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Why ppc curve slops downward

Posted by Shubhdeep Singh 7 years, 1 month ago

1 answers

Sakshi Sharma??️??️ 7 years, 1 month ago

PPC shows all the maximum possible combination of two goods , which can be produced with the available resources and technology. In such a case , more of one goods can be produced only by taking resources away from the production of another goods . As there exists an inverse relationship between change in quantity of one commodity and change in quantity of the other commodity , PPC slopes downward from left to right.

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Why mr=tr in perfect compition

Posted by Mihir Somaiya 7 years, 1 month ago

CBSE > Class 11 > Economics

1 answers

Sakshi Sharma??️??️ 7 years, 1 month ago

I think it's MR = AR not MR = TR

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What considerations are taken into account while selecting the base year for the preparations ofa n index numbers?

Posted by Muskan Chauhan 7 years, 1 month ago

CBSE > Class 11 > Economics

1 answers

Shreya Agarwal 7 years, 1 month ago

The consideration is that base year should be a year of economic stablity.

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What is perfect competition

Posted by Karishma Singh 7 years, 1 month ago

CBSE > Class 11 > Economics

1 answers

Vishal Biyani 7 years, 1 month ago

It is a type of market where there is large number of buyer and seller dealing in homogenous product.And there is no restriction on entry and exit of firm.And price maker is the industry

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What is difference between absolute and relative dispersion with an example ?

Posted by Amit Kumar 4 years, 9 months ago

CBSE > Class 11 > Economics

1 answers

Sia ? 4 years, 9 months ago

Absolute & relative dispersion are two different ways to measure the spread of a data set. They are used extensively in biological statistics, as biological phenomena almost always show some variation and spread.

The easiest way to differentiate relative dispersion/absolute dispersion is to check whether your statistic involves units. Absolute measures always have units, while relative measures do not.

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What is afc

Posted by Jemini Raut 7 years, 1 month ago

CBSE > Class 11 > Economics

1 answers

Sakshi Sharma??️??️ 7 years, 1 month ago

AFC refers to the per unit fixed cost of production.

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What will happen to PPC if resources are used efficiently (gst) applied?

Posted by Nubu Kkus 7 years, 1 month ago

CBSE > Class 11 > Economics

5 answers

Keshav Bindal 7 years, 1 month ago

Here PPC will shift leftward , because GST is applied (from point taxes are applied or subsidies are removed)

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Sakshi Sharma??️??️ 7 years, 1 month ago

It's given that resources are efficiently used . There is not any increase in resources or upgradation of technology.So the production will be on PPC and there's not any type of shifting of PPC.

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Keshav Bindal 7 years, 1 month ago

PPC will shift leftward

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Sakshi Sharma??️??️ 7 years, 1 month ago

What's the meaning of GST in this question

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Sakshi Sharma??️??️ 7 years, 1 month ago

Production will be on PPC

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The price elasticity of demand is- 0.5 at rice of 20 per unit total expenditure on it is 2000 its price is reduced by 10% calculate its demand at the reduced rate

Posted by Arman Katoch 7 years, 1 month ago

CBSE > Class 11 > Economics

2 answers

Keshav Bindal 7 years, 1 month ago

105

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Sakshi Sharma??️??️ 7 years, 1 month ago

95 units

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How to find average cost if output, total variable cost, aveage variable cost and marginal cost is given ?

Posted by Snigdha Mishra 7 years, 1 month ago

CBSE > Class 11 > Economics

1 answers

Reena Verma 7 years, 1 month ago

To find AC first of all calculate Tc by adding TVC to MC and then by dividing TC by output calculate AC.

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What is pilot survey?

Posted by Sunil Sharma 7 years, 1 month ago

CBSE > Class 11 > Economics

2 answers

Monwara Begum 7 years ago

Pilot survey refers to pre testing of the questionaire.

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Rohan Chaudhary 7 years, 1 month ago

A pilot survey is a strategy used to test the questionnaire using a smaller sample compared to the planned sample size.

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Normal profit is a part of total cost. Is it true. ?

Posted by Tushar Choudhary 7 years, 1 month ago

CBSE > Class 11 > Economics

1 answers

Tushar Choudhary 7 years, 1 month ago

Yes normal profit is defined as the minimum return that the producer expects from his capital invested in the buisness. If this minimum return is not avilable , he will withdraw his capital from the existing use and shift it to the next best alternative use. Therfore, normal profit is a part of total cost

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How to make economics project in class 11

Posted by Vanshika Bansal 7 years, 1 month ago

CBSE > Class 11 > Economics

1 answers

Hemant Kumar 7 years, 1 month ago

You can find it on slideshare web site

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Define base year. What is its importance?

Posted by Yaser Siddiquee 7 years, 1 month ago

CBSE > Class 11 > Economics

1 answers

Sakshi Sharma??️??️ 7 years, 1 month ago

The base year refers to the year in which an index number series begins to be calculated

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What do you mean by spearman's rank correlation

Posted by Rao Arÿąń Yađåv Ahir 7 years, 1 month ago

CBSE > Class 11 > Economics

1 answers

Yaser Siddiquee 7 years, 1 month ago

Spearman’s rank correlation coefficient is a non parametric variable that gives a relation between two variables . It basically gives the measure of monotonicity of the relation between two variables i.e. how well the relation between two variables could be represented using a monotonic function . The value of spearman constant varies from -1 to +1 , both inclusive . A value of +1 or -1 represents that the relationship between the two variables could be represented by perfectly monotonous functions .

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Difference between price index and quantity index

Posted by Gokul Gok 7 years, 1 month ago

CBSE > Class 11 > Economics

1 answers

Yaser Siddiquee 7 years, 1 month ago

A price index measures changes in prices between two points of time whereas a quantity index measures changes in the volume of goods produce.

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which factors leads to the shift of ppc

Posted by Harsh Kumar 7 years, 1 month ago

CBSE > Class 11 > Economics

1 answers

Yaser Siddiquee 7 years, 1 month ago

Factors that effects PPC shift is: economic growth or disaster increase or decrease of resources technological changes Some examples to understand :Economic growth:sources of economic growth is accumulation of capital and tehnological advances.PPC will shift outwards to the right.Disaster:a shift inwards and to the left.Increase in resources:PPC shift to the rightDecrease in resources @ loss:PPC shift to the left.Improvement in technology :New innovations or improved techniques.PPC shift outwards.

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Send me last year quenition

Posted by Pradeep Kumar 7 years, 1 month ago

CBSE > Class 11 > Economics

0 answers

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What is the meaning of equilibrium

Posted by Hemant Kumar 7 years, 1 month ago

CBSE > Class 11 > Economics

2 answers

Namanpreet Singh Deol 7 years, 1 month ago

An equilibrium is defiend as a situation where the plans of all consumers and firms in the market match and the market clears

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Sachin Yadav 7 years, 1 month ago

A state of balance

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New syllabus kb ayega

Posted by Mayank Hi 7 years, 1 month ago

CBSE > Class 11 > Economics

1 answers

Yaser Siddiquee 7 years, 1 month ago

2020 me aayega

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What is tha properties of indifference curve

Posted by Adi Malik 7 years, 1 month ago

CBSE > Class 11 > Economics

1 answers

Sakshi Sharma??️??️ 7 years, 1 month ago

i) IC slopes downward ii) IC is convex to the origin iii) ICs don't touch or intersect each other iv) IC doesn't touch X-axis or Y-axis v) Higher IC shows higher level of satisfaction.

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Explain the diagram and schedule of market eqilibrium

Posted by Rk Manglam 7 years, 1 month ago

CBSE > Class 11 > Economics

0 answers

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Explain the implication of mutual dependence of firms in oligopoly

Posted by Aman Mahato 7 years, 1 month ago

CBSE > Class 11 > Economics

0 answers

ANSWER

Which is the best method for measuring dispersion and how,why

Posted by Vasu Narang 7 years, 1 month ago

CBSE > Class 11 > Economics

0 answers

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Relationship between TVC & MC

Posted by Akshat Kaushal 7 years, 1 month ago

CBSE > Class 11 > Economics

1 answers

Gaurav Seth 7 years, 1 month ago

Relationship between TVC and MC:

We know, MC is addition to TVC when one more unit of output is produced. So, TVC can be obtained as summation of MC’s of all the units produced. If output is assumed to be perfectly divisible, then total area under the MC curve will be equal to TVC.

As seen in the diagram, at OQ level of output, TVC is equal to the shaded area OPLQ in the diagram.

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can you think for yourself of some other examples where a person with a given income has to choose which things and in what quantitaties he or she can buy at the prices that are being charged

Posted by Md Kashif 7 years, 1 month ago

CBSE > Class 11 > Economics

1 answers

Hemant Kumar 7 years, 1 month ago

It depends on normal or inferior goods

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What will a consumer do of MRSxy is smaller than px/py

Posted by Deshna Jain 7 years, 1 month ago

CBSE > Class 11 > Economics

2 answers

Jayati Purwar 7 years, 1 month ago

Consume more of good Y

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Jayati Purwar 7 years, 1 month ago

Consume more of U

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Definition of kalpearson coefficient

Posted by Bhawana Agrawal 7 years, 1 month ago

CBSE > Class 11 > Economics

1 answers

Bharm Singh 7 years, 1 month ago

According to Karl Pearson, Coefficient of correlation is determined by dividing the sum of products of deviations from their respective means by their number of pairs amd their standard deviations.???

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Suppose you are a resident of a village suggest a few measure to tackle the problem of poverty

Posted by Meena Rai 7 years, 1 month ago

CBSE > Class 11 > Economics

0 answers

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Statistics part is not availaible in economics

Posted by Priya Kashyap 7 years, 1 month ago

CBSE > Class 11 > Economics

1 answers

Hemant Kumar 7 years, 1 month ago

Why not

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What is socialist and capitalist economy

Posted by Tanmay Khandelwal 7 years, 1 month ago

CBSE > Class 11 > Economics

2 answers

Yaser Siddiquee 7 years, 1 month ago

Capitalism is the ancient political system, whose origin dates back to 1400 AD in Europe. On the contrary, Socialism, which is evolved from 1800 AD and its place of origin is France.

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Hemant Kumar 7 years, 1 month ago

Capitalist economy relates with the firm

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