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

Given -

Quantity Produced or Output = 100 units

Total Fixed Cost = Rs. 30

Average Variable Cost = Rs. 3

Average Variable Cost = Total Variable Cost/Output

⇒ 3 = Total Variable Cost/100

⇒ Total Variable Cost = 100*3

= Rs. 300

Total Variable Cost = Total Cost - Total Fixed Cost

⇒ 300 = Total Cost - 30

⇒ Total Cost = 300 + 30

⇒ Total Cost = Rs. 330

So, Total cost is Rs. 330

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Sachin Gautam51001 7 years ago

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Economic which are in Syllabus in national income sums tell me guys

Posted by Mohammed Imran 5 years, 11 months ago

CBSE > Class 12 > Economics

0 answers

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Consumer equilibrium(indifference curve or ordinal) ?

Posted by Praveen Bisht 7 years ago

CBSE > Class 12 > Economics

1 answers

Prabhjot Singh 7 years ago

Consumer equilibrium in ordinal aproach

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Identify concept and term used: " from this point the behavior and nature of Total return change " ?

Posted by Indrajeet Arora 7 years ago

CBSE > Class 12 > Economics

1 answers

Rajat Katkani 7 years ago

Is total return means total product then the point of change in the behaviour in nature of total physical product curve is the point of inflection

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What are the important topics of economics exam for class 12 for all chapters

Posted by Raveena Sheemar 7 years ago

CBSE > Class 12 > Economics

2 answers

Mohammed Imran 7 years ago

In our syllabus money chapters it as some deleted topics only two or three page first u learn that it comes for 6mark

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Praveen Bisht 7 years ago

Supply and demand

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How is foreign exchange rate detrmined in foreign exchange market explain

Posted by Sadhana Jain 7 years ago

CBSE > Class 12 > Economics

3 answers

Rajat Katkani 7 years ago

The foreign exchange rate is determined by the intersection of the demand and supply curve of foreign exchange

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Indrajeet Arora 7 years ago

For the answer and in fact any doubt in micro and macro visit chandan poddar ( grooming education academy) on YouTube for free lectures.

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K Uma Mahesh 7 years ago

When demand for foreign currency is equal to demand for foreign currency de equilibrium is struk we hav to elaborate it more.u can get de answer of dis ques on pg no 298 of T.R .JAIN AND V.K.OHRI BOOK

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What is indifference curve ? State three properties

Posted by Ashish Choudhary 7 years ago

CBSE > Class 12 > Economics

2 answers

J K 7 years ago

Three features are -- It is convex to the origin , Ic slopes downward, Higher in shows higher level of satisfaction

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J K 7 years ago

The curve showing combination of two goods which offers same level of satisfaction at every point at curve

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When the TFC of procicing 100 units is Rs 30 and average Rs 3 Tc is ?

Posted by Ashish Choudhary 7 years ago

CBSE > Class 12 > Economics

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What is inflationary gap and how it is solved

Posted by Anshul Ar 7 years ago

CBSE > Class 12 > Economics

2 answers

Rajat Katkani 7 years ago

Inflationary gap is the situation where there is excess of aggregate demand over and above required to maintain full employment equilibrium in the economy or in other words it is the excess of aggregate demand and aggregate supply it can be corrected through increase in bank rate repo rate reverse repo rate CRR SLR selling of securities in open market start rationing of credit increase in tax decrease in government expenditure

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Prateek Seth 7 years ago

Inflationary gap is a situation when there is an excess demand in the economy owing to fuller utilisation of resources... it is solved by increase in CRR, SLR, bank rate, repo rate, reverse repo rate, selling of open market operationsetc

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Explain the effects of a price ceiling

Posted by Sahil Rana Rana 7 years ago

CBSE > Class 12 > Economics

2 answers

Rajat Katkani 7 years ago

Price ceiling is a situation where the government imposes a maximum price limit to be charged by the consumers it is generally below the market equilibrium price it creates situation of excess demand and hence to cover this excess demand government starts rationing of it the implications of price ceiling are first establishment of fair price shops or ration shops secondly it leads to the existence of black market as government also sets the maximum quantity of a commodity to be purchased by a consumer so consumers who want more quantities then that of fixed by the government they are ready to purchase it at a higher price set by the government

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K Uma Mahesh 7 years ago

Extension of demand Contraction of supply

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What's the meaning of national Income

Posted by Shanaya Singh 7 years ago

CBSE > Class 12 > Economics

2 answers

Shanaya Singh 7 years ago

Thank you

1Thank You

Gaurav Seth 7 years ago

National Income is a sum total of goods and services produced in a country

From the modern point of view, Simon Kuznets has defined national income as “the net output of commodities and services flowing during the year from the country’s productive system in the hands of the ultimate consumers.”

On the other hand, in one of the reports of United Nations, national income has been defined on the basis of the systems of estimating national income, as net national product, as addition to the shares of different factors, and as net national expenditure in a country in a year’s time. In practice, while estimating national income, any of these three definitions may be adopted, because the same national income would be derived, if different items were correctly included in the estimate.

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If good A and good B are substitute to each other . What would be the effect on Good A demand curve if price of good B increases ? Explain with help of diagram.

Posted by Surya Pratap Singh 7 years ago

CBSE > Class 12 > Economics

1 answers

Ayush Patel 7 years ago

As the price of B goods increase the demand of A good is increase so the demand curve shift rightward

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ANSWER

Consumption equilibrim mai kon kon sai important questions sai jo mostly atai hai exam mai

Posted by Krishna Sihna 7 years ago

CBSE > Class 12 > Economics

1 answers

Aniket Singh 7 years ago

Defination or ic curve,assumptions,coditiond

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The demand for good bouble due to 25 per cent fall in its price calculate its price elasticity of demand??

Posted by Ajay Soni 7 years ago

CBSE > Class 12 > Economics

1 answers

Sonal Chandila 7 years ago

Let the Initial Qnty demand be X then New qnty demand will be 2X. ∆ in Q.D.= 2X -X = X Percentage change in Q.D. = ∆QD÷Q (initial) × 100 =X÷X × 100 = 100% Edx = (-)% ∆ in Q.D. ÷ % ∆ in Price = (-)100÷ (-)25 ( because price falls) Edx= 4

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ANSWER

How we find the marginal product ?

Posted by Sunita Pachisiya 7 years ago

CBSE > Class 12 > Economics

1 answers

Ayush Kashyap 7 years ago

By subtracting TPn—TPn-1

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ANSWER

What is equilibrium level of national income? Discuss the different situations in which an economy can attain equilibrium.

Posted by Anjali Phukan Phukan 7 years ago

CBSE > Class 12 > Economics

1 answers

Rajat Katkani 7 years ago

Equilibrium level of national income is determined by the intersection of aggregate demand and aggregate supply curve economy can attain equilibrium in two situations firstly at full employment secondly at underemployment it can also be more employment equilibrium but it can never be attained

1Thank You

ANSWER

Explain why supply of a foreign currency rises in response to a rise in its exchange rate?

Posted by Anjali Phukan Phukan 7 years ago

CBSE > Class 12 > Economics

2 answers

Rajat Katkani 7 years ago

When the foreign exchange rate Rises the supply of foreign exchange also Rises as there is a direct relation existing in between then it is also as we can understand it by that when the foreign exchange rate Rises the domestic currency seems to be cheaper more cheaper for the foreigners as they can get more of it by spending less foreign exchange

1Thank You

K Uma Mahesh 7 years ago

1 Appreciation of foreign currency implies depreciation of domestic currency. It induces exports frm de domestic currency.implying that de supply of foreign currency inc 2 Appreciation of foreign currency induces in de domestic economy 3 Appreciation of foreign currency inc remittances frm abroad

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Lae of demand and its assumption?

Posted by Siddhant Rajput 7 years ago

CBSE > Class 12 > Economics

2 answers

Rajat Katkani 7 years ago

The law of demand states that there is a inverse relationship between the quantity demanded of a commodity and its price during a given period of time assuming that other factors remaining constant assumptions of it are first price of related goods remains constant second income of consumer remains constant there is no change is a taste and preferences of the consumer et cetera

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Shivam Bahal 7 years ago

Law of demand states that there is inverse relationship between own price of the commodity and its quantity demanded.

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At a given price of a commodity, there is a excess supply.it is a equilibrium price?If not, how will be the equilibrium price be reached?

Posted by Manasvi Kanchan 7 years ago

CBSE > Class 12 > Economics

2 answers

Rajat Katkani 7 years ago

No it is not the equilibrium price of the commodity it will be attained by a chain of reactions that are at excess supply situation the sellers start competing among themselves which would lead to fall in prices of the good which in turn leads to decrease in supply and increase in demand the changes continuous till demand is equal to supply and market equilibrium is hence reached

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K Uma Mahesh 7 years ago

No it is not in equilibrium it will reach equilibrium when supply = demand of de product at a given price

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Marking scheme of economics

Posted by Cjcjvkg Jfjgkvl 7 years ago

CBSE > Class 12 > Economics

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Explain the bank issue function of central bank?

Posted by Nihal Bhut 7 years ago

CBSE > Class 12 > Economics

2 answers

Rajat Katkani 7 years ago

The Reserve Bank that is RBI is the soul authority issuing notes in the economy RBI issues currency from rupees to and more no another Institute is empowered to issue note in the economy the financial ministry is responsible for printing one rupee notes and coins

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K Uma Mahesh 7 years ago

Central bank or RBI has de right nd authority of issue notes.dis is called Currency Authority func of RBI. De notes issued by de RBI r an unlimited legal tender

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One example of negative externalities

Posted by Divjot545454 Saab 7 years ago

CBSE > Class 12 > Economics