No products in the cart.

Ask questions which are clear, concise and easy to understand.

Ask Question

    • Posted by Mandeep Singh 6 years, 9 months ago

    CBSE > Class 11 > Economics
    • 1 answers

    Nidhi Tiwari 6 years, 9 months ago

    Central problem of economy are:- What to produce How to produce For whom to produce

    0Thank You

    ANSWER

    • Posted by Gunit Ahuja 6 years, 9 months ago

    CBSE > Class 11 > Economics
    • 1 answers

    Yaser Siddiquee 6 years, 9 months ago

    A shutdown point is a level of operations at which a company experiences no benefit for continuing operations, and therefore decides to shut down temporarily (or in some cases permanently). It results from the combination of output and price where the company earns just enough revenue to cover its total variable costs.

    1Thank You

    ANSWER

    • Posted by Rythm Gupta 6 years, 9 months ago

    CBSE > Class 11 > Economics
    • 0 answers
    ANSWER

    • Posted by Pijush Mondal 6 years, 9 months ago

    CBSE > Class 11 > Economics
    • 0 answers
    ANSWER

    • Posted by Dinesh Devasi 6 years, 9 months ago

    CBSE > Class 11 > Economics
    • 2 answers

    Rajat Sharma 6 years, 9 months ago

    4

    1Thank You

    Pawan Paji 6 years, 9 months ago

    2

    3Thank You

    ANSWER

    • Posted by Ashif Ali 6 years, 9 months ago

    CBSE > Class 11 > Economics
    • 2 answers

    Pawan Paji 6 years, 9 months ago

    Yes

    1Thank You

    Sachin Yadav 6 years, 9 months ago

    Utility is the want satisfying power of a commodity

    1Thank You

    ANSWER

    • Posted by Puneet Upadhyay 6 years, 9 months ago

    CBSE > Class 11 > Economics
    • 1 answers

    Nidhi Tiwari 6 years, 9 months ago

    It is arrangement of raw data on the basis of some information in an organized manner

    0Thank You

    ANSWER

    • Posted by Sumit Kumar 6 years, 9 months ago

    CBSE > Class 11 > Economics
    • 2 answers

    Nidhi Tiwari 6 years, 9 months ago

    It is a measure of deviation of actual distribution from the line of equal distribution. Greater the distance of Laurence curve from the line of equal distribution more is the inequality on the other hand closer is the Laurence curve to the line of equal distribution lower will be degree of inequality.. In this we have to find Cf of x % of x Cf of y % of y

    0Thank You

    Sumit Kumar 6 years, 9 months ago

    Lorenz curve

    1Thank You

    ANSWER

    • Posted by Ronit Jain 6 years, 9 months ago

    CBSE > Class 11 > Economics
    • 2 answers

    Akshit Jain 6 years, 9 months ago

    It is a line which shows all possible combination of 2 goods that can be purchased by a consumer at given prices in such a manner that his entire income is spend on these goods

    0Thank You

    Pawan Paji 6 years, 9 months ago

    The 2 bundles of a commodity that consumer can buy in his entire income at market price of goods.

    0Thank You

    ANSWER

    • Posted by Abhay Chouhan 6 years, 9 months ago

    CBSE > Class 11 > Economics
    • 1 answers

    Kajal Yadav 6 years, 9 months ago

    It is a line which shows different sets of two goods which consumer can attain with his given income and prices of the commodity

    1Thank You

    ANSWER

    • Posted by Aayush Kumar 6 years, 9 months ago

    CBSE > Class 11 > Economics
    • 1 answers

    Akshit Jain 6 years, 9 months ago

    Motonic prefrences means that a consumer always want more of one good and no less of other

    0Thank You

    ANSWER

    • Posted by Rishika Chaurasia 6 years, 9 months ago

    CBSE > Class 11 > Economics
    • 3 answers

    Nidhi Tiwari 6 years, 9 months ago

    It also depends on 'price'. Supply will be high If the price is high.. As stated in law of supply that there is an positive relationship between supply and price.. If price is high supply will shift rightward and viceversa

    0Thank You

    Tushar Chopra 6 years, 9 months ago

    The supply curve will shift rightward as the entry of new firms is an other factor affecting the market supply

    3Thank You

    Viswa Nathan 6 years, 9 months ago

    I think supply curve will increased, move upward

    0Thank You

    ANSWER

    • Posted by Vijay Kemrani 6 years, 9 months ago

    CBSE > Class 11 > Economics
    • 1 answers

    Yashika Garg 6 years, 9 months ago

    price remain same in both cases but when both demand and supply curve increases then quantity demanded and supplies will also increase and when it decreases then quantity decreses.

    0Thank You

    ANSWER

    • Posted by Vanchha Gupta 6 years, 9 months ago

    CBSE > Class 11 > Economics
    • 1 answers

    Sia ? 4 years, 5 months ago

    BASIS FOR COMPARISON PERFECT COMPETITION MONOPOLISTIC COMPETITION
    Meaning A market structure, where there are many sellers selling similar goods to the buyers, is perfect competition. Monopolistic Competition is a market structure, where there are numerous sellers, selling close substitute goods to the buyers.
    Product Standardized Differentiated
    Price Determined by demand and supply forces, for the whole industry. Every firm offer products to customers at its own price.
    Entry and Exit No barrier Few barriers
    Demand Curve slope Horizontal, perfectly elastic. Downward sloping, relatively elastic.
    Relation between AR and MR AR = MR AR > MR
    Situation Unrealistic Realistic

    0Thank You

    ANSWER

    • Posted by Sandra Shaji 6 years, 9 months ago

    CBSE > Class 11 > Economics
    • 0 answers
    ANSWER

    • Posted by Naimish Kumar 6 years, 9 months ago

    CBSE > Class 11 > Economics
    • 0 answers
    ANSWER

    • Posted by Vaibhav Kumar 6 years, 9 months ago

    CBSE > Class 11 > Economics
    • 2 answers

    Rajat Sharma 6 years, 9 months ago

    microeconomics refers to that Economics with deals with the economic problem related to life of an individual person for example calculating the pocket money of an individual person is a component of microeconomics the vital components of microeconomics are as follows first theory of producer behaviour of Theory of supply theory of consumer behaviour of theory of demand and theory of price determination also microphone macroeconomics officer that branch of economics that deals with the economic problems related to economy as a whole for example calculating national income and GDP growth is example of macroeconomics the vital components of microeconomics theory related to the equilibrium in the economy theory related to the disequilibrium in the economy and theory of its correction.

    0Thank You

    123 Sahu 6 years, 9 months ago

    Micro study individual economic variable whereas macro study aggregate economic variable. Ex. Income of one person is micro economics whereas Income of whole country in macro economics.

    0Thank You

    ANSWER

    • Posted by Anukul Bansal 6 years, 9 months ago

    CBSE > Class 11 > Economics
    • 1 answers

    Nayaab Baghdadi 6 years, 9 months ago

    Two following conditions should be satisfied:- 1. MC = MR This is satisfied at 2 points in the schedule. 2. MC > MR after MC = MR This is satisfied only at one point as at the first point, the MC curve dips but at the second point it increases. Hence, the second point will be the point of equilibrium as if the consumer goes on producing after this point he will gain losses. MR MC Approach is also known as Producer's Equilibrium. ( graph can be seen from any guide)

    3Thank You

    ANSWER

    • Posted by Arjun Sagar 6 years, 9 months ago

    CBSE > Class 11 > Economics
    • 0 answers
    ANSWER

    • Posted by Khushi Dangwal 6 years, 9 months ago

    CBSE > Class 11 > Economics
    • 0 answers
    ANSWER

    • Posted by Aakash Panwar 6 years, 9 months ago

    CBSE > Class 11 > Economics
    • 0 answers
    ANSWER

    • Posted by Diya Patel 6 years, 9 months ago

    CBSE > Class 11 > Economics
    • 3 answers

    Suryansh Rajput 6 years, 9 months ago

    Consumer awareness refers to the awareness of cosumers.. ........................ . . . ...................... . . . ......................

    1Thank You

    Aditi Mishra 6 years, 9 months ago

    The thinks that they belong should be given to them

    0Thank You

    Aditi Mishra 6 years, 9 months ago

    Consumer awareness refers to awareness of consumer about what are the thinks that they want and for that they have to fight for them selves

    0Thank You

    ANSWER

    • Posted by Dhanu Sridhar 6 years, 9 months ago

    CBSE > Class 11 > Economics
    • 1 answers

    Aditi Mishra 6 years, 9 months ago

    The marginal cost is 500

    0Thank You

    ANSWER

    • Posted by Avinash Singh Trehan 6 years, 9 months ago

    CBSE > Class 11 > Economics
    • 1 answers

    Yaser Siddiquee 6 years, 9 months ago

    Average cost is the total cost divided by the number of goods produced. Marginal cost is the rise in cost as a result of a marginal (small) change in the production of goods or an additional unit of output. Purpose Purpose of average cost is to assess the impact on total unit cost due to changes in the output level. Purpose of marginal cost is to evaluate whether it is beneficial to produce an additional unit/small number of additional units. Formula Average cost is calculated as (Average cost = Total cost/Number of units produced). Marginal cost is calculated as (Marginal cost = Change in total cost/Change in output). Comparison Criteria Average cost of two output levels are compared to calculate the change in total cost per unit. Marginal cost is compared with marginal revenue to calculate the impact of a decision.

    2Thank You

    ANSWER

    • Posted by Kishore Kumar 6 years, 9 months ago

    CBSE > Class 11 > Economics
    • 1 answers

    Gaurav Seth 6 years, 9 months ago

    The average revenue (AR) of a firm is defined as total revenue per unit of output. The marginal revenue (MR) of a firm is defined as the increase in total revenue for a unit increase in the firm’s output

    1. Both AC and MC are derived from total cost (TC). AC refers to TC per unit of output and MC refers to addition to TC when one more unit of output is produced.

    2. Both AC and MC curves are U-shaped due to the Law of Variable Proportions. The relationship between the two can be better illustrated through following schedule and diagram.

    Relationship between AC and MC:
    1. When MC is less than AC, AC falls with increase in the output, i.e. till 3 units of output.
    2. When MC is equal to AC, i.e. when MC and AC curves intersect each other at point A, AC is constant and at its minimum point.
    3. When MC is more than AC, AC rises with increase in output.
    4. Thereafter, both AC and MC rise, but MC increases at a faster rate as compared to AC.
    As a result, MC curve is steeper as compared to AC curve.

    3Thank You

    ANSWER

    • Posted by Ayush Subba 6 years, 9 months ago

    CBSE > Class 11 > Economics
    • 1 answers

    Sakshi Sharma??️??️ 6 years, 9 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.??

    1Thank You

    ANSWER

    • Posted by Sandy Goraya 5 years, 7 months ago

    CBSE > Class 11 > Economics
    • 1 answers

    Sakshi Sharma??️??️ 6 years, 9 months ago

    0.157 i.e.0.16

    2Thank You

    ANSWER

    • Posted by Maanvi Chouhan? 6 years, 9 months ago

    CBSE > Class 11 > Economics
    • 0 answers
    ANSWER

    • Posted by Anushka Sagar 6 years, 9 months ago

    CBSE > Class 11 > Economics
    • 1 answers

    Yogita Ingle 6 years, 9 months ago

    Cardinal Utility Ordinal Utility
    It assumes that the satisfaction can be measured & expressed in cardinal i.e. countable numbers. It assumes that satisfaction cannot be measured in numbers but things can be arranged in the order of our preference.
    Ram yields 60 utils of satisfaction from pizza and 40 utils from a burger. Ram yields more satisfaction from Pizzas in comparison to burger.
    It says that ‘Utility’ is measured in ‘utils’  It says that ‘Utility’ is rank based on “satisfaction”
     It is less realistic.  It is more realistic.

    2Thank You

    ANSWER

    • Posted by Sandeep Singh Sandeep 6 years, 9 months ago

    CBSE > Class 11 > Economics
    • 1 answers

    Yogita Ingle 6 years, 9 months ago

    A fiscal deficit is a gap by which government’s total expenditures exceed the government’s total generated revenue. This, however, does not include the government borrowings.

    Fiscal deficit = Total expenditure – Total receipts excluding borrowings

    Fiscal deficit indicates the amount of money that the government will need to borrow during the financial year. A greater deficit implies more borrowing by the government and the extent of the deficit indicates the amount of expense for which the money is borrowed.

    0Thank You

    ANSWER

    myCBSEguide App

    myCBSEguide

    Trusted by 1 Crore+ Students

    Install Now

    Test Generator

    Test Generator

    Create papers online. It's FREE.

    Try Now

    CUET Mock Tests

    CUET Mock Tests

    75,000+ questions to practice only on myCBSEguide app

    Install Now
    Google Play

    Download myCBSEguide App

    All Courses

    Other Websites

    CBSE Courses

    Resources

    Corporate

    NCERT Solutions

    CBSE Sample Papers

    All Content and Intellectual Property is under Copyright Protection | myCBSEguide.com ©2007-2025