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

In case of fall in input price, Marginal Cost will decline. Accordingly, producer will supply more of the commodity at its existing price. This implies a forward shift in supply curve or increase in supply, at same level of price.

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Give one reason for decrease in supply of a commodity

Posted by Riya Ram 6 years, 8 months ago

CBSE > Class 11 > Economics

3 answers

Shaina Rajput 6 years, 8 months ago

Decrease in input price

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Sakshi Sharma??️??️ 6 years, 8 months ago

Decrease in price

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Suprita Roy 6 years, 8 months ago

Increase in the price of related goods

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Draw a frequency polygon fromthe following by using histogram weight 30-34 3,35-39 5

Posted by Tanmay Khanna 6 years, 8 months ago

CBSE > Class 11 > Economics

0 answers

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What is CPI ? {In 6 marks}

Posted by Suprita Roy 6 years, 8 months ago

CBSE > Class 11 > Economics

1 answers

Sahil Jain 6 years, 8 months ago

Consumer price index. A consumer price index measures changes in the price level of market basket of consumer goods and services purchased by households. The CPI is a statistical estimate constructed using the prices of a sample of representative items whose prices are collected periodically. Sub-indices and sub-sub-indices are computed for different categories and sub-categories of goods and services, being combined to produce the overall index with weights reflecting their shares in the total of the consumer expenditures covered by the index. It is one of several price indices calculated by most national statistical agencies. The annual percentage change in a CPI is used as a measure of inflation. A CPI can be used to index the real value of wages, salaries, pensions, for regulating prices and for deflating monetary magnitudes to show changes in real values. In most countries, the CPI, along with the population census, is one of the most closely watched national economic statistics.

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What is distribution in three component of economic activity

Posted by Karun Kumar 6 years, 8 months ago

CBSE > Class 11 > Economics

0 answers

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Define decrease in demand what causes it?

Posted by Khushi Gupta 6 years, 8 months ago

CBSE > Class 11 > Economics

0 answers

ANSWER

Whai is collection of data?

Posted by Narayan Dadhich 6 years, 8 months ago

CBSE > Class 11 > Economics

1 answers

Yaser Siddiquee 6 years, 8 months ago

Data collection is the process of gathering and measuring information on targeted variables in an established system, which then enables one to answer relevant questions and evaluate outcomes.

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What is the shape of ppc

Posted by Ishi Virk 6 years, 8 months ago

CBSE > Class 11 > Economics

3 answers

Sakshi Sharma??️??️ 6 years, 8 months ago

Concave (sloping downward)

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Ishika Gupta 6 years, 8 months ago

Concave slope

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Arshdeep Kaur Sidhu 6 years, 8 months ago

Convave

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Why ppc curve slopes downward ?

Posted by Vaibhav Sharma 6 years, 8 months ago

CBSE > Class 11 > Economics

1 answers

Vishnu Kaushik 6 years, 8 months ago

Because of negative relation b/w two goods.

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Explain relationship between tu mu

Posted by Gaurav Sankhat 6 years, 8 months ago

CBSE > Class 11 > Economics

1 answers

Arshdeep Kaur Sidhu 6 years, 8 months ago

When tu is increases at increasing rate, mu increases When tu is maximum, mu is zero When tu increasing at diminishing rate, mu decreases

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What is the reason for rightward shift in Ppf

Posted by Harshith Bs 6 years, 8 months ago

CBSE > Class 11 > Economics

1 answers

Sakshi Sharma??️??️ 6 years, 8 months ago

Increase in resources and enhancement in technology

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Budget set definition

Posted by Sha Kir 6 years, 8 months ago

CBSE > Class 11 > Economics

4 answers

Sakshi Sharma??️??️ 6 years, 8 months ago

Budget set is the set of all possible combinations of the two goods which a consumer can afford , given his income and prices in the market.

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Arshdeep Kaur Sidhu 6 years, 8 months ago

A budget set is a set of attainable combination of dgoods and services, given price and income of the consumer

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Gaurav Seth 6 years, 8 months ago

The set of bundles available to the consumer is called the budget set. The budget set is the collection of all bundles that the consumer can buy with her income at the prevailing market prices. It is represented by the following condition of inequality: P1x1 + P2x2≤M.

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Shaina Rajput 6 years, 8 months ago

A budget set or opportunity set includes all possible consumption bundles that someone can afford given the prices of goods and the person's income level.

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What are the assumptions of transformation curve ?

Posted by Pallavi Gehlot 6 years, 8 months ago

CBSE > Class 11 > Economics

1 answers

Chahat Dudeja 6 years, 8 months ago

resources are given. given resources are fully and efficiently utilised. technology remains constant.

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Explain the implication of product differentiation in monopolistic competition ?

Posted by Vishnu Kaushik 6 years, 8 months ago

CBSE > Class 11 > Economics

1 answers

Gaurav Seth 6 years, 8 months ago

(i) Product differentiation It is a distinct feature of monopolistic competition. A product is often differentiated by way of trademarks and brand names. The differentiated products are close substitutes of each other like Colgate and closeup toothpaste.
Because of product differentiation, each firm can influence its price. So that, each firm has a partial control over price of its product.
(ii) Free entry or exit of firms : Firms are free to enter the industry or leave it. However, new firms have no absolute freedom of entry into industry. Products of some firms may be legally patented. New firms cannot produce those products, e.g. no rival firm can produce or sell a patented item like Woodland shoes.

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Explain the condition of consumer's equilibrium with the help of indifference curve analysis

Posted by Aahuti Dodiya 6 years, 8 months ago

CBSE > Class 11 > Economics

1 answers

Chahat Dudeja 6 years, 8 months ago

1.MRS= price of good X /price of good Y. 2. ic is convex to the point of equilibrium.

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The average marks of 39 students of a class is 50. The marks obtained by 40th studentare 39 more than average marks of all the 40 student find the mean of all the 40 student

Posted by Mahak Hayer 6 years, 8 months ago

CBSE > Class 11 > Economics

2 answers

Sakshi Sharma??️??️ 6 years, 8 months ago

It's not 15 . It's 51

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Ankush Kumar 6 years, 8 months ago

Mean is 15

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Explain law of return to scale ?

Posted by Vishnu Kaushik 6 years, 8 months ago

CBSE > Class 11 > Economics

1 answers

Ankush Kumar 6 years, 8 months ago

Purchase return

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imperfect competition is price taker and industry is price maker ? why ?

Posted by Vishnu Kaushik 6 years, 8 months ago

CBSE > Class 11 > Economics

1 answers

Neha _ 6 years, 8 months ago

In perfect competition firm is price taker and industry is price maker because a single saler and buyer are not in a position to influence prices (because there share in market is very small ) so they have to accept the pices determine by demand and supply forces . In your question it will be perfect comp. in place of imperfect comp.

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Difference between normal goods and substitute goods

Posted by Ojas Tyagi 6 years, 8 months ago

CBSE > Class 11 > Economics