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How would GST Administersd in India

Posted by Pardeep Kumar 6 years, 10 months ago

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A producer producer of put at which (a) TR - TC is maximum end (b) mc>mr this level of output Is the given miximising profit? use diagram

Posted by Pardeep Kumar 6 years, 10 months ago

CBSE > Class 12 > Economics

2 answers

Abhishek Thakur 6 years, 10 months ago

Yes There are two conditions to be in Equilibrium 1. MC= MR 2. MC> MR after Equilibrium In the above case both conditions are satisfied. so, that producer earn maximum profit because distance between TR and TC i.e. profit is maximum

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Tanisha Garg 6 years, 10 months ago

No, because additional cost is greater than additional revenue.Producer will strike his equilibrium where mc = mr and mc is rising

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a 15 percent rise in the price of a commodity rasies its supply from 300 unit to 345 units calculate its price elasticity of demand

Posted by Pardeep Kumar 6 years, 10 months ago

CBSE > Class 12 > Economics

2 answers

Abhishek Thakur 6 years, 10 months ago

According to question %∆P=15 Q=300 Q1= 345 So, that %∆Qs = ∆Q/Q × 100 = 45/300 ×100 = 15 Es = %∆Qs/%∆P = 15/15 = 1 ( Unitary elastic)

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Gaurav Seth 6 years, 10 months ago

A 15% rise in the price of a commodity raises its supply from 300 units to 345 units. Calculate its Price Elasticity of Supply.

Ans.

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draw and compare the demand curves of a firm under perfect competition and monoply.

Posted by Pardeep Kumar 6 years, 10 months ago

CBSE > Class 12 > Economics

1 answers

Abhishek Thakur 6 years, 10 months ago

Demand curve under perfect competition is parallel to X-axis i.e. perfectly elastic because firm is price taker and it cant influence price Monopoly is a price maker so,that to increase their demand they should fall their price. So, that demand curve is downward sloping steeper demand curve.

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which of the point can be referred to as point of satiety?

Posted by Pardeep Kumar 6 years, 10 months ago

CBSE > Class 12 > Economics

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Abhishek Thakur 6 years, 10 months ago

When MU=0 and TU is maximum

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Ritu Manon 6 years, 10 months ago

The point where MU is 0

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keeping the welfare of the masses in mind the government should be very considerate in fixing the price of life saving drugs as their price elasticity of demand is

Posted by Pardeep Kumar 6 years, 10 months ago

CBSE > Class 12 > Economics

2 answers

Abhishek Thakur 6 years, 10 months ago

Relatively inelastic (ed <1) because it is a necessity commodity.

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Anand Arora 6 years, 10 months ago

Price elasticity of demand is less elastic beco.people are habitual

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what is the effect of a rise in income of consumer, with pices of ggod x and y remaining unchanged upon the budget line?

Posted by Pardeep Kumar 6 years, 10 months ago

CBSE > Class 12 > Economics

2 answers

Abhishek Thakur 6 years, 10 months ago

If price remain constant that means purchasing power of consumer will increase so,that budget line will shift to right.

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Ritu Manon 6 years, 10 months ago

Budget line will shift to its right

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what matters is the end use of goods??

Posted by Neeraj Chaudhary 6 years, 10 months ago

CBSE > Class 12 > Economics

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Abhishek Thakur 6 years, 10 months ago

End user means a person who use those good either for consumption (like household) or for investment (like producer's fixed assets.

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Piyush Bansal 6 years, 10 months ago

Milk for tea stall is intermediate good Milk is final good for consumer

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How budget helps in removing price stability

Posted by Hardik Jain 6 years, 10 months ago

CBSE > Class 12 > Economics

1 answers

Abhishek Thakur 6 years, 10 months ago

Dear your Question is wrong Question is how budget helps in price stability Government can use different fiscal policy instruments such as taxes and government expenditure to control fluctuations in price. In case of inflation government can increase taxes and reduces expenditure so that AD starts falling and inflation can be corrected. This policy is known as surplus budget policy and vice versa in case of deflation.

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The price elasticity of supply of commodity Y is half the price elasticity of supply of commodity x. 16% rise in price x results in 40 % rise in supply if the price of Y falls by 8% calculate the % fall in supply .

Posted by Priya Kumari 6 years, 10 months ago

CBSE > Class 12 > Economics

1 answers

Abhishek Thakur 6 years, 10 months ago

According to question Esy = 1/2 Esx Esx =%∆Qs/%∆P = 40/16= 2.5 Esy = 1/2 × Esx = 1/2 × 2.5=1.25 Esy = %∆Qs/%∆P 1.25 = %∆Qs/ -8 By cross multiplying %∆Qs = -10 Percentage fall in quantity supplied of good -Y= 10

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Explain with the help of IC approach

Posted by Shubham Thakur 6 years, 10 months ago

CBSE > Class 12 > Economics

1 answers

Piyush Bansal 6 years, 10 months ago

What

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Application of th multiplier principle in Indian economy

Posted by Aan Kur 6 years, 10 months ago

CBSE > Class 12 > Economics

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What is paid out cost

Posted by Ruth Hiro 6 years, 10 months ago

CBSE > Class 12 > Economics

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Difference between goods and commodity???

Posted by Jyoti Singh 6 years, 10 months ago

CBSE > Class 12 > Economics

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When ppc under in make in india how to draw curve

Posted by Kamal Jain 6 years, 10 months ago

CBSE > Class 12 > Economics

2 answers

Gaurav Seth 5 years, 8 months ago

<i>A production possibility frontier (PPF) / production possibility curve (PPC) shows the maximum possible output combinations of two goods or services an economy can achieve when all resources are fully and efficiently employed.</i>

Government's Make in India campaign aims at transforming the country into a global manufacturing hub and has already made a "tremendous" impact on the investment climate as evidenced by the growth in Foreign Direct Investment (FDI).

So, when investments increases by make in india campaign, it will make PPC shift rightward as production will increase. It represents economic growth.

Economic growth is an increase in what an economy can produce if it is using all its scarce resources. An increase in an economy's productive potential can be shown by an outward shift in the economy's production possibility frontier (PPF).

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Adil Faiz 6 years, 10 months ago

Ppc will shift towards left

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Example of micro economice variable is

Posted by Rahul Lohia 6 years, 10 months ago

CBSE > Class 12 > Economics

3 answers

Mayank Garg 6 years, 10 months ago

Labour, raw material

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Abhishek Thakur 6 years, 10 months ago

Micro economic variables are Demand, supply, individual income etc.

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Hardik Saxena 6 years, 10 months ago

Study of money at small level

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What is perfect mobility in perfect competition

Posted by Kaurgeous Mandeep 6 years, 10 months ago

CBSE > Class 12 > Economics

2 answers

Abhishek Thakur 6 years, 10 months ago

Perfect mobility means there is no contractual restrictions on factors of production like labour under perfect competition. So, they were free to take their decision. If it is profitable for them then they work with firm and if their is loss then they don't work and leave the industry.

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Gaurav Seth 6 years, 10 months ago

The existence of perfect competition depends on perfect mobility of factors of production. The factor should be free to move from one use to another easily depending on the remuneration they get.

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What are the externalities? explain their types.

Posted by Prajjwal Kumar 6 years, 10 months ago

CBSE > Class 12 > Economics

1 answers

Abhishek Thakur 6 years, 10 months ago

Externalities means benefits or harm causes by a person or economy because of the activities of others for which he doesn't rewarded or penalised. There are two types (a) positive externality (b) negative externality

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What are negative externalities?

Posted by Vâňšh Âřôřâ 6 years, 10 months ago

CBSE > Class 12 > Economics

3 answers

Abhishek Thakur 6 years, 10 months ago

It means harm caused by an individual for which he doesn't penalised. Example of negative externalities are:- Traffic jam, pollution, environmental degradation etc.

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Nivedida Mohan Babu 6 years, 10 months ago

it refers to the harms caused by an individual or institution for which they are not paid or penalised. eg :industries causing environmental pollution

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Japneet Singh 6 years, 10 months ago

Poisonous smoke from factories or chimneys

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Explain relationship between revenue deficit and fisical deficit

Posted by Akash Akash 6 years, 10 months ago

CBSE > Class 12 > Economics

1 answers

Abhishek Thakur 6 years, 10 months ago

Revenue deficit- it means excess of revenue expenditure over revenue receipt of the government. 1. It shows deficit of government of revenue (routine) nature. It doesn't show borrowing requirement. 2. It is a narrow concept than fiacal deficit. Fiscal deficit- it is the excess of total budget expenditure over total budget receipt except borrowing. 1. It shows total borrowing requirements of the government. 2. It is a broader concept than revenue deficit.

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Who wrote Buddha charita

Posted by Shaik Haris 6 years, 10 months ago

CBSE > Class 12 > Economics

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Skill india project M viva k question

Posted by Harvinder Ahlawat 6 years, 10 months ago

CBSE > Class 12 > Economics

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Consumer equilibrium on the basis of indifference curve..

Posted by Lalla Anand 6 years, 10 months ago

CBSE > Class 12 > Economics

1 answers

Nishu Ahlawat 6 years, 10 months ago

Consumer's Equilibrium on the basis of Indifference Curve occurs at the point where the indifference Curve and budget line interesect each other at the highest IC. Conditions :- MRSxy = Px / Py and MRS must mall continuously MRS - Slope of Indifference Curve Px / Py - Slope of Budget Line

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Objectives of government budget

Posted by Talha D 6 years, 10 months ago

CBSE > Class 12 > Economics

1 answers

Nishu Ahlawat 6 years, 10 months ago

Objectives :- 1) Allocation of resources 2) Economic Stability 3) Reducing Income inequalities 4) Reducing Regional Disparities 5) Maintenance of PSUs 6) Economic growth

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Meaning of credit rationing and withdrawal of credit rationing in chapter banking

Posted by Sarika Saini 6 years, 10 months ago

CBSE > Class 12 > Economics

1 answers

Tanisha Garg 6 years, 10 months ago

Credit rationing refers to the fixation of credit quotas for different business activities.Withdrwal of credit rationing is done to combat deflation in an economy.

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Both micro and macro eco. Have same degree of aggregation

Posted by Anchal Kumari 6 years, 10 months ago

CBSE > Class 12 > Economics

2 answers

Abhishek Thakur 6 years, 10 months ago

No Microeconomics is a study of an individual unit as a whole. There is a limited degree of aggregation for example -market supply of a good is sum of all individual supply of that good. It is aggregation of only one product supply. Whereas macroeconomics is a study of entire economy as a whole. For example Aggregate supply means supply of all types of goods and service and not only one particular good. So, that macroeconomics has high degree of aggregation then microeconomics.

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Sarika Saini 6 years, 10 months ago

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What is elasticity

Posted by Deepa Tangariya 6 years, 10 months ago

CBSE > Class 12 > Economics