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Consumer equilibrium in one and two commodity case
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What is our financial problem
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Why is IC downwards?
  • 1 answers

Ishika Bhenwal 11 hours ago

Because to increase the consumption of one good we have to decrease the consumption of another good. That is why IC is downward slopping.
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What is demand curve ?
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Shivangi Goel 11 hours ago

Demand curve is a graphic representation of the relationship between price and quantity demanded.....

Ishika Bhenwal 11 hours ago

It is the graphical representation of the relationship between price and quantity demanded.
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Why PPC is concave? Want hindi explanation...
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Saloni Tiwari 10 hours ago

PPC curve concave hota h kuki hme ek good k liye doosre good ko sacrifice krna pdta h kuki hmare resources bhot hi km h

Shivangi Goel 10 hours ago

U r welcm .....whenever u want....

Ishika Bhenwal 11 hours ago

Wanna ask some more questions but later on.

Shivangi Goel 11 hours ago

It's my pleasure ....

Ishika Bhenwal 11 hours ago

Thanks ......

Shivangi Goel 11 hours ago

Okk...PPC concave isley hota hai becz...jab hum ek good ko increase ke liye doosre good ko sacrifice karte rahte hai to resources ki quality ghatt ti jati hai aur marginal cost jyada aane lagte hai .......that's the reason behind the why ppc is concave ....tends to MOC rise
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A firm is not a price maker under
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Shivangi Goel 11 hours ago

Under perfect competition....becz in this firms are price taker not a price maker..
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What can be said about the elasticity of demandof lpg cylinder versus that of toys?explain
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What will be the impact of foreign capital on ppc
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How an economy decides that what all should be produced with the help of given resources?
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Saloni Tiwari 10 hours ago

we produce that thing which gives us maximum profit at the low cost of production
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What is a date of economics compartment exam 2018
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What do you mean by market economy
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Mayank Dixit 21 hours ago

There are all sets talking about a whole economy and as per its condition
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What is microeconomic
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Mayank Dixit 21 hours ago

Microeconomics in this we will study about an in individual or as one in the economy
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What are the fundamental problems faced by economy?Explain with the help of diagram
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Shivangi Goel 22 hours ago

There are three fundamental problems faced by an economy are....1 WHAT TO PRODUCE in this two basic confusions are whic good is to be produce and in which quantity is to be produce...2 HOW TO PRODUCE in this two methods cuts each other as labour intensive Or capital intensive technique...3 FOR WHOM TO PRODUCE this makes the choice between poor and richer sector and also for methods of distribution of income.............. I hope it will help you and for diagrams u may have to use your book....
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What would be yhe illikely impact on ppc if governnent introduce make in india project ?
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Sakshi Chahar 23 hours ago

Ppc curve will shift towards right.cz.make in india project induce production in our country rather than to import.when ptoduction increases then our GDP also inc.which is the mark of economic growth of our country.
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What is moderate elasticity??
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How to explain consumers equilibrium with budget line and indifference curve
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Shivangi Goel 1 day, 8 hours ago

Explaination will be.... The rate at which consumer is willing to subsitute a good must be coincide with the rate at which market allows to subsitute.... See the diagram frm ur book

Shivangi Goel 1 day, 8 hours ago

Both of these are equilibrium condition... In this, MRSxy = Px/Py and IC is convex to origin......so u should explain these situation with the help of diagriam...on that slpoe of IC (MRS)should be coincide with slope of budget line (px/py)....
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What is MRS
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Shivangi Goel 1 day, 10 hours ago

Marginal rate of subsitution refers to that rate at which consumer is willing to subsitude a good for other one....
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what is MRT
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Shivangi Goel 1 day, 10 hours ago

Marginal rate of transformation (also called MOC) ...is the rate at which output of good 1 is to be sacrificed for every additional unit of good 2....
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What do u mean by opportunity cost
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Yogi Kunwar 1 day, 2 hours ago

OC is opportinity lost or sacrifice, which we sacrifice after choosing the best alternative option
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What do u mea
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Give any one way of increasing production capacity of an economy
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Shivangi Goel 1 day, 14 hours ago

By growth of new resources...and improving the quality of recent resources....

Dream Girl 1 day, 14 hours ago

Increase in pesticides nd more use of tractor and modern machines
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When price of commodity fall from rs 10 to 8 per unit its demand rise from units 20 to 25 calculate price elasticity of demand
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Umesh Kumar 1 day, 16 hours ago

P=10. Q=20. P1=8. Q1=25 ∆P=-(2). ∆Q=5 Ed= ∆Q/∆P ×P/Q m 5/2×10/20 Ans=1.25
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What is production possibility frontier
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Shivangi Goel 1 day, 15 hours ago

Production possibility fronteir or PPC is the curve showing different combinations of two goods which can be produce at the available resources....
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Opportunity cost is not an actual cost. Do you agree?? Give reason also.....
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Saloni Tiwari 11 hours ago

Yes opportunity cost is not an actual cost because its is the next best cost of a comodity

Umesh Kumar 1 day, 16 hours ago

Yes,opportunity cost is not an actual cost because opportunity cist is the next best way to foregone.
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Comnent upon the shape of demand curve, if the price of a commodity rises by 10 percent and there is no change in quantity demand
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Shivangi Goel 1 day, 17 hours ago

Demand curve will be perfectly inelastic....and vertically straight line || to y axis.....
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what is s economic
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Saloni Tiwari 11 hours ago

economics is the study of an economic problem arising out of the fact that resources are scarce in relation to our wants and these scare resources have alternative uses.
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What is rconomics
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Adil Faiz 1 day, 19 hours ago

Which study human behavior and relationships with scare resources
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Tips for economics compart exam please.....
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Whichtype of marketis most popularin corporate sector
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Which type of market is most popular in corporate sector
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