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Bokaro Gamers 6 years, 9 months ago

Economic growth enables the economy to have more of both the goods. Conclusion: All these central problems of an economy are interrelated and interdependent. They arise from the fundamental economic problems of scarcity of means and multiplicity of ends which lead to the problem of choice or economizing of resources.
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Yogita Ingle 6 years, 9 months ago

Microeconomics Macroeconomics
It is study of individual economic units of an economy. It is study of the economy as a whole and its aggregates.
It deals with individual income, individual prices and individual outputs, etc. It deals with aggregates like national income, general price level and national output, etc.
Its central problem is price determination and allocation of resources. Its central problem is determination of level of income and employment.
Its main tools are demand and supply of particular commodity/factor. Its main tools are aggregate demand and aggregate supply of the economy as a whole.

 

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Saurav "S 6 years, 9 months ago

concave

Rahul Yadav 6 years, 9 months ago

Moc increases then convex, deteriorasion in technology, and no growth of resources, rightward, improvement in technology and growth in resources
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Rahul Yadav 6 years, 9 months ago

Because increased the production of one good and less resource available for other good
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Yaser Siddiquee 6 years, 9 months ago

the assumption that total food-availability decline (FAD) is the central cause of all famines. Sen argued that the more proximate cause is so-called “entitlement failure,” which can occur even when there is no decline in aggregate food production.
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Sumit Garg 6 years, 9 months ago

The point in which the consumer is in his maximum satisfaction and consumption of one more unit will lead to marginal unity is known as point of satisfaction of that commodity .
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Yaser Siddiquee 6 years, 9 months ago

Index number are devices for measuring difference in the magnitude of group of related variables.
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Gaurav Seth 6 years, 9 months ago

For producer's equilibrium MR should be equal to MC and MC should cut MR from below, i.e, the slope of MC must be positive at the point of intersection. Such a point indicates the level of output where the firms earns maximum possible profits. On the other hand, if the MC cuts the MR from above, i.e. MC is negatively sloped, then this indicates that profits can be further increased by increasing the level of production. Hence, it would not be the point of profit maximisation.

Mayank Bansal 6 years, 9 months ago

Mc curve always intersect at ac lowest point
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Yaser Siddiquee 6 years, 9 months ago

An isoquant is a firm's counterpart of the consumer's indifference curve. An isoquant is a curve that shows all the combinations of inputs that yield the same level of output. 'Iso' means equal and 'quant' means quantity. Therefore, an isoquant represents a constant quantity of output.
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Tanisha Guliani 6 years, 9 months ago

Because variable cost is influenced by no of input, if input is zero Tvc become 0.
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Gautam Narang 6 years, 9 months ago

Increase in demand means increase in demand due to other factors except price of commodity but expansion of demand refer to extend in demand due to fall in own price of the commodity

Pancham Pandey 6 years, 9 months ago

Increase in demand means imcrease in demand of single product only. But expansion in demand means the increase in demand of many products consumed by consumer
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Gautam Narang 6 years, 9 months ago

Ed=-%change in qty demanded ÷% change in price 10 ÷40×100÷ - 10% Ed =2.5
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Sumit Garg 6 years, 9 months ago

NORMAL GOODS - when the income of the consumer will increse the the demand of normal good will also increse. FOR EXAMPLE - IF THE INCOME OF THE CONSUMER WILL INCRESE THEN HE WILL BE ABLE TO SHIFT FROM BLACK AND WHITE TV TO COLOURFUL TV SET, SO , COLOURFUL TV SET IS NORMAL GOOD . INFERIOR GOODS - when the income of the consumer increses then the goods whose demand decreses is known as inferior goods . FOR EXAMPLE - IF THE INCOME OF THE CONSUMER WILL INCRESE THEN THE HE WILL BE ABLE TO SHIFT IN COLOURFUL TV FROM BLACK AND WHITE TV SET , SO, BLACK AND WHITE TV SET IS SAID TO BE INFERIOR GOOD .
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Yaser Siddiquee 6 years, 9 months ago

It is a measurement of the degree of change in demand in response to a change in own price of the commodity
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Sachib Msghwal 6 years, 9 months ago

MDx/x
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Aryan Raj 6 years, 9 months ago

52.69

Yashika Garg 6 years, 9 months ago

median is 52.6 and in mean i have also problem

Shailesh Baranwal 6 years, 9 months ago

Yaaaa same I have also question
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Shailesh Baranwal 6 years, 9 months ago

Tb Fir kaise any idea

Yashika Garg 6 years, 9 months ago

its very easy but how i'll explain here

Shailesh Baranwal 6 years, 9 months ago

Yrr koi iska answer de do
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Yashika Garg 6 years, 9 months ago

not in syllabus . TR/TC approach is important
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Aryan Raj 6 years, 9 months ago

It means that how the price of good determine

Harshit Virang 6 years, 9 months ago

Price discrimination is that where producer can charge different price for the same product
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Utsav Shukla 6 years, 9 months ago

Sir kitne types k hote h

Yaser Siddiquee 6 years, 9 months ago

It refers to all such system that bring the buyers and sellers in contact with each other to settle the sale and purchase of goods
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Music -Mania 6 years, 9 months ago

What to produce includes capital goods and consumer goods.Capital goods are needed for further production and future growth.Consumer goods are needed for present consumption. How to produce-It includes two techniques of production.Labour intensive and capital intensive. Labour intensive includes more and more labour and capital intensive requires more and more capital. For whom to produce-It includes two sections of society.The rich and the poor section.By producing goods for the poor,the profits of the producers would remain low.Low profit would mean low investment.implying low GDP growth.

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