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    • Posted by Gautam Verma 7 years ago

    CBSE > Class 11 > Economics
    • 1 answers

    Yogita Ingle 7 years ago

    The following three people explained the Law of Variable Proportions:

    1. “As the proportion of the factor in a combination of factors is increased after a point, first, the marginal and then the regular product of that factor will diminish.” Benham
    2. “An increase in some inputs relative to other fixed inputs will in a given state of technology cause output to increase, but after a point, the extra output resulting from the same additions of extra inputs will become less and less.” Samuelson
    3. “The law of variable proportion states that if the inputs of one resource are increased by equal increment per unit of time while the inputs of other resources are held constant, total output will increase, but beyond some point, the resulting output becomes higher will become smaller and smaller.” Leftwitch

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    • Posted by Ankit Yadav 7 years ago

    CBSE > Class 11 > Economics
    • 1 answers

    Yashika Garg 7 years ago

    It means u have to calculate combined standard deviation ....where x and y both are of individual series

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    • Posted by Lavish Chauhan 7 years ago

    CBSE > Class 11 > Economics
    • 2 answers

    Yashika Garg 7 years ago

    3rd one is consumer equlibrium with IC

    2Thank You

    Gaurav Seth 7 years ago

    Consumer’s Equilibrium refers to a situation where a consumer gets maximum satisfaction out of his given money income and given market price.
    2. Consumer’s equilibrium through utility analysis can be ascertained with reference to:

    1. A single commodity
    2. Two or several commodities

    (a) Single Commodity Consumer Equilibrium:

    (i) When purchasing a unit of a commodity, a consumer compares its price with the expected utility from it. Utility obtained is the benefit, and the price payable is the cost. The consumer compares benefit and the cost. He will buy the unit of a commodity only if the benefit is greater than or at least equal to the cost.
    (ii) Equilibrium Conditions for Single Commodity Consumer Equilibrium

    (b) Two Commodities Consumer Equilibrium (Law of Equi-Marginal Utility or Law of Substitution or Gossen’s Second Law or Law of Maximum Satisfaction)
    (i) According to the two commodities consumer equilibrium or law of Equi-marginal utility, a consumer gets maximum satisfaction, when ratios of MU of two commodities and their respective prices are equal.

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    • Posted by Ankit Sangwan 7 years ago

    CBSE > Class 11 > Economics
    • 1 answers

    Sahil Sharma 7 years ago

    Leads to DRF(Diminishing Return to a Factor)

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    • Posted by Bhawana Arya 7 years ago

    CBSE > Class 11 > Economics
    • 1 answers

    Ajit Kumar 7 years ago

    First we have to take cumulative sum of 'x' and then cumulative% like X is 100,200,400,500,800 total =2000 Cumulative sum will be 100,300,700,1200,2000 after that You will have to find cumulative%5,15,35,60,100 would be your answer

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    • Posted by Aditi Majumder 7 years ago

    CBSE > Class 11 > Economics
    • 2 answers

    Rahul Adhikari 7 years ago

    Marginal rate of transformation (MRT) is defined as the rate at which one commodity is sacrifced to gain an additional unit of other commodity. It is also known as MOC(marginal opportunity cost)

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    Gargi Sharma 7 years ago

    Marginal rate of transformation is the rate where a consumer is willing to substitute one good for another good.

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    • Posted by Jitu Choudhary 7 years ago

    CBSE > Class 11 > Economics
    • 2 answers

    Rahul Adhikari 7 years ago

    Economic problem is the problem of making choices between the limited resources and unlimited human wants. It arrises because of scarce resources related to their demand

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    Aditi Majumder 7 years ago

    Economic problem asserts that an economy's finite resources are insufficient to satisfy all human needs and wants. It arises due to: - limites means -unlimited wants -resources have alternative uses.

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    • Posted by Mobarok Hoque 7 years ago

    CBSE > Class 11 > Economics
    • 2 answers

    Daksh Basal 7 years ago

    It gives whole information. It tells each and every small units It covers whole information There is less chance in mistakes

    1Thank You

    Gaurav Seth 7 years ago

    Census Method : Under this method, each and every unit of the universe under survey is studied. For example, if there are 32 students in the class, than the marks of all the 32 students of the class will be collected.

    Advantages : This method has following advantages:

    1. Results will be absolutely correct, accurate and reliable.

    2. There is less possibility of partiality in collecting the data.

    3. Extensive knowledge of the problem is possible.

    4. Only this method useful, when the units of the universe have different characteristics.

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    • Posted by Prashant Kumar 7 years ago

    CBSE > Class 11 > Economics
    • 0 answers
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    • Posted by Ankit Singh Bhandari 7 years ago

    CBSE > Class 11 > Economics
    • 1 answers

    Aditi Majumder 7 years ago

    Features of statistics : 1- aggregate of facts. 2- compare with each other. 3- numerical expression. 4- present in a systematic manner. 5- in relation with every fact. 6- mathematically expressed.

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    • Posted by Manish Popli 7 years ago

    CBSE > Class 11 > Economics
    • 0 answers
    ANSWER

    • Posted by Abhineet Tiwari 7 years ago

    CBSE > Class 11 > Economics
    • 2 answers

    Shaina Rajput 7 years ago

    6. Number of Uses: If the commodity under consideration has several uses, then its demand will be elastic. When price of such a commodity increases, then it is generally put to only more urgent uses and, as a result, its demand falls. When the prices fall, then it is used for satisfying even less urgent needs and demand rises.

    2Thank You

    Shaina Rajput 7 years ago

    Various factors which affect the elasticity of demand of a commodity are: 1. Nature of commodity: Elasticity of demand of a commodity is influenced by its nature. A commodity for a person may be a necessity, a comfort or a luxury. i. When a commodity is a necessity like food grains, vegetables, medicines, etc., its demand is generally inelastic as it is required for human survival and its demand does not fluctuate much with change in price. ii. When a commodity is a comfort like fan, refrigerator, etc., its demand is generally elastic as consumer can postpone its consumption. iii. When a commodity is a luxury like AC, DVD player, etc., its demand is generally more elastic as compared to demand for comforts. iv. The term ‘luxury’ is a relative term as any item (like AC), may be a luxury for a poor person but a necessity for a rich person. 2. Availability of substitutes: Demand for a commodity with large number of substitutes will be more elastic. The reason is that even a small rise in its prices will induce the buyers to go for its substitutes. For example, a rise in the price of Pepsi encourages buyers to buy Coke and vice-versa. Thus, availability of close substitutes makes the demand sensitive to change in the prices. On the other hand, commodities with few or no substitutes like wheat and salt have less price elasticity of demand. 3. Income Level: Elasticity of demand for any commodity is generally less for higher income level groups in comparison to people with low incomes. It happens because rich people are not influenced much by changes in the price of goods. But, poor people are highly affected by increase or decrease in the price of goods. As a result, demand for lower income group is highly elastic. 4. Level of price: Level of price also affects the price elasticity of demand. Costly goods like laptop, Plasma TV, etc. have highly elastic demand as their demand is very sensitive to changes in their prices. However, demand for inexpensive goods like needle, match box, etc. is inelastic as change in prices of such goods do not change their demand by a considerable amount. 5. Postponement of Consumption: Commodities like biscuits, soft drinks, etc. whose demand is not urgent, have highly elastic demand as their consumption can be postponed in case of an increase in their prices. However, commodities with urgent demand like life saving drugs, have inelastic demand because of their immediate requirement.

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    • Posted by Kashish Agrawal 7 years ago

    CBSE > Class 11 > Economics
    • 1 answers

    Demons King 7 years ago

    Maximising utility

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    • Posted by Ritika Chhaperwal 7 years ago

    CBSE > Class 11 > Economics
    • 0 answers
    ANSWER

    • Posted by South Film 7 years ago

    CBSE > Class 11 > Economics
    • 1 answers

    Aditi Gurjar 7 years ago

    Unmodified data is called raw data

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    • Posted by Ripen Paul 7 years ago

    CBSE > Class 11 > Economics
    • 0 answers
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    • Posted by Vikas Kumar 7 years ago

    CBSE > Class 11 > Economics
    • 1 answers

    Shaina Rajput 7 years ago

    I think Karl Pearson

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    • Posted by Avineet Kaur 7 years ago

    CBSE > Class 11 > Economics
    • 3 answers

    Ishika Jain 7 years ago

    Marginal opportunity cost is the cost generated by consuming one more unit of a given commodity.

    0Thank You

    Aditi Majumder 7 years ago

    Marginal opportunity cost is the ratio between one additional gain to one additional loss

    0Thank You

    Simran Saroha 5 years, 10 months ago

    The next best alternative that is forgone is called moc. Its also known as alternative cost or mrt.

    1Thank You

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    • Posted by Shruti . 7 years ago

    CBSE > Class 11 > Economics
    • 0 answers
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    • Posted by Bikram Br 7 years ago

    CBSE > Class 11 > Economics
    • 0 answers
    ANSWER

    • Posted by Rajma Devi 7 years ago

    CBSE > Class 11 > Economics
    • 0 answers
    ANSWER

    • Posted by Akash Kumar 7 years ago

    CBSE > Class 11 > Economics
    • 0 answers
    ANSWER

    • Posted by Vikas Kumar 7 years ago

    CBSE > Class 11 > Economics
    • 0 answers
    ANSWER

    • Posted by Utkarsh Dwivedi 7 years ago

    CBSE > Class 11 > Economics
    • 0 answers
    ANSWER

    • Posted by Milan Soni 7 years ago

    CBSE > Class 11 > Economics
    • 1 answers

    Rishav Tiwari 7 years ago

    PPC is a graphical presentation of measuring two goods in a country which offers equal level of satisfaction.

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    • Posted by The Sinha Tube 7 years ago

    CBSE > Class 11 > Economics
    • 1 answers

    Sakshii Rawat 7 years ago

    Economics is the study of human behaviour Because to produce more quantity of one commodity to satisfy some quantity of another commodity.

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    • Posted by Sayantika Ganguly 7 years ago

    CBSE > Class 11 > Economics
    • 4 answers

    Shaina Rajput 7 years ago

    TC=TVC+TFC

    1Thank You

    Rishav Tiwari 7 years ago

    The sum total of total fixed cost and total variable cost .

    1Thank You

    Aryan Kaushik 7 years ago

    sorry i wrote wrong answer ????

    1Thank You

    Aryan Kaushik 7 years ago

    the sum total of utility derived from consuming all units of a commodity is known as total utility

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    • Posted by Jinu Joshi 7 years ago

    CBSE > Class 11 > Economics
    • 1 answers

    Yaser Siddiquee 7 years ago

    an assessment of the degree of correlation between two ways of assigning ranks to the members of a set.

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    • Posted by Kunal Manhas 7 years ago

    CBSE > Class 11 > Economics
    • 1 answers

    Shaina Rajput 7 years ago

    1.Aggregate of facts 2.Numerically expressed 3.Affected by multiplicity of causes 4.Reasonable accuracy 5.placed in relation to each other 6.pre determined purpose 7.enumerated or estimated 8. Collected in a systematic manner

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    • Posted by Sandy Goraya 7 years ago

    CBSE > Class 11 > Economics
    • 1 answers

    Shaina Rajput 7 years ago

    Where is the table??

    1Thank You

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