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

In the simple words, production function refers to the functional relationship between the quantity of a good produced (output) and factors of production (input).

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Properties of IC

Posted by Kavita S 7 years ago

CBSE > Class 12 > Economics

1 answers

Gaurav Seth 7 years ago

Properties of Indifference Curve

(i)Indifference curves slope downwards from left to the right.

(ii)Indifference curve is always convex to the origin.

(iii) Indifference curves can never touch or intersect each other.

(iv)A higher indifference curve represents a higher level of satisfaction.

(v)Indifference curve cannot touch either axis

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ANSWER

How can get average marks in economic

Posted by Shivam Singh 7 years ago

CBSE > Class 12 > Economics

1 answers

Riya Jain 7 years ago

If you want judt average marks then you just have to read theory of eco for once ..... You will definately carry more than average?

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Difference b/w demand and quantity demand??

Posted by Tanu Rai 7 years ago

CBSE > Class 12 > Economics

2 answers

Pragya Tyagi 7 years ago

Keeping other factors fixed

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Cbse Student 7 years ago

Demand bta diya aapko mene Quantity demanded refers to a specific quantity to be purchased against a specific price of the commodity

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ANSWER

What is quantity demand??

Posted by Tanu Rai 7 years ago

CBSE > Class 12 > Economics

1 answers

Cbse Student 7 years ago

Demand refers to desire yo buy commodity backed up with sufficient purchasing power and willingness to spend over it.....thanku

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Yr koi govt. Budget smja do plzz..

Posted by Cbse Student 7 years ago

CBSE > Class 12 > Economics

5 answers

Cbse Student 7 years ago

and plz..govt budget chaptr help me also .... Sistr

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Cbse Student 7 years ago

Yes right is saying you are doing?

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Riya ? 7 years ago

Economics on your tips is also best.... U can try it

1Thank You

Cbse Student 7 years ago

I did not understand me well commerce baba Video

2Thank You

Pragya Tyagi 7 years ago

You can see a video on utube. The channel is commercebaba.

1Thank You

ANSWER

What do you mean by BOP?

Posted by Cbse Student 7 years ago

CBSE > Class 12 > Economics

4 answers

Cbse Student 7 years ago

U have given an answe to a grl ...... Anyway... thanku so much sistrr

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Pragya Tyagi 7 years ago

Well no offense but a girl answered your question so you can just say Thanks Sis*

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Cbse Student 7 years ago

Thnaks bro

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Pragya Tyagi 7 years ago

BOP refers to an accounting statement which shows a systematic record of all the economic transactions taking place between the residents of a country and the rest of the world.

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ANSWER

Explain why there is demand for foreign exchange when its price falls

Posted by Anjali Phukan 7 years ago

CBSE > Class 12 > Economics

1 answers

Yogita Ingle 7 years ago

The demand for foreign currency fall and supply rises when its price rises because domestic goods become cheaper. It induces the foreign currency to increase their imports from the domestic country. When the price of the foreign currency increases, this implies that the domestic currency has increased in terms of the foreign currency.in other words, it means that the domestic currency has depreciated.
For example, if price of 1US dollar rises from Rs 53 to Rs 59, it implies that exports to US will increase as Indian goods will become relatively cheaper. It will raise the supply of US dollars.

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ANSWER

Can you give me toughest questions of microeconomics chapter 1

Posted by Vijay Patel 7 years ago

CBSE > Class 12 > Economics

4 answers

Abhay Pandey 7 years ago

Difference between rotation and shift in PPC

1Thank You

Risika Nath 7 years ago

Total concept of ppf along wid assumptions, schedule n diagrm

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Pragya Tyagi 7 years ago

Differentiate between positive and normative economics.

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Rajeev Rao 7 years ago

Who was the father of economics and in which year this idea was introduced?

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ANSWER

Define supply

Posted by Mohd Ovais 7 years ago

CBSE > Class 12 > Economics

1 answers

Gaurav Seth 7 years ago

Supply refers to the amount of a good or service that the producers/providers are willing and able to offer to the market at various prices during a period of time. There are two important aspects of supply:

Supply refers to what is offered for sale and not what is finally sold.
Supply is a flow. Hence, it is a certain quantity per day or week or month, etc.

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ANSWER

Using demand and supply curves,show how an increase in the price of shoes affect the price of socks and number of socks bought and sold??

Posted by Rahul Batra 7 years ago

CBSE > Class 12 > Economics

2 answers

Rahul Batra 7 years ago

Nx a lot

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Risika Nath 7 years ago

Curve will b as usual. As the price of shoe is rising then accordimg to law of demand the demand of the shoe will decrease accordingly the demand of socks will also decrease bt according to law of supply the supply of shoe n socks will increase and then the sellee will decrease its price n the prics will decrease till it comes to the equilibrium price

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ANSWER

Explain the impact of exchange rate on national income ??

Posted by Khush Kaushik 7 years ago

CBSE > Class 12 > Economics

0 answers

ANSWER

What happens to TU when MU is zero?

Posted by Ak Raghav 7 years ago

CBSE > Class 12 > Economics

4 answers

Jayant Khaiwal 7 years ago

When Mu is positive Tu rise When Mu is 0 Tu maximum When Mu is negative Tu falls

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Anish Patial 7 years ago

Tu is maximum

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Pragya Tyagi 7 years ago

Tu*

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Pragya Tyagi 7 years ago

Ru is maximum

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ANSWER

Mux

Posted by Priya Gupta 7 years ago

CBSE > Class 12 > Economics

1 answers

Cbse Student 7 years ago

Marginal utility

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What do you mean by spot market And forward market? Explain.

Posted by Cbse Student 7 years ago

CBSE > Class 12 > Economics

2 answers

Cbse Student 7 years ago

Thanku so much yr

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Yogita Ingle 7 years ago

Spot Market: If the operation is of daily nature, it is called spot market or current market. It handles only spot transactions or current transactions in foreign exchange.

Transactions are affected at prevailing rate of exchange at that point of time and delivery of foreign exchange is affected instantly. The exchange rate that prevails in the spot market for foreign exchange is called Spot Rate. Expressed alternatively, spot rate of exchange refers to the rate at which foreign currency is available on the spot.

Forward Market: A market in which foreign exchange is bought and sold for future delivery is known as Forward Market. It deals with transactions (sale and purchase of foreign exchange) which are contracted today but implemented sometimes in future. Exchange rate that prevails in a forward contract for purchase or sale of foreign exchange is called Forward Rate. Thus, forward rate is the rate at which a future contract for foreign currency is made.

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ANSWER

for a consumer to be in equilibrium why must MRS be equal to the ratio

Posted by Gautam Verma 7 years ago

CBSE > Class 12 > Economics

0 answers

ANSWER

What is inflationery gap

Posted by Suren Kumar 7 years ago

CBSE > Class 12 > Economics

2 answers

Mohd Usman 7 years ago

When aggregate demand is greater than aggregate supply as full employment level is called inflationary gap

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Prashant Sharma 7 years ago

It is the difference between actual aggregate demand raises or more than the required aggregate demand

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ANSWER

Difference between micro and macro economic

Posted by Khushi Chauhan 7 years ago

CBSE > Class 12 > Economics

1 answers

Mohit Sharma Mohit Sharma 7 years ago

Micro means small and macro means large. Micro economy is the study related to single (one) firm, industry etc. But macroeconomics is the study related to whole industry, whole firms, etc.

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ANSWER

Difference b/w budget set and budget line ??

Posted by Tanu Rai 7 years ago

CBSE > Class 12 > Economics

1 answers

Manita Kakkar 7 years ago

Budget line is line which shows possible combinations of two goods which consumer can easily afford them and budget set is refers to attainable combinations of two goods with given prices and income of the consumer

4Thank You

ANSWER

Give reason why oligopoly curve cannot be determined?

Posted by Manita Kakkar 7 years ago

CBSE > Class 12 > Economics

1 answers

Gaurav Seth 7 years ago

Oligopoly is that form of market where there are few sellers and the price output policy of one seller do not affect the price and output policy of the other sellers. In an oligopoly, sellers produce homogeneous goods or the close substitutes but not perfect substitutes of one another. It is a market form of imperfect competition with a few firms operating on a big scale of a commodity.
In this market, each seller has a significant share of the market and hence there is high interdependence among sellers regarding the price and output policy.

Demand curve in an oligopoly cannot be defined due to the high degree of interdependence among firms. Interdependence means that the actions of one firm depend on the actions of other firms. A firm is considers the policies of the rival firms while determining its price and output level. For Example change by any one firm in any of its product will induce other firms yo make changes in their output. So change in price or in output by one firm, affects other firms operating in the market.
That's why the demand curve in oligopoly is no identified or undetermined.

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What is real gdp and nominal gdp

Posted by Aman Malhotra 7 years ago

CBSE > Class 12 > Economics

1 answers

Abhay Pandey 7 years ago

When GDP is counted at the base year price it is called real GDP and when GDP is counted at the current year price it is called nominal GDP

4Thank You

ANSWER

What is denand

Posted by Jaswinder Singh 7 years ago

CBSE > Class 12 > Economics

2 answers

Cbse Student 7 years ago

Demand refer to different possible od a quantity that the consumer is ready to buy of different possible prices of the commodity Whereas, quantity demanded refers to a specific quantity to be purchase againt specific price of the quantity.

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Pragya Tyagi 7 years ago

When a consumer is willing and able to buy a good with his given income during a period of given time it is called demand.

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Explain why forms are mutually interdependent in an oligopoly market.

Posted by Monica Krmdb 7 years ago

CBSE > Class 12 > Economics

1 answers

Pragya Tyagi 7 years ago

To avoid price war

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What will be the impact of recently launched 'Clean India Mission" (Swachh Bharat Mission) on the production possibilities curve of the economy and why?

Posted by Monica Krmdb 7 years ago

CBSE > Class 12 > Economics

1 answers

Abhay Pandey 7 years ago

Cleanliness reduces chances of people falling ill and thus ensure better health and better health reduces the absenteeism of workers so it will be helpful to raise countries production potential rice in the potential shift PPC to the right.

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