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

Consumer equilibrium refers to the condition in which he buys a commodity in such way that give him maximum satisfaction and he feels no urge to change.yji

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What is called random sampling ? Write merits and demerits .

Posted by Saif Khan 6 years, 2 months ago

CBSE > Class 11 > Economics

1 answers

Anshul Jain 6 years, 2 months ago

Iska answer book me h- sandeep garg

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What is an indifference curve analysis?

Posted by Sravani Gadi 6 years, 2 months ago

CBSE > Class 11 > Economics

2 answers

Lavi Kapoor 6 years, 2 months ago

It is a graphical representation of various possible combinations that give same level of satisfaction to consumer.

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Saif Khan 6 years, 2 months ago

It is a locus of all such point show the diffrerent combination of two goods yeilding the same level of satisfaction .

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What do you mean by bank draft ?

Posted by Sakshi Negi 6 years, 2 months ago

CBSE > Class 11 > Economics

1 answers

Yogita Ingle 6 years, 2 months ago

Bank draft: Bank draft is a payment instrument which is drawn by a bank’s branch instructing another branch to pay the specified amount to the person (or organisation) named in the bank draft. Another branch on which the bank draft is drawn is located at a different place. It is just like a bank cheque in format. Bank draft is used for making payment to a party located at a place different from the place of person making the payment. For getting a bank draft, a person must deposit amount of bank draft and commission for issuing the bank draft. Although in general, banks charge commission for issuing bank draft, they provide this free of charge to certain category of current account holders.

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Latest sample papers for 2019-2020

Posted by Mukesh Mishra 6 years, 2 months ago

CBSE > Class 11 > Economics

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Plz anyone give explanation of three stages of production

Posted by Kashmiri Mittal 6 years, 2 months ago

CBSE > Class 11 > Economics

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What is syllebus of economic

Posted by Aditya Sharma 6 years, 2 months ago

CBSE > Class 11 > Economics

2 answers

Aditya Sharma 6 years, 2 months ago

Thanks

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Sneha Singh 6 years, 2 months ago

Statistics: chapter 1(introduction) to chapter 8 (arithmetic mean) Microeconomics: chapter 1(introduction) to chapter 5(production function)

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When price of a good is ₹13 per unit, the consumer buys 11 units of that good. When price rises to ₹15 per unit the consumer continues to buy 11 units. Calculate price elasticity of demand. Help me please.

Posted by Divakar Kumar 6 years, 2 months ago

CBSE > Class 11 > Economics

4 answers

Lavi Kapoor 6 years, 2 months ago

Ed=O

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Saif Khan 6 years, 2 months ago

PEd = 0

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Divakar Kumar 6 years, 2 months ago

I asked to calculate the P.eD. price elastic demand .

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Rishi Ranjan 6 years, 2 months ago

Demand will be same and price of good will increase

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Explain 5 factors that affect price elasticity of demand

Posted by Hamza Affan 6 years, 2 months ago

CBSE > Class 11 > Economics

1 answers

Anchal Shukla 6 years, 2 months ago

1.nature of commodity :luxuries have more elastic demand as compared to comforts, whereas, necessities have less elastic demand. 2.availability of substitutes :demand is more elastic in case of more substitutes. 3.income level :demand is more elastic in case of lower income groups. 4.level of price :expensive goods are more elastic. 5.time period :demand tends to be more inelastic in short term than in long term.

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Write 3 advantages of tabulation

Posted by Manish Sharma 6 years, 2 months ago

CBSE > Class 11 > Economics

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Can market demand increase without the increase in individual demand

Posted by Eshita Shalya 6 years, 2 months ago

CBSE > Class 11 > Economics

0 answers

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What is a economy

Posted by Arpan Tyagi 6 years, 2 months ago

CBSE > Class 11 > Economics

4 answers

Lavi Kapoor 6 years, 2 months ago

Economy is a system which provides people means to work and earn living

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Anuradha Nitin 6 years, 2 months ago

Economy is the system which was spread in particular area through which people earn their livelihoods

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Wangchu Gengla 6 years, 2 months ago

According to my understanding, it is a framework in which all the economic activities of a country can be described.

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Roshan Prince 6 years, 2 months ago

An economy is a system by which People get their living

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What do you mean by classification of data

Posted by Harshal Keshwani 6 years, 2 months ago

CBSE > Class 11 > Economics

1 answers

Yogita Ingle 6 years, 2 months ago

An important method of organization of data is to distribute data into different classes on the basis of their characteristics. This process is known as Classification of Data. Classification is the grouping of related facts into classes or groups. Unorganized or shapeless data can neither be easily compared nor interpreted. The technique of arranging the data in different homogeneous groups is known as Classification.
According to Horace Secrist, "Classification is the process of arranging data into sequence and groups according to their common characteristics or separating them into different but related parts.

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explain the law of variable proportion with proper schedule and diagram

Posted by Devender Pal 6 years, 2 months ago

CBSE > Class 11 > Economics

1 answers

Sia ? 6 years, 2 months ago

Law of variable proportion states the impact of change in units of a variable factor on the physical output. When more and more units of a variable factor are combined with a fixed factor then total product increases at increasing rate in the beginning, then increases at decreasing rate and finally it starts falling.
Phase I : TP increases at an increasing rate.
Phase II : TP increases at diminishing rate.
Phase III : TP falls.
Behaviour of MP
Phase I: MP increases and becomes maximum.
Phase II: MP decreases and becomes zero.
Phase III: MP becomes negative

<th scope="col">Machine</th> <th scope="col">Unit of Labour</th> <th scope="col">TPP (Unit)</th> <th scope="col">MPP(Unit)</th>

1	1	3	3
1	2	7	4
1	3	12	5
1	4	16	4
1	5	19	3
1	6	21	2
1	7	22	1
1	8	22	0
1	9	21	-1

First Phase : TPP increases with increasing rate upto A point. MPP also increase and becomes maximum at point C.
Second Phase : TPP increases with diminishing rate and it is maximum at point B. MPP start to decline and becomes zero at D point.
Third Phase : TPP starts to decline and MPP becomes negative.

Important instruction for giving the answer of above question.
Do not use diagram for the explanation of this question if it is instructed to use schedule and do not use schedule if the explanation of this question asked with the help of diagram.
Do not explain the behaviour of marginal product with the help of schedule and diagram. If there is instruction to explain only the behaviour of total product.
Do not explain the behaviour of total product with help of schedule and diagram if there is instruction to explain only the behaviour of marginal product.

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What is the small sampling?

Posted by Diksha Srivastava 6 years, 2 months ago

CBSE > Class 11 > Economics

4 answers

Yamini ✌ ? 6 years, 2 months ago

I dont know aur apko mil jye to plz mujhe bhi btana

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Bhavesh Manikpuri 6 years, 2 months ago

N is small sampling for 30 items

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Harsh Maurya 6 years, 2 months ago

Yo i tell you what is small sampling

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Harshal Keshwani 6 years, 2 months ago

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Question based on multiple bar diagram

Posted by Aman Singh 6 years, 2 months ago

CBSE > Class 11 > Economics

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State the law of variable proportion

Posted by Pouii Chouhan 6 years, 2 months ago

CBSE > Class 11 > Economics

1 answers

Gaurav Seth 6 years, 2 months ago

The law of variable proportion states that as we increase the quantity of only one input, keeping other inputs fixed, the total product increases at an increasing rate (convex shape) in the beginning, then increases at diminishing rate (concave shape) and after a level of output ultimately falls.

2. Assumptions of Law of Variable Proportions
(a) Only one input is variable, the other is held constant or fixed.
(b) It is possible to change the proportion in which the factor units are combined.
(c) It assumes a short run.
(d) The state of technology is given and remains unchanged.
(e) Price of factors of production do not change.

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Syllabus of government school economics pf class 11th

Posted by Shivam Sharma 6 years, 2 months ago

CBSE > Class 11 > Economics

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Define revenue.

Posted by Saniya Khan 6 years, 2 months ago

CBSE > Class 11 > Economics

2 answers

Wangchu Gengla 6 years, 2 months ago

The amount of money a firm receives from the sale of goods and services produced by it, is known as revenue.

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Saniya Khan 6 years, 2 months ago

Revenue of a firm is its money receipts from the sale of its product

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Define money cost.

Posted by Saniya Khan 6 years, 2 months ago

CBSE > Class 11 > Economics

2 answers

Pranay Gour 6 years, 2 months ago

It refers to the total money expense incurred by a firm in producing a commodity

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Saniya Khan 6 years, 2 months ago

It refers to the total money expenses incurred by a firm in producing a commodity.

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What is mean by air polution

Posted by Samar Borbo Samar Borbo 6 years, 2 months ago

CBSE > Class 11 > Economics

1 answers

Sia ? 6 years, 2 months ago

Presence of unwanted gases and dust particles in air is called air pollution.

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Explain the meaning of consumer equilibrium with the help of a table and diagram

Posted by Mayuresh ... 6 years, 2 months ago

CBSE > Class 11 > Economics

2 answers

Yamini ✌ ? 6 years, 2 months ago

But hum ise diagramatically kaise show krein plz tell me

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Lavi Kapoor 6 years, 2 months ago

Consumer equilbrim refers to the situation when he purchases a commodity in such way that give him maximum satisfaction and he feels no urge to change.it is the position of rest as he doesn't want to purchase 1 more or 1 less of that.

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Define saturation point?

Posted by Samiksha Budhia 6 years, 2 months ago

CBSE > Class 11 > Economics

1 answers

Lavi Kapoor 6 years, 2 months ago

It is the point of maximum satisfaction

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Define cost of production?

Posted by Saniya Khan 6 years, 2 months ago

CBSE > Class 11 > Economics

1 answers

Saniya Khan 6 years, 2 months ago

It refers to the expenditure incurred on input used in the production process.

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What cause a downward movement along a demand curve?

Posted by Saniya Khan 6 years, 2 months ago

CBSE > Class 11 > Economics

1 answers

Saniya Khan 6 years, 2 months ago

Fall in price of the commodity.

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What is market demand curve?

Posted by Saniya Khan 6 years, 2 months ago

CBSE > Class 11 > Economics

2 answers

Wangchu Gengla 6 years, 2 months ago

The curve that represents the amount of a good that the consumer is willing to buy at different prices is known as market demand curve.

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Saniya Khan 6 years, 2 months ago

Market demand curve of a good is locus of point represents the quantity of a good all buyers of that good are willing to buy at a given price during a given period of time, other things being equal.

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What is difference between scarcity and limited

Posted by Anuradha Nitin 6 years, 2 months ago

CBSE > Class 11 > Economics