given by Qx equal to 20 mins 3Px. Fund out the value of Px, when corresponding value of Qx are given as:5 ,8 ,11and 14.

Posted by Reet Kaur Bhatia 6 years, 2 months ago

CBSE > Class 11 > Economics

1 answers

Sambri Pandit 6 years, 2 months ago

Given, Qx=20-3Px When Px=5,then 5=20-3Px 5-20=-3Px -15=-3Px -15÷-3=Px 5=Px or, Px =5 Then...put value in each step

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Firm sector

Posted by Aman Deep 6 years, 2 months ago

CBSE > Class 11 > Economics

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Vanshika Singh 6 years, 2 months ago

Notes on chapter 5, theory of demand

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What is modernization

Posted by Lathasmg Smg 6 years, 2 months ago

CBSE > Class 11 > Economics

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Barsha Chakraborty 6 years, 1 month ago

Modernization is the current term for an old process—the process of social change whereby less developed societies acquire characteristics common to more developed societies. The process is activated by international, or intersocietal, communication.

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Explain? What to producr

Posted by Bishal Chhetri 6 years, 2 months ago

CBSE > Class 11 > Economics

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According to syllabus.. in chapter... introduction(stats).... Limitations of stats are not considered but it is included in notes................ We have to study limitations or not???

Posted by Ak 47 6 years, 2 months ago

CBSE > Class 11 > Economics

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Zoya Ali 6 years, 2 months ago

Limitations are given in sandeep garg book

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Whether the data represented by a component bar diagram can also be represented by a pie chart? explain

Posted by Anil Kumar 6 years, 2 months ago

CBSE > Class 11 > Economics

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Factor affecting price elasticity of demand

Posted by Aman Malani 6 years, 2 months ago

CBSE > Class 11 > Economics

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Rashi ? Gupta 6 years, 2 months ago

Nature of commodity, availability of substitutes , Share in total expenditure or part of income spent on commodity, Different uses of commodity, Possibility to postpone the consumption, Income of the consumer, Consumers habits, Time period ,price level

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An unemployed person, Ramesh is looking for a job. He received 2 Job offers. One for 20,000 from ICICI and other for 15,000 from HDFC .wgat is the opportunity cost if he acceptsthe offer of ICICI

Posted by Tarushree Saxena 6 years, 2 months ago

CBSE > Class 11 > Economics

2 answers

Mukul Mittal 6 years, 2 months ago

15,000 becoz it is the second best choice or it is the sacrifice for new cost.

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Rashi ? Gupta 6 years, 2 months ago

Opportunity cost of ramesh is 15000 which he is sacrifice for 20000 job

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What is opportunity cost

Posted by Ojas Verma 6 years, 2 months ago

CBSE > Class 11 > Economics

3 answers

Zoya Ali 6 years, 2 months ago

The next best opportunity that is foregone example working as sales manager salary 80000 rather than working as sales manager salary 75000

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Rashi ? Gupta 6 years, 2 months ago

Opportunity cost of an activity is equal to the next best alternative which is sacrificed or given up in choosing a given alternative

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Yogita Ingle 6 years, 2 months ago

Opportunity cost in economics can be defined as benefits or value missed out by business owners, small businesses, organization, investors, or an individual because they choose to accomplish or achieve anything else. It helps organizations in better decision-making by showing the lost opportunity because of investing over an alternative which can be anything like shares, stock market, real estate, land, services, etc. Generally, the financial report does not show the opportunity cost because it is not only about money or monetary cost. It is also associated with the lost time invested somewhere else which is providing utility. In simple terms, it is a concept in microeconomics that tells you about the output and potential opportunities foregone.

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What is the latest syllabous for economics in commerce ? ?

Posted by Mansi Shrivastav 6 years, 2 months ago

CBSE > Class 11 > Economics