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    • Posted by Anesh Khemani 7 years ago

    CBSE > Class 12 > Economics
    • 1 answers

    Gaurav Seth 7 years ago

    Price ceiling It means maximum price of a commodity that the sellers can charge from the buyers. It is fixed by the government to protect the consumers and generally fixed below the equilibrium price.

    (ii)Price floor It means the minimum price fixed by the government for a commodity in the market at which a good can be sold. It is fixed in order to protect the producers and generally fixed above the equilibrium price.

    5Thank You

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    • Posted by Anesh Khemani 7 years ago

    CBSE > Class 12 > Economics
    • 1 answers

    Yogita Ingle 7 years ago

    Market equilibrium refers to that point which has come to be established under a given condition of demand and supply and has a tendency to stick to that level, i.e. where Demand = Supply.
     If due to some disturbance we divert from our position the economic forces will work in such a manner that it could be driven back to its original position, i.e., where Demand = Supply. In short it is the position of rest.

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    • Posted by Anesh Khemani 7 years ago

    CBSE > Class 12 > Economics
    • 1 answers

    Gaurav Seth 7 years ago

    1. ac and avc are 'U' shaped due to law of variable proportion. AFC is a rectangular hyperbola curve. 

    2.As output increases the gap between AC and AVC diminishes because their gap is AFC which is continously falling. 

    3.However,it is to be noted that AC and AVC never intersect eachother because their gap is AFC which can be never zero. 

    4.As output increases the gap between AC and AFC increases beacuse AFC is a rectrngular hyperbola where as AC is 'U' shaped.

    2Thank You

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    • Posted by Harman Saroya 7 years ago

    CBSE > Class 12 > Economics
    • 3 answers

    Aayushi . 7 years ago

    Government budget is a statement of the estimates of the government receipts and government expenditure during the period of the financial year. It reveals fiscal policy (budgetary policy) of the government,focusing on growth and stability of the economy..

    1Thank You

    Kanu Singh 7 years ago

    It is an estimated statement.

    1Thank You

    Gaurav Seth 7 years ago

    Government Budget: A government budget is annual statement showing receipts and expenditures during a fiscal year.

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    • Posted by Puja Kumari 7 years ago

    CBSE > Class 12 > Economics
    • 1 answers

    Gaurav Seth 7 years ago

    In a simple economy, there are firms and household sector’s economic activity. People from households render factor services to firms and firms hire factor services from households. Households spend their earned income completely on consumption. Products which are produced by firms are sold to consumers; assuming that there is no external trade and no government in the economy.

    i. Total production of goods and services by firms are equal to the consumption of goods and services by firms.

    ii. Factor payments by firms are equal to the factor incomes of the household sector.

    iii. Consumption expenditure of household sector is equal to income of the household sector.

    iv. Money flows are opposite to real flows because factor services flows from households to firms are real flows and the factor payments made by firms to households are money flows.

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    • Posted by Aniket Singh 7 years ago

    CBSE > Class 12 > Economics
    • 1 answers

    Aayushi . 7 years ago

    Repo rate refers to the rate at which RBI offers loans to the commercial banks but NOT without collateral ( the securities which are pledged as a security for loans). Repo rate allows repurchase of securities. Repo rate relates to short - term borrowings by the commercial banks.

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    • Posted by Priya Choudhary 7 years ago

    CBSE > Class 12 > Economics
    • 0 answers
    ANSWER

    • Posted by Kashish . 7 years ago

    CBSE > Class 12 > Economics
    • 0 answers
    ANSWER

    • Posted by Pranav Vernekar 7 years ago

    CBSE > Class 12 > Economics
    • 1 answers

    Pranav Vernekar 7 years ago

    A cost function is a mathematical formula used to used to chart how production expenses will change at different output levels. In other words, it estimates the total cost of production given a specific quantity produced.

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    • Posted by Joban Padda 7 years ago

    CBSE > Class 12 > Economics
    • 1 answers

    Gaurav Seth 7 years ago

    The main reason for this 'U' shaped AC curve is the operation of the law of variable proportion. We know as output increases, law of increasing return operates in the initial stages. At this stage, when a firm increases its output, it gets economies and the result is decline in Average Cost

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    • Posted by Nitin Ydv 7 years ago

    CBSE > Class 12 > Economics
    • 0 answers
    ANSWER

    • Posted by Lucky Lol 7 years ago

    CBSE > Class 12 > Economics
    • 0 answers
    ANSWER

    • Posted by Nishtha Kain 7 years ago

    CBSE > Class 12 > Economics
    • 1 answers

    Charu Gautam 7 years ago

    Gst is a tax on value addition a rise in tax would raise the cost of production or the cost of rendering service accordingly a producer would willing to sell the existing quantity only at a higher price or he would be willing to sell less quamtity at existing price This is the situation of decrease in supply or backward shift in supply curve

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    • Posted by Pravesh Gupta 7 years ago

    CBSE > Class 12 > Economics
    • 1 answers

    Naman Ojha 7 years ago

    Cartal is a community of members in oligopoly market form who maintenance the group behavior police in price decision and output level to avoid price war among them.

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    • Posted by Aarchi Ahuja 7 years ago

    CBSE > Class 12 > Economics
    • 1 answers

    Siya Makker 7 years ago

    Till.... Price of good is equal to the ..money worth of satisfaction the concerned commodity gives

    1Thank You

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    • Posted by Neeraj Singh 7 years ago

    CBSE > Class 12 > Economics
    • 1 answers

    Kanu Singh 7 years ago

    Printing of new currency by the RBI to cover up the deficit in the govt budget

    5Thank You

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    • Posted by S V 7 years ago

    CBSE > Class 12 > Economics
    • 1 answers

    Kanu Singh 7 years ago

    Expected min. And super normal Profit is an implict cost.

    2Thank You

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    • Posted by Anik Singha 7 years ago

    CBSE > Class 12 > Economics
    • 2 answers

    Navtesh Maurya 7 years ago

    GDFC = GDMP - NIT GDFC = GDMP -(INDIRECT TAX - SUBSIDY )

    0Thank You

    Ritika Garg 7 years ago

    GDFC = Gross domestic fixed capital formation(GDfCF)+ change in stock. GDfCF means purchase of new assests or construction of new assests.

    1Thank You

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    • Posted by Bashuki Mishra 7 years, 1 month ago

    CBSE > Class 12 > Economics
    • 0 answers
    ANSWER

    • Posted by Naman Bhadoriya 7 years, 1 month ago

    CBSE > Class 12 > Economics
    • 2 answers

    Kartikey Dubey 7 years, 1 month ago

    Which remarks how much units of good x we have to sacrifice in order to get more units of good y

    1Thank You

    Kartikey Dubey 7 years, 1 month ago

    It is commonly known as Marginal Opportunity cost

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    • Posted by Lucky Saini 7 years, 1 month ago

    CBSE > Class 12 > Economics
    • 1 answers

    Kartikey Dubey 7 years, 1 month ago

    it is the situation when Revenue Expenditure exceeds Revenue Receipt

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    • Posted by Sharad Patel 7 years, 1 month ago

    CBSE > Class 12 > Economics
    • 1 answers

    Kartikey Dubey 7 years, 1 month ago

    It is the sum total of cost that varies directly with level of out put

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    • Posted by Gomshi Sengar 7 years, 1 month ago

    CBSE > Class 12 > Economics
    • 1 answers

    Riya Jain 7 years ago

    You can see marks distribution unitwise, check out in any of your book.

    1Thank You

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    • Posted by Sahil Chettri 7 years, 1 month ago

    CBSE > Class 12 > Economics
    • 1 answers

    Yogita Ingle 7 years, 1 month ago

    Capitalism Socialism
    Capitalism refers to the economic system prevalent in the country, where there is private or corporate ownership on the trade and industry. The economic structure in which the government has ownership and control over the economic activities of the country is known as Socialism.
    Principle of Individual Rights Principle of Equality
    Innovation and individual goals Equality and fairness in society
    Each individual works for the creation of his own wealth Equally shared by all the people of the country

     

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    • Posted by Maninder Saini 7 years, 1 month ago

    CBSE > Class 12 > Economics
    • 2 answers

    Deepak Kumar 7 years ago

    MUx / Px = MUy / Py

    1Thank You

    Riteeka Sehrawat 7 years, 1 month ago

    Mx/Px=My/Py

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    • Posted by Niki Saini 7 years, 1 month ago

    CBSE > Class 12 > Economics
    • 1 answers

    Kanu Singh 7 years, 1 month ago

    It is the cost of next best alternative foregone.

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    • Posted by Sajal Agarwal 7 years, 1 month ago

    CBSE > Class 12 > Economics
    • 2 answers

    Sajal Agarwal 7 years ago

    Thank you.But can you more explain about the answer please

    1Thank You

    Kanu Singh 7 years, 1 month ago

    It is the situation when the firm is not able to cover its total cost. It is able to cover its variable cost only. So here AR=AVC.

    1Thank You

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    • Posted by Sajal Agarwal 7 years, 1 month ago

    CBSE > Class 12 > Economics
    • 1 answers

    Kanu Singh 7 years, 1 month ago

    It is true. MRS should be diminishing i.e The indifference curve should be convex to the origin to be at equilibrium.

    1Thank You

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    • Posted by Muskan Agarwal 7 years, 1 month ago

    CBSE > Class 12 > Economics
    • 0 answers
    ANSWER

    • Posted by Mni Kshp 7 years, 1 month ago

    CBSE > Class 12 > Economics
    • 1 answers

    Kanu Singh 7 years, 1 month ago

    TR is total revenue recieved from sale of particular quantiy of an output. MR is the revenue reciept from sale of an additional unit of an output. AR is the revenue per unit of output sold. Relation- When mr>ar than ar rises When mr =ar than ar is at maximum and conatant When mr <ar than ar falls

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