CBSE > Class 12 > Economics | CBSE Board | Homework Help

Ppc is concave to origin because of increasing moc Another point to be note that Ppc can become negative also when moc decreases. .(not in syllabus but)

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Ishmeet Kaur 7 years ago

Because it is based on the assumption that the resources are not equally efficient in the production of all goods due to which MOC increases.

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Yashii . 7 years ago

PPC slopes downward bcz of the increase in MRT as the production of one good has to be minimise to increase the production of another good .

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Zeenat Anees 7 years ago

It is concave because marginal opportunity cost is increasing

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Abhishek Attri 7 years ago

Because of increasing MRT

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Importance of national income accounting?

Posted by Samarth Yadav 7 years ago

CBSE > Class 12 > Economics

1 answers

Gaurav Seth 7 years ago

(i) It reflects performance of the economy.

(ii) It indicates structural and sectoral changes.

(iii) It shows how national income is shared among various factors of production.

(iv) It has several uses for economic policy and research.

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Anybody plss gve me the proper answer its an imp question..... Price elasticity of a demand is (-)1. At a given price the consumer buys 60 units of the good.how many units willthe consumer buy if the price fall by 10%?

Posted by Ananthu Ak 7 years ago

CBSE > Class 12 > Economics

2 answers

Rajat Sharma 7 years ago

Read the answer given which I have given above is wrong you shall do that percentage change in price is 10% percentage change in quantity is x minus 60 upon 60 and elasticity of demand is -1 by equating written by elasticity equation you will find the value of x which is the quadrant

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Rajat Sharma 7 years ago

When price Forex consumer board 1601 price fall by 10% that tells they become x minus 10 by hundred Into X that is 9 by 10 x and because the price elasticity of demand is -1 on equating it with equation change in price is 1 by 10 x initial price is x initial quantity is 60 solving which you will get the quantity consumed

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Indifference curve definition

Posted by Jasmi Naseer 7 years ago

CBSE > Class 12 > Economics

2 answers

Vishal Iyer 7 years ago

It the locus of all the possible points of combination of 2 goods which will yield the consumer the same level of satisfaction

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Angad Mehra 7 years ago

Indifference curve is a curve that shows different combinations of two goods which give same satisfaction to consumer

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Important question in elasticity - When the price of a commodity changes from rs 4 per unit to rs 5 per unit, its market supply rises from 100 units to 120 units. Calculate the price elasticity of supply. Is supply elastic? Give reason?. Anyone pls gve me the proper answer and reason for y it is elastic

Posted by Ananthu Ak 7 years ago

CBSE > Class 12 > Economics

1 answers

Gaurav Seth 7 years ago

Ed=change in quantity÷change in price×price÷quantity

Change in quantity=5–4=1

Change in price=120–100=20

20÷1×4÷100=0.8

No the supply is not elastic. It is inelastic because price elasticity of supply is less than one

whenever, the Price elasticity of supply is less than 1 that means the situation is inelastic. Meaning it is harder for suppliers to adapt quickly to the price changes.

In conclusion: The PES = 0.8 which is inelastic meaning the price change will not have a major impact on the quantity supplied.

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Pls gve some frequently asked questions topics from micro part??

Posted by Ananthu Ak 7 years ago

CBSE > Class 12 > Economics

1 answers

Rajat Sharma 7 years ago

It can be components of macroeconomics and microeconomics from 2nd chapter it can be hots question on the basis of PPC and third chapter it will be basically consumer equilibrium in two commodity case. Song for chapter it can be rational behind IC analysis and fifth chapter they can the difference between extension of demand and increase in demand contraction of demand decrease in demand Shift in demand curve and movement along demand curve determinants of demand demand of course and from six chapter there must BA numerical from elasticity of demand and from 7th chapter it will be low variable proportions and causes of increasing returns to factor and decreasing returns to a factor and from it chapter it can be a table to complete the table questions basically. From from 9 chapter simple definitions will be asked and even relations can be asked from 7th 8th and 9th chapter and from 10 chapter there will be producers intermedium definitely and also there can be shutdown point break even point extra and from Theory of supply see they can beat from Theory of supply in no question basically because it will be come in theory of demand and 13 chapter but if you want to do just go through it its summary and from 12 chapter there can be any future of any of the market and you have to explain its application and from 13 chapter there will be rain effect of rice flour and

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Pls give some frequently asked topics in macro part

Posted by Ananthu Ak 7 years ago

CBSE > Class 12 > Economics

2 answers

Ananthu Ak 7 years ago

Bro idk hindi

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Indrajeet Arora 7 years ago

Visit Chandan poddar (grooming education academy) on YouTube for free lectures and concepts clearing.

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Central problems

Posted by Anshul Prajaati 7 years ago

CBSE > Class 12 > Economics

2 answers

Rajat Sharma 7 years ago

Basically there are three Central problems in an economy they are: what to produce how to produce and for whom to produce basically first we will discuss the problem of what to produce what to produce problem has 2 dimensions that is what goods aathvi produced and in what quantity they are to be produced for what goods are to be produced they can you be silly two types of food which can be the consumer goods for capital goods consumer goods help in getting the living standards the present generation but the future of can be ignored where as in capital goods the future growth is promoted but that living standards of present generation affect adversely does it is a problem of choice between future growth of present living standards the problem of how to produce is the basically the problem of choice of technology that Technology can be used to two types it can be labour intensive or capital intensive Lebanon 2016 is not efficient but promotes employment but capital intensive technique is very efficient and promote GDP does it is a choice between reducing the problem of unemployment and GDP growth and the problem of for whom to produce is basically the problem between choosing the sections of society whether you want to promote the economic equality of you want to have more profits because if you produce the good for the poor sections of the society the profit will be less than twice the investment would you please turn wise GDP will be less but it if it is produced for the richest sections they will more profit more investment and more GDP does it is a problem of choice between economic equality or GDP growth

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Zeenat Anees 7 years ago

What to produce, How to produce and for whom to produce

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ANSWER

explain how domestic industries can be protected from foreign competition

Posted by Vandana Verma 7 years ago

CBSE > Class 12 > Economics

1 answers

Vishal Iyer 7 years ago

The government can allocate more resources for the domestic industries and can make liberal policies for the exports of commodities produced by them. On the other hand government must increase taxes for the growing companies and allocate only particular set of commodities that they can produce. .the government should try to make the country self sustained

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Define- Equilibrium Rate of Exchange?

Posted by Yogesh Jaiya 7 years ago

CBSE > Class 12 > Economics

1 answers

Sonal Chandila 7 years ago

Equilibrium exchange rate is determined by the intersection of the market forces of demand and supply. Equilibrium Exchange Rate is determined at a level where demand for foreign currency is equal to supply of foreign currency.

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ANSWER

Best way to present answers in the board exam

Posted by Gaurav Gandhi 7 years ago

CBSE > Class 12 > Economics

1 answers

Prateek Seth 7 years ago

Just write it correct and don't over do it...

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ANSWER

Important question of micro economics

Posted by Satyam Singh 7 years ago

CBSE > Class 12 > Economics

1 answers

Babban Kainth 7 years ago

3 questions related to consumer equilibrium, one question either from price elasticity of demand or supply, law of variable proporation, market equillibrium diagrams, forms of market

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Int.on debentures is included in national income or not. ..??

Posted by Yash Garg 7 years ago

CBSE > Class 12 > Economics

4 answers

Nishika Arora 7 years ago

i think it is included because debenture is sort of loan to the firm as well as it is included in head operating surplus as interest while calculating national income by. income method as a factor income

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Aman Tiwari 7 years ago

It is included in national income as it is a return for the capital contribution of the firm

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Yash Garg 7 years ago

But no correct answer i got 4 this ques..so pls first confirm about it then reply ...

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Sakshi Jain 7 years ago

I think it is not included..

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ANSWER

Which income is included in domestic factor income and which are not included?

Posted by Harisankar Yadav 7 years ago

CBSE > Class 12 > Economics

0 answers

ANSWER

A consumer consumes only 2 goods X and Y and is in equilibrium. Show that when the price of good X rises,the consumer buys less of good X. Use utility analysis

Posted by Garima Jawla 7 years ago

CBSE > Class 12 > Economics

0 answers

ANSWER

Ad and its components

Posted by Amanish Navodian 7 years ago

CBSE > Class 12 > Economics

0 answers

ANSWER

mps is

Posted by Nikhil Shoran 7 years ago

CBSE > Class 12 > Economics

2 answers

Neeraj Thapa 7 years ago

It means the ratio of change in saving upon change in income

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Neeraj Thapa 7 years ago

Marginal propensity to save

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Economics ki tyari kaise kruu

Posted by Kaju Kalu 7 years ago

CBSE > Class 12 > Economics

1 answers

Sakshi Jain 7 years ago

Just clear your concept..

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ANSWER

Define fixst cost

Posted by Saiz Sid 7 years ago

CBSE > Class 12 > Economics

1 answers

Preet Vyas 7 years ago

those cost which do not vary or change directly with the level of output.

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ANSWER

Kya disposable income aur private income apne syllabus mein h

Posted by Gangesh Sharma 7 years ago

CBSE > Class 12 > Economics

2 answers

Tanisha Garg 7 years ago

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Harika Muskan 7 years ago

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Consumption curve is not started from origin

Posted by Pawan Sharma 7 years ago

CBSE > Class 12 > Economics

3 answers

Manish Agarwall 7 years ago

Yes... Bcz of Autonomous consumption i. E consumption at zero level of income.

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Tanisha Garg 7 years ago

Yes because there is always minimum level of consumption even when income is zero

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Ayush Bafna 7 years ago

Yes, Because at zero income level also we consume something at thus start from point above origin.

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ANSWER

How to calculate national income and gnpmp

Posted by Prasad Ma 7 years ago

CBSE > Class 12 > Economics

1 answers

Vishal Iyer 7 years ago

GNPmp = GDPmp + NFIA

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ANSWER

Elaborate economic growth as objective of govt. budget.

Posted by Suryansh Vishnoi 7 years ago

CBSE > Class 12 > Economics

1 answers

Yogita Ingle 7 years ago

When the Government formulates the budget it keeps in mind many objectives . One of the essential objective is to increase the growth rate . The growth rate of a country depends on rate of saving and investment . So in order to raise the rate of savings and investment , budgetary policy aims to mobilise sufficient resources for investment in the public sector. To raise the overall savings and investment alteration of public expenditure , tax policies etc are the tools implemented by the government . More savings lead to more investment which results in more revenue generation .

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Define monopoly market .State the forces to create monopoly

Posted by Ayati Ayati 7 years ago

CBSE > Class 12 > Economics

2 answers

Yogita Ingle 7 years ago

A market structure characterized by a single seller, selling a unique product in the market. In a monopoly market, the seller faces no competition, as he is the sole seller of goods with no close substitute.
In a monopoly market, factors like government license, ownership of resources, copyright and patent and high starting cost make an entity a single seller of goods. All these factors restrict the entry of other sellers in the market. Monopolies also possess some information that is not known to other sellers.
Characteristics associated with a monopoly market make the single seller the market controller as well as the price maker. He enjoys the power of setting the price for his goods.

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Krishanu Saxena 7 years ago

Monopoly is a market in which there is one seller of a commodity and the market is price maker.

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