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Can i get a sample paper of introductory microeconomics of chapter 1 and 2 only

Posted by Avika Singh Raghuvanshi 6 years, 4 months ago

CBSE > Class 11 > Economics

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"There are three kinds of lies-lies, damned lies and statistics." Explane the statement.

Posted by Noni Garg 6 years, 4 months ago

CBSE > Class 11 > Economics

2 answers

Sia ? 6 years, 4 months ago

Some of the reasons for the above remark "there are three lies-lie, damn lie and statistics",may be enumerated as follows :

Figures are innocent and believable, and the facts based on them are psychologically more convincing. But it is a pity that figures do not have the label of quality on their face.
Arguments are put forward to establish certain results which are not true by making use of inaccurate figures or by using incomplete data, thus distorting the truth.
Though accurate, the figures might be moulded and manipulated by dishonest and unscrupulous persons to conceal the truth and present a working and distorted picture of the facts to the public for personal and selfish motives.

Hence, if Statistics and its tools are misused, the fault does not lie with the science of Statistics. Rather, it is the people who misuse it, are to be blamed.

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Divyansh Shyam 3 years, 4 months ago

Statistics may be considered a lie due to following reasons: (i) Different kinds of Statistics are obtained in respect to a given problem. (ii) Statistics can be altered to match the predetermined conclusions. (iii) Authentic Statistics can also be presented in such a manner as to confuse the reader. (iv) When Statistics are collected in partial manner, the results are generally wrong. Consequently, people lose faith in them. In the words of Yule and Kendall, “Statistical methods sare most dangerous told in the hands of an inexpert.”

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What is marginal rate of transformation

Posted by Shruti Shukla 6 years, 4 months ago

CBSE > Class 11 > Economics

2 answers

Maheshwari Mansi 6 years, 4 months ago

marginal rate of transformation is the ratio of number of units of a commodity sacrifice to gain an additional unit of another commodity

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Shruti Shukla 6 years, 4 months ago

It is the type in which good y has to sacrifice for the production of good x

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What is consumer equlibrium

Posted by Rakshit Saluja 6 years, 4 months ago

CBSE > Class 11 > Economics

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Maheshwari Mansi 6 years, 4 months ago

consumer equilibrium refers to the situation when a consumer is having maximum satisfaction with limited income and as a no tendency to change his way of existing expenditure

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Yogita Ingle 6 years, 4 months ago

Consumer’s Equilibrium : A consumer is said to be in equilibrium when he maximizes his satisfaction, given his money income and prices of two commodity. He attains equilibrium at that point where the slope of IC is equal to the slope of budget line.

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"The reliability of sampling data means that the characteristics of the Universe are fully represented by the sample ".DO you agree with the statement ? Explain any three factors in support of this statement

Posted by Ansh Singhal 6 years, 4 months ago

CBSE > Class 11 > Economics

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In how many types is Discrete , continuous and Individual series is classified?

Posted by Juhi Upadhayay 6 years, 4 months ago

CBSE > Class 11 > Economics

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Approaches of utility

Posted by Avinash Mahant 6 years, 4 months ago

CBSE > Class 11 > Economics

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What are the central problems of economy

Posted by Dilpreet Singh 6 years, 4 months ago

CBSE > Class 11 > Economics

2 answers

Maheshwari Mansi 6 years, 4 months ago

What to produce how to produce and for whom to produce are the following Central problems of an economy

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Karuna Kashyap 6 years, 4 months ago

1.lack of resources or limited resources 2.unlimted wants 3.alternative use

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The price of elasticity of demand commodity x 6%

Posted by Janvi Choudhary 6 years, 4 months ago

CBSE > Class 11 > Economics

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Plzz show me how to do short cut method and step deviation method by showing a short video

Posted by Aaron Alwis 6 years, 4 months ago

CBSE > Class 11 > Economics

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Define statistics and its nature

Posted by Mithlesh Shrivastava 6 years, 4 months ago

CBSE > Class 11 > Economics

1 answers

Maheshwari Mansi 6 years, 4 months ago

statistics in singular sense may be defined as the collection presentation analysis and interpretation of numerical data

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What is demand? Explain all its types in detail.

Posted by Hensi Chelani 6 years, 4 months ago

CBSE > Class 11 > Economics

2 answers

Maheshwari Mansi 6 years, 4 months ago

demand is the quantity of a commodity that a consumer is willing and able to buy at each possible price during a given period of time

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Ram Bahadur Singh 6 years, 4 months ago

Demand>supply

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Why p1x1+p2x2<=y

Posted by Sunita Devi 6 years, 4 months ago

CBSE > Class 11 > Economics

1 answers

Jasmit Singh 6 years, 4 months ago

BhhhjhgugiH

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What are the qualities of good ayar

Posted by Pawan Chand 6 years, 4 months ago

CBSE > Class 11 > Economics

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Aggregate of facts means

Posted by Humana Hassan 6 years, 4 months ago

CBSE > Class 11 > Economics

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Scarcity causes economic problems.how

Posted by Nirmal Kumar 6 years, 4 months ago

CBSE > Class 11 > Economics

1 answers

Badal Raj 6 years, 4 months ago

Scarcity means shortage of resources in relation to their demand, which implies that resources are limited which have alternate uses. In this situation, every economy whether developed or developing has to face problem of choice i.e, how to utilise or select the resources in such a manner to satisfy maximum human unlimited wants. Which is known as economic problem.

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How do make questionaire..??

Posted by Ankit Kumar 6 years, 4 months ago

CBSE > Class 11 > Economics

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How do make questionnaire

Posted by Maskoor Khan 6 years, 4 months ago

CBSE > Class 11 > Economics

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Differentiate between primary and secondary data

Posted by Aditya Singh 6 years, 4 months ago

CBSE > Class 11 > Economics

1 answers

Karuna Kashyap 6 years, 4 months ago

Primary data- 1.This data is directly collected by the investigator from the informants. 2.It is the first hand data. 3.High degree of originality. 4.High degree of accuracy. 5.It takes a lot of time, large amount of money is required . Secondary data- 1.This data is collected from the existing data. 2.It is the second hand data. 3.Less degree of originality. 4.less degree of accuracy. 5.It takes less time,small amount of money.

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what are qualities of a good questionnaire?

Posted by Aman Khan 6 years, 4 months ago

CBSE > Class 11 > Economics

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what is data ?

Posted by Aman Khan 6 years, 4 months ago

CBSE > Class 11 > Economics

2 answers

Maskoor Khan 6 years, 4 months ago

Data is collected any numerical number

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Karan Srivastav 6 years, 4 months ago

Any information which can be written numerically is called data

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Material welfare definition

Posted by Mac Arif 6 years, 4 months ago

CBSE > Class 11 > Economics

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Explain briefly the methods of study statistics?

Posted by Arya Dewangan 6 years, 4 months ago

CBSE > Class 11 > Economics

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Discuss briefly the nature of statistics

Posted by Arya Dewangan 6 years, 4 months ago

CBSE > Class 11 > Economics

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What is merits of stratified random sampling?

Posted by Dipali Shrivastava 6 years, 4 months ago

CBSE > Class 11 > Economics

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what will likely be the impact of large scale inflow of foreign capital in india on ppc and why?explain with help of diagram.

Posted by Nikhil Kansal 6 years, 4 months ago

CBSE > Class 11 > Economics

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Define market demand .explain the factors that affect it?

Posted by Bhavya Rangera 6 years, 4 months ago

CBSE > Class 11 > Economics

3 answers

Maheshwari Mansi 6 years, 4 months ago

Factors affecting the market demand are price of the given commodity price of related goods income of consumer taste and preferences expectations of change in price in future size and composition of population season and weather distribution of income

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Maheshwari Mansi 6 years, 4 months ago

market demand refers to the quantity of a commodity that all consumers are willing to and able to buy at each possible price during a given period of time

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Bhavya Rangera 6 years, 4 months ago

Market demand or market demand schedule is a table showing different quantities

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Marks. No. Of student 0-10. 5 10-20. 10 20-30. 25 30-40. 30 40-50. 20 50-60. 10 solve using all methods

Posted by Arpita Singh 6 years, 4 months ago

CBSE > Class 11 > Economics

1 answers

Sandeep Ojha 6 years, 4 months ago

I don't understand the question ?????

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Explain consumer equilibrium in case of single commodity?

Posted by Priyanshu Chaurasia 6 years, 4 months ago

CBSE > Class 11 > Economics

1 answers

Sia ? 6 years, 4 months ago

The consumer will be in equilibrium in case of single commodity when following condition is satisfied:

{tex}\frac { \mathrm { MUx } } { \mathrm { Px } }{/tex} = MU_m
Where, MU_x= Marginal utility of good X
Px = Price of good X
MU_m= Marginal utility of money
Law of Diminishing Marginal utility (means consumption increases the marginal utility derived from each additional unit declines) must prevail.

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What are data

Posted by Himangshu Pal 6 years, 4 months ago

CBSE > Class 11 > Economics

3 answers

Sia ? 6 years, 4 months ago

Sources of secondary data Published

Govt.publication
semi-govt.publication
Reports of committees & commissions
Private publicationse.g.,Journals and Newspapers research institute,publication of trade association.
International publications

Unpublished Sources : The statistical data needn’t always be published.There are various sources of unpublished statistical material such as the records maintained by private firms,business enterprises, scholars,research workers,etc.They may not like to release their data to any outside agency.

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Harshil Chhajer 6 years, 4 months ago

Economic facts are called ss data

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Dipali Shrivastava 6 years, 4 months ago

Any economic facts in the terms of number is called data. Data is a tool which provide information to understand the problem.

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