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

There are the goods whose consumption decreases with increase in income like jowar , bajra etc. The demand of these goods decreases as the income of the consumer will increase he will prefer to buy wheat flour

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Ankush Raj 7 years, 4 months ago

Those are basically inferior goods

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ANSWER

-2=50/x-6×6/50

Posted by Zaan Samir 7 years, 4 months ago

CBSE > Class 12 > Economics

1 answers

Zeel Patel 7 years, 3 months ago

1.14

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ANSWER

If in an economy saving function is given by S= - 50 + 0.2Y and y = 2000crores ; consumption expenditure for the economy woulb be Rs. 1650crores and the autonomous investment is Rs.50crores and the MPC is 0.8 . True or False ? Justify your answer with proper calculations .

Posted by Divyanshi Bucha 7 years, 4 months ago

CBSE > Class 12 > Economics

1 answers

Zeel Patel 7 years, 4 months ago

It is true because when we equate the equation we will get saving=350 and consumtion is 1650 when we add both we will get income ie. 2000 and mpc=1-mps so mpc =0.8

2Thank You

ANSWER

A consumer consumes only two goods if price of one of the good falls , the indifference curve (A) shifts upwards (B) shifts downwards (C) can shift both upwards or downwards (D) does not shift

Posted by Divyanshi Bucha 7 years, 4 months ago

CBSE > Class 12 > Economics

1 answers

Zeel Patel 7 years, 4 months ago

D.does not shift

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ANSWER

A consumer consumes only two goods if price of one good falls , the indifference curve will move ?

Posted by Divyanshi Bucha 7 years, 4 months ago

CBSE > Class 12 > Economics

1 answers

Zeel Patel 7 years, 4 months ago

2Thank You

ANSWER

Can i choose GST as a topic for my economic project ? 2019 submission

Posted by Zaan Samir 7 years, 4 months ago

CBSE > Class 12 > Economics

3 answers

Zeel Patel 7 years, 4 months ago

If you want any help i can send you ppt

2Thank You

Zeel Patel 7 years, 4 months ago

Yeah i m also working on it

3Thank You

Gaurav Bansal 7 years, 4 months ago

Yes ....why not.

3Thank You

ANSWER

Sir personal income and disposable income is removed na

Posted by Raj Pandey 7 years, 4 months ago

CBSE > Class 12 > Economics

1 answers

Gaurav Bansal 7 years, 4 months ago

Yes

2Thank You

ANSWER

Equation of indifference curve

Posted by Surbhi Siwach 7 years, 4 months ago

CBSE > Class 12 > Economics

2 answers

Surbhi Siwach 7 years, 4 months ago

Yes

0Thank You

Zeel Patel 7 years, 4 months ago

Consumer equilibrium????

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ANSWER

Why is the short run MC curve U Shaped

Posted by Abhishek Verma 7 years, 4 months ago

CBSE > Class 12 > Economics

3 answers

Ishaa Yadav 7 years, 3 months ago

It is due to law of variable proportion according to which mp first rises then fall and at last becomes negative.

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Zeel Patel 7 years, 4 months ago

Because MC first decrease ,then it is constant and last it starts increasing

1Thank You

Kunal Patel 7 years, 4 months ago

Due to law of variable proportion

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ANSWER

Differnce between AR,MR and TR

Posted by Gurpreet Walia 7 years, 4 months ago

CBSE > Class 12 > Economics

1 answers

Zeel Patel 7 years, 4 months ago

AR increases as long as MR is higher than AR AR is maximum and constant when MR is equal to AR AR falls when MR starts falling TR rises as long as MR is positive. TR is at its maximum point when MR is zero TR starts falling when MR becomes negative

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ANSWER

MP?

Posted by Gurpreet Walia 7 years, 4 months ago

CBSE > Class 12 > Economics

2 answers

Zeel Patel 7 years, 4 months ago

An additional to the total product(TP) is called MP

2Thank You

Kunal Patel 7 years, 4 months ago

Marginal product

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ANSWER

Calculate .(a)GDPfc . (b) factor income to abroad Items included: Gnpfc 3750 ,compensation of employees 2000,net exports _50,profit 700,net domestic capital formation 1000,opening stock 150,closing stock 200,gross fixed capital formation 1050,interest 600,rent 400,factor income from abroad 20.

Posted by Pravesh Gupta 7 years, 4 months ago

CBSE > Class 12 > Economics

1 answers

Zeel Patel 7 years, 4 months ago

Gdpfc=3750+net factor income from abroad =3750+20 =3770 Net factor income to abroad is 0

7Thank You

ANSWER

What is return to factor? Explain with example

Posted by Gurpreet Walia 7 years, 4 months ago

CBSE > Class 12 > Economics

1 answers

Gaurav Seth 7 years, 4 months ago

Returns to a factor It refers to the behaviour of output when only one variable factor of production is increased in short-run and fixed factors remain constant.
Law of diminishing returns to a factor It refers to a situation in which total output increases at a diminishing rate when more and more variable factor is combined with the fixed factor of production. In this situation, Marginal Product of the variable factor must be diminishing.

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ANSWER

Bonus will be included in national income ?

Posted by Kamal Bisht 7 years, 4 months ago

CBSE > Class 12 > Economics

1 answers

Zeel Patel 7 years, 4 months ago

Yes it will be included as it will result in greater productivity as it will make them realise to give there productive services

1Thank You

ANSWER

Sir, economics me kuch chapter hat gye h n.... jaise private income disposal income etc..

Posted by Aisha Singh 7 years, 4 months ago

CBSE > Class 12 > Economics

2 answers

Aisha Singh 7 years, 4 months ago

But issme jo notes h ussme diye huye h sb topics jo delete ho gye h ....

0Thank You

Tanya Jain 7 years, 4 months ago

yes

3Thank You

ANSWER

Why is ppc is cancave to origin

Posted by Gaurav Kr. 7 years, 4 months ago

CBSE > Class 12 > Economics

1 answers

Zeel Patel 7 years, 4 months ago

Ppc is concave to the origin because of MRT(marginal rate of transformation) for increase in one quantity of good other good has to be sacrifice so it will lead to downfall of ppc and will make it concave shape

1Thank You

ANSWER

What is meant to be inelastic demand? Compare it with the perfectly inelastic demand ?

Posted by Shahnawaz Gazi 7 years, 4 months ago

CBSE > Class 12 > Economics

2 answers

Zeel Patel 7 years, 4 months ago

Inelastic demand is that demand which are highly neccesary example colgate.In exam we have to just justify whether it is elastic or inelastic examinar will give marks

1Thank You

Gaurav Kr. 7 years, 4 months ago

When price elasticity is less than 1 ( (Es←1) so demand is inelastic

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ANSWER

Supply curve is rising portion of MC curve over and above the minimum average variable cost curve Explain

Posted by Charu Gautam 7 years, 4 months ago

CBSE > Class 12 > Economics

1 answers

Ashish Singh 7 years, 4 months ago

Yes

1Thank You

ANSWER

Credit creation by commercial banks

Posted by Anesh Khemani 7 years, 4 months ago

CBSE > Class 12 > Economics

3 answers

Zeel Patel 7 years, 4 months ago

Suppose initial deposits of bank is 1000 and LRR is 20%.it means banks are require to keep only 200 rs as cash reserve and free to land 800 rs. Now when it provide loan to other person in there bank account than according to other bank there cash reserve will be only 160 and will lend other money on loan Now when 2nd bank will provide loan to 3rd bank 3rd bank will reserve 128rs and give 512 on loan the process will be continue till it becomes zero. To find money multiplier there is one formula that is (100/LRR)×initial deposits. For this sum it would be (100/LRR)×initial deposit (100/20)1000 5×1000=5000

1Thank You

Divya Dalmia 7 years, 4 months ago

Sorry yogita ingle i think there is one mistake two primary function of bank are acceptance of deposits and advancement of loans

0Thank You

Yogita Ingle 7 years, 4 months ago

Commercial banks increases the flow of money in an economy by credit creation. This process of credit creation is an outcome of its two primary functions, i.e. acceptance of loans and advancement of deposits. The banks issue loans from their cash reserves with the confidence on their historical experience that all depositors will not withdraw their funds at the same time. In this way, commercial banks create credit many more times than their cash reserves and contributes to increase money supply in the economy. It depends on initial level of deposits and money multiplier.

1Thank You

ANSWER

Expenditure policy?

Posted by Krishna Thakur 7 years, 4 months ago

CBSE > Class 12 > Economics

1 answers

Zeel Patel 7 years, 4 months ago

I dont understand your question

0Thank You

ANSWER

Why AR is called price

Posted by Anesh Khemani 7 years, 4 months ago

CBSE > Class 12 > Economics

1 answers

Kanu Singh 7 years, 4 months ago

Since AR=TR/Quantity or n. 1 And TR=Quantity×price. 2 Therfore substituting 2 into 1 we get AR = quantity×price/quantity AR=price

3Thank You

ANSWER

Relationship bet AR MR

Posted by Anesh Khemani 7 years, 4 months ago

CBSE > Class 12 > Economics

2 answers

Kanu Singh 7 years, 4 months ago

And after both MR and AR falls

1Thank You

Kanu Singh 7 years, 4 months ago

When MR>AR ,,so AR rises When MR=AR,,thanAR maximum and constnt When MR<AR,,than AR falls

2Thank You

ANSWER

Relationship bet TR andMR

Posted by Anesh Khemani 7 years, 4 months ago

CBSE > Class 12 > Economics

1 answers

Gaurav Seth 7 years, 4 months ago

Relationship between Marginal Revenue and Total Revenue is as follows:
(i) TR increases at increasing rate, if MR is increasing.
(ii) TR increases at diminishing rate, if MR is diminishing.
(iii) TR is constant and maximum, if MR is zero.
(iv) TR decreases, when MR becomes negative.

4Thank You

ANSWER

total cost change due to change in total fixed cost? true or false

Posted by Sakshi Ojha 7 years, 4 months ago

CBSE > Class 12 > Economics