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What is statistical table? Explain briefly tha main characteristics of a good statistical table.

Posted by Sahil Kumar 5 years, 5 months ago

CBSE > Class 11 > Economics

1 answers

Sk Mann 5 years, 5 months ago

thlksru

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What is production possibility curve

Posted by Being Human 6 years, 3 months ago

CBSE > Class 11 > Economics

1 answers

Yogita Ingle 6 years, 3 months ago

It is a graphical representation of all the possible combinations of two goods that can be produced by optimum (fuller) utilization of available resources and given technology.
It gives us the maximum limit of goods & services that could be produced so, it is also known as Production Possibility Boundary or Production Possibility Frontier (PPF).

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Difference Between postive or normative

Posted by Aman Negi 6 years, 3 months ago

CBSE > Class 11 > Economics

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Harman Sran 6 years, 3 months ago

Positive economic related with past, present, future. It may be true or false . And in normative economic related with opinion economist economic problems. It involve only opinions does not true or false. It involves value judgements.

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Deeya Malhotra 6 years, 3 months ago

Positive Economics is the real description of the economics it shows what and how the economic problems are actually solved it is not based upon individuals opinion. For example India is facing poverty Normative economics shows that how the economic problem should be solved it did not give a real description it is based on individual opinions for example India should take some steps to poverty

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Difference Between sample and census method

Posted by Aman Negi 4 years, 5 months ago

CBSE > Class 11 > Economics

1 answers

Sia ? 4 years, 5 months ago

Sr.No.	Census Method (survey)	Sr.No.	Sample Method
(1)	In census survey, information is collected from each and every unit of the population.	(1)	In sample survey, information is collected from a few selected unit of the population.
(2)	It is very expensive and time-consuming.	(2)	It is less expensive and less time-consuming.
(3)	It is suitable where the field of investigation is small.	(3)	It is suitable where the field of investigation is large.
(4)	It is more accurate and reliable.	(4)	It is less accurate and less reliable.
(5)	It rules out the possibility of any personal biases.	(5)	It holds the chance of personal biases in the selection of samples.

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An economy produces two goods, wheat and cloth. calculate 5he MOC of producing more cloth in place of wheat at various combinations. Draw the production possibility curve for it. wheat (in kg)- 100, 90, 70, 40, 10, 0 cloth (in metres)- 0, 40, 60, 65, 80, 88

Posted by Aaliya Shyju 6 years, 3 months ago

CBSE > Class 11 > Economics

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an economy produces two goods, wheat and cloth. calculate the MOC of producing more cloth in place of wheat at various combinations. draw the production possibility curve for it.

Posted by Aaliya Shyju 6 years, 3 months ago

CBSE > Class 11 > Economics

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Explain any three factor which affect the supply of a commodity

Posted by Rajju Dhve 6 years, 3 months ago

CBSE > Class 11 > Economics

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What is mean by producers equilibrium? Explain the ways through which producer can maximize his profit

Posted by Rajju Dhve 6 years, 3 months ago

CBSE > Class 11 > Economics

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What do you understand by the increasing returns to scale

Posted by Rajju Dhve 6 years, 3 months ago

CBSE > Class 11 > Economics

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Explain the relationship between marginal product and average product

Posted by Rajju Dhve 6 years, 3 months ago

CBSE > Class 11 > Economics

2 answers

Khushi Delio 6 years, 3 months ago

When MP>AP ap rises When MP=AP AP minimum When MP<AP ap decreases

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Gaurav Seth 6 years, 3 months ago

The marginal product (MP) and average product (AP) initially increase and then decrease due to the operation of the Law of Diminishing Marginal Returns. As long as MP is higher than AP, AP increases. At the highest point of AP, i.e. when AP is at its maximum, MP is equal to AP. When MP becomes lesser than AP, AP also starts to fall. Thereafter, both AP and MP fall, but MP becomes negative and AP remains positive. Also, MP falls at a faster rate as compared to AP.

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A consumer buys 10 units of a good at a price of Rs 6 per unit. Price Elasticity of Demand is (-) 1. At what price will he buy 12 units.Use expenditure approach of Price Elasticity of Demand to answer this question.

Posted by Patel Feza 6 years, 3 months ago

CBSE > Class 11 > Economics

0 answers

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Indian economy chapter is not ther

Posted by C. Mabusab 6 years, 3 months ago

CBSE > Class 11 > Economics

0 answers

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If demand curve is rectangular hyperbola.ED is greater than 1???

Posted by Aku Kumari 6 years, 3 months ago

CBSE > Class 11 > Economics

1 answers

Gaurav Seth 6 years, 3 months ago

When percentage change in the quantity demanded is equal to percentage change in price, then demand for such a commodity is said to be unitary elastic. In this case, Ed = 1 and the demand curve is a rectangular hyperbola. Rectangular hyperbola is a curve under which the total area at all points will be the same.

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Calculate the missing class interval from the following distribution: Class interval- below20 ;20-50 ;50-90 ;90-140; more than 140 Frequency - 7;12;16;2;4

Posted by Ankit Choudhary 6 years, 3 months ago

CBSE > Class 11 > Economics

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Briefly explain about tabulation of data

Posted by Comdey Masti 6 years, 3 months ago

CBSE > Class 11 > Economics

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What is the censess and sample method ,is it can be say like published or un published . ??? If ate you aggree then why and not then also why ????????? ???? Please try to answer fully if you are able then

Posted by Aarav Mishra 6 years, 3 months ago

CBSE > Class 11 > Economics

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What is elastricity of demand

Posted by Ayush Kumar 6 years, 3 months ago

CBSE > Class 11 > Economics

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Define classification describe briefly main objective

Posted by Monisha Saha 6 years, 3 months ago

CBSE > Class 11 > Economics

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Scarcity and choise go together explain.

Posted by Archana Sharma 6 years, 3 months ago

CBSE > Class 11 > Economics

1 answers

Sia ? 6 years, 3 months ago

Scarcity refers to the basic economic problem, the gap between limited – that is, scarce – resources and theoretically limitless wants. Resources are not only scarce but also have alternative uses i.e., land can be used for producing wheat or for constructing warehouses or factories. Hence, it leads to a problem of choice. However, if resources were not scarce one could have anything, anytime and then there would have been no problem of choice.

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What are the features of good questonaries

Posted by Aman Negi 6 years, 3 months ago

CBSE > Class 11 > Economics

2 answers

????? ??? 6 years, 3 months ago

I know only one remaining you see in side book

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????? ??? 6 years, 3 months ago

Multiple choice of question in questionnaire

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What is Microeconomics?define

Posted by Sagar Chaudhary 6 years, 3 months ago

CBSE > Class 11 > Economics

2 answers

Silla Gayatri 6 years, 3 months ago

Microeconomics deals with the economic issues of an individual not the country as a whole.

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Ashish Dhiman 6 years, 3 months ago

Microeconomics deals with economic issues related to small economic units the word has been write from the greek word is 'Micro's. an individual firm, an individual household, or an individual customer is known as microeconomics.

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Whate are measurement error and recording mistakes

Posted by Aarav Mishra 6 years, 3 months ago

CBSE > Class 11 > Economics

1 answers

Aarav Mishra 6 years, 3 months ago

MISTAKE ERROR 1) The scale of measurement happens to be different for different enumerator ,and 2) different enumerators may be allowing different degree of approximation in their measure ment ,even while using identical scales.

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Difference between tu and mu ....

Posted by Aachal Gupta 6 years, 3 months ago

CBSE > Class 11 > Economics