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

AR is equal to MR, in the case of perfect competition (because price (AR) is constant, TR rises at constant rate thus MR also becomes constant and goes equal to AR) But in case of monopoly or polistic, MR is lower than AR beacause TR rises at diminishing rate, and MR falls faster than AR.

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Explain with the help of a hypothetical numerical example the assumption of diminishing marginal rate of substitute under the ordinal approach of theary of consumer's behavior

Posted by Sangita Mangkhya 6 years, 11 months ago

CBSE > Class 12 > Economics

0 answers

ANSWER

Why the ppc convex to the origin

Posted by Siddhant Kumar 6 years, 11 months ago

CBSE > Class 12 > Economics

3 answers

Nikhil Kumar 6 years, 11 months ago

Due to diminishing marginal rate of transformation

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Mohd Shariq Ms Raza 6 years, 11 months ago

It's refer to combination of price are decrease at the decrease rate Mrt is also decreasing at the decrease rate the shape of ppc is convex to the origin

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Nikunj Paliwal 6 years, 11 months ago

It is concave to the origin because of rising MRT

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Appreciation vs revaluation

Posted by Saloni Bharti 6 years, 11 months ago

CBSE > Class 12 > Economics

2 answers

Mohd Shariq Ms Raza 6 years, 11 months ago

appreciation is free play of market point of consumer and revaluation is reduced the cost good and services

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Muskan Khatri 6 years, 11 months ago

appreciation occurs by the free play of market forces, whereas revaluation is a measure of RBI to strengthen the economy, though both cause rise in currency value

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what is MPC

Posted by Preet Chourasiya 6 years, 11 months ago

CBSE > Class 12 > Economics

4 answers

Nikunj Paliwal 6 years, 11 months ago

It is the proportion of additional income spent on consumption

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Nikunj Paliwal 6 years, 11 months ago

Mpc=change in consumption /change in income

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Nitasha Yadav 6 years, 11 months ago

MPC=∆Income/∆Investment.

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Vansh Rastogi 6 years, 11 months ago

It the proportion of total Income to be spend on consumption.

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The value of Marginal Propensity to Consume is 0.6 and initial income in the economy is ₹100 crores. Prepare a schedule showing Income, Consumption and Saving. Also show the equilibrium level of income bu assuming autonomous investment of ₹80 crores

Posted by Piyush Gaurh 6 years, 11 months ago

CBSE > Class 12 > Economics

0 answers

ANSWER

Give justification for adopting the stategy of imdustrialization?

Posted by Loki Veo 6 years, 11 months ago

CBSE > Class 12 > Economics

1 answers

Nitasha Yadav 6 years, 11 months ago

if we adopted Strategy of industrialisation it increases the capacity of production increase employment and modernization of economy.

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An indifference curve does not touch either of the axes ;defend or Refute

Posted by Shilpi Tiwari 6 years, 11 months ago

CBSE > Class 12 > Economics

1 answers

Krish Kumar 6 years, 11 months ago

Indifference curve does not touch because if it touch x axis then consumption of good y is o and same in the x axis

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What is primary deficit

Posted by Naina Sharma 6 years, 11 months ago

CBSE > Class 12 > Economics

1 answers

Yash Sharma 6 years, 11 months ago

PRIMARY DEFICIET REFERS TO DIFFRENCE BETWEEN FISCAL DEFICIET OF THE CURRENT YEAR AND INTREST PAYMENT ON THE PREVIOUS BORROWINGS PRIMARY DEFICIET = FISCAL DEFICIET - INTREST PAYMENT ON THE PREVIOUS BORROWINGS

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Project file topic

Posted by Parvender Prajapati 6 years, 11 months ago

CBSE > Class 12 > Economics

1 answers

Mohd Shariq Ms Raza 6 years, 11 months ago

ITC Limited

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Show me all formulas of economic

Posted by Numacha Boy. Numacha 6 years, 11 months ago

CBSE > Class 12 > Economics

0 answers

ANSWER

What is ceteris paribus?

Posted by Lucky Negi 6 years, 11 months ago

CBSE > Class 12 > Economics

1 answers

Gaurav Seth 6 years, 11 months ago

Definition: This commonly-used phrase stands for 'all other things being unchanged or constant'. It is used in economics to rule out the possibility of 'other' factors changing, i.e. the specific causal relation between two variables is focused.

Description: This Latin phrase is generally used for saying 'with other things being the same'. It is particularly crucial in the study of cause and effect relationship between two specific variables such that other relevant factors influencing these are assumed to be constant by the assumption of Ceteris Paribus.

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The foloowing headlines appeared in the economic times 'import duty an crude oil raised by 5percent ' Anlalyse its impact. Use economic theory And diagram

Posted by Raghav Garg 6 years, 11 months ago

CBSE > Class 12 > Economics

0 answers

ANSWER

What is gift tax? Give ex.

Posted by Hari Shankar Yadav 6 years, 11 months ago

CBSE > Class 12 > Economics

0 answers

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An economic is in equilibrium. Find marginal propensity to consume from the following: National income= 2000 Autonomous consumption= 400 Investment expenditure= 200

Posted by Anuj Garg 6 years, 11 months ago

CBSE > Class 12 > Economics

1 answers

Sahin Kulsum 6 years, 11 months ago

Mpc is 0.7 I=s= 200 C=y-s C=2000-200=1800 Now c = a +(b) y 1800=200+ b2000 b =(1800-200)/2000 b= 1400/2000 b = 0.7

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Government of india has passed jan dhan yojna. What will be the affect on ppc?

Posted by Manni Singh 6 years, 11 months ago

CBSE > Class 12 > Economics

1 answers

Yogita Ingle 6 years, 11 months ago

Due to jan dhan yojana the people will open bank a/c their saving will move toward bank which they will invest and due to which investment in the economy will spurt ,resources in terms of capital investment increase due to which ppc will shift right and digital India will effect technology due to which ppc will move rightward

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1/LRR=?

Posted by Himanshu Chhimwal 6 years, 11 months ago

CBSE > Class 12 > Economics

2 answers

Mohd Shariq Ms Raza 6 years, 11 months ago

1/20% measure 5 times its a ans

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Manni Singh 6 years, 11 months ago

Money multiplier

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Define the process of investment multiplier for 6m..

Posted by Vishal Rjputt 6 years, 11 months ago

CBSE > Class 12 > Economics

1 answers

Vansh Rastogi 6 years, 11 months ago

I'll suggest you to refer book or the revision notes in app

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Derivation of consumption fuction from saving function

Posted by Tanu Aggarwal 6 years, 11 months ago

CBSE > Class 12 > Economics

1 answers

Vansh Rastogi 6 years, 11 months ago

I'll suggest you to refer book because it won't be possible to give this answer via text as it involves diagrams. :)

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What does classical school of thought say?

Posted by Prateek Narvekar 6 years, 11 months ago

CBSE > Class 12 > Economics

2 answers

Vansh Rastogi 6 years, 11 months ago

Is it a question of 12 Economics ??

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Pragya Tyagi 6 years, 11 months ago

Say about what??

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Plzz give answers to my questions

Posted by Namrata Deshpande 6 years, 11 months ago

CBSE > Class 12 > Economics

1 answers

Ashwin Periwal 6 years, 11 months ago

What is your ques?

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ANSWER

Explain the deteminants of perfect competition

Posted by Namrata Deshpande 6 years, 11 months ago

CBSE > Class 12 > Economics

2 answers

Mohd Shariq Ms Raza 6 years, 11 months ago

It's a mechanism contact consumer or producer in a market of goods and services perfect competition mean large number of buyer and seller with a homogeneous product government are not enter fare then are free entry or exit price are determined and slope downward industry price taker nd firm is price maker,

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Cbse Student 6 years, 11 months ago

Perfect competition market refers to a market situation where a large number of buyers and sellers are dealing in a homogeneous product. Also, there are no legal, social or technological barriers on the entry and exit of any firm. It means that any firm is free to enter the market when finds it profitable and can leave it when wishes to do so. Under the perfect competition market, the industry is the price maker and the firm is the price taker. It means that the price of the goods and the services are determined by the industry and they are accepted by the individual firms.

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What is effectice aggregate demand?

Posted by Shivam Goyal 6 years, 11 months ago

CBSE > Class 12 > Economics

2 answers

Ashwin Periwal 6 years, 11 months ago

A ques reated to this is given in our sample paper you can refer it.

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Yogita Ingle 6 years, 11 months ago

Effective Demand: It is that level of aggregate demand which becomes effective in determining equilibrium level of income because it is equal to aggregate supply.

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Explain the derivation of demand curve in the case of a single commodity

Posted by Namrata Deshpande 6 years, 11 months ago

CBSE > Class 12 > Economics

4 answers

Mohd Shariq Ms Raza 6 years, 11 months ago

Hmm full explanation karna h board me ?

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Cbse Student 6 years, 11 months ago

Jisko jse ans. Pta hai wase tho btaygaaa naa..ok

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Mohd Shariq Ms Raza 6 years, 11 months ago

anamika kitna explain kiya h yr short trick me bta deti

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Cbse Student 6 years, 11 months ago

n the case of a single commodity, the derivation of the demand curve is done with the help of the concept of diminishing marginal utility. Marginal utility is the satisfaction a person receives from consuming one unit of commodity. Similarly diminishing marginal utility means that the first unit of consumption of a good yields more utility than the second and as more units are purchased the less utility is derived from them. As long as the marginal utility of a commodity is greater than its price (MUx > Px), the consumer demand will be high till its marginal utility is equal to its price MUx = Px As more units of commodity X are purchased, its marginal utility diminishes. So at diminishing price, the quantity demanded of good X increases. The rational supports the notion of down slopping demand curve that when price falls, other things remaining the same, the quantity demanded of a good increases and vice verse.

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Explain the optimal choice if consumer with the help of diagram

Posted by Namrata Deshpande 6 years, 11 months ago

CBSE > Class 12 > Economics

0 answers

ANSWER

Different between change in quality supply and change in supply

Posted by Chirag Kashyap 6 years, 11 months ago

CBSE > Class 12 > Economics

1 answers

Cbse Student 6 years, 11 months ago

A change in supply is a change in the relationship between price and how much suppliers make, wheras a change in quantity supply is *any* change in the amount that gets bought and sold. So, for instance: If there is a disease that kills all the apple trees in new england, that makes it harder to grow apples, and the number of apples that would get grown at any given price changes. However, if apples just get more popular (more demand for apples), then the quantity supplied will change, but the "Supply" for apples, that is the relationship between price and quantity, won't change at all.

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What happen when mu get applied on education and money?

Posted by Pragya Raj 6 years, 11 months ago

CBSE > Class 12 > Economics

1 answers

Pragya Tyagi 6 years, 11 months ago

Education does not yield immediate satisfaction yet it proves to be a chioce that people make in spite of its price and money value. Besides you cannot measure the utility of education as it is a fundamental concept there is no choice whether to receive education or not. And for money the mu will always rìse bcoz you can never have enough of it. So the satisfaction never falls

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Explain the function of reserve bank

Posted by Namrata Deshpande 6 years, 11 months ago

CBSE > Class 12 > Economics

2 answers

Pragya Tyagi 6 years, 11 months ago

Can you explain banker to the govt in more detail??

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Gaurav Seth 6 years, 11 months ago

Functions of Reserve Bank

1. Issue of Notes —The Reserve Bank has the monopoly for printing the currency notes in the country. It has the sole right to issue currency notes of various denominations except one rupee note (which is issued by the Ministry of Finance). The Reserve Bank has adopted the Minimum Reserve System for issuing/printing the currency notes. Since 1957, it maintains gold and foreign exchange reserves of Rs. 200 Cr. of which at least Rs. 115 cr. should be in gold and remaining in the foreign currencies.

2. Banker to the Government–The second important function of the Reserve Bank is to act as the Banker, Agent and Adviser to the Government of India and states. It performs all the banking functions of the State and Central Government and it also tenders useful advice to the government on matters related to economic and monetary policy. It also manages the public debt of government.

3. Banker’s Bank:- The Reserve Bank performs the same functions for the other commercial banks as the other banks ordinarily perform for their customers. RBI lends money to all the commercial banks of the country.

4. Controller of the Credit:- The RBI undertakes the responsibility of controlling credit created by the commercial banks. RBI uses two methods to control the extra flow of money in the economy. These methods are quantitative and qualitative techniques to control and regulate the credit flow in the country. When RBI observes that the economy has sufficient money supply and it may cause inflationary situation in the country then it squeezes the money supply through its tight monatery control and vice versa.

5. Custodian of Foreign Reserves:-For the purpose of keeping the foreign exchange rates stable, the Reserve Bank buys and sells the foreign currencies and also protects the country's foreign exchange funds. RBI sells the foreign currency in the foreign exchange market when its supply decreases in the economy and vice-versa. Currently India has Foreign Exchange Reserve of around US$ 360bn.

6. Other Functions:-The Reserve Bank performs a number of other developmental works. These works include the function of clearing house arranging credit for agriculture (which has been transferred to NABARD) collecting and publishing the economic data, buying and selling of Government securities (gilt edge, treasury bills etc)and trade bills, giving loans to the Government buying and selling of valuable commodities etc. It also acts as the representative of Government in International Monetary Fund and represents the membership of India.

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