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

In project of economics...we have to select a topic nd then make a project...giving detailed information about it...you have to choose topic related to economics either within the course or from outside the course...but do remember the topic must b related to economics...hope it helped...i hav e choosen the topic monopolistic market...and u may take suggestions from other students in this app...??

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What is consumption goods?

Posted by Tushar Sharma 7 years, 2 months ago

CBSE > Class 12 > Economics

1 answers

Shivangi Goel 7 years, 2 months ago

Consumption goods are those goods which are directly used for the satisfaction of human wants...These are not used in the priduction of other goods...Example,,, Ice cream , furniture , milk used by households....

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When there are diminishing return to a factor ,total product first increases then start falling. Is it true or false ? Give reason.

Posted by Ekta Yadav 7 years, 2 months ago

CBSE > Class 12 > Economics

2 answers

Deepak Kumar 7 years, 2 months ago

1.increasing retuns .....Mp inreases , Tp increses at an increasing rate. 2.Diminishing returns .....MP decreases , TP increases at an decreasing rate. 3.MP = 0 , TP is highest ans constant. 4.Negative returns.....MP becomes negative , TP starts falling .

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Dheeraj Ankush Rai 7 years, 2 months ago

See first TP increases at increasing rate then this stage is known as increasing and and here marginal product increases second TP increases at decreasing rate and marginal product decreases and this stage is known as diminishing return at last TP declines and MP becomes negative this stage is known as negative Returns

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If mpc is four times mps and consumption at zero level of income is 70 crises derive the consumption function

Posted by Satish Dalal 7 years, 2 months ago

CBSE > Class 12 > Economics

2 answers

Deepa Singh 7 years, 2 months ago

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Rohit Gupta 7 years, 2 months ago

Jffv

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When MR is less than MC what do by producer to mixmume his profit?

Posted by Nitasha Yadav 7 years, 2 months ago

CBSE > Class 12 > Economics

2 answers

Deepak Kumar 7 years, 2 months ago

MR < MC , it is the situation of loss.

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Samira . 7 years, 2 months ago

This is a case of subnormal profit . Proper methods / plans should be made by company to overcome its losses . So that its marginal revenue increases . This should be done till MR becomes equal to MC.

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why are transfer payments not included while calculating national income ?

Posted by Jagdeep Kaur Chhina 7 years, 2 months ago

CBSE > Class 12 > Economics

1 answers

Shivangi Goel 7 years, 2 months ago

Transfer payments are the one sided payment and also not gained in the return of lender the factor of production...And as we know,, national income is the sum total of factor incomes...

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What is central economy problem

Posted by Mohit Kapoor 7 years, 2 months ago

CBSE > Class 12 > Economics

1 answers

Nitasha Yadav 7 years, 2 months ago

What to produce..How to produce.. whom to produce.

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What is the reason behind negative slope in demand curve

Posted by Anjali Gupta 7 years, 2 months ago

CBSE > Class 12 > Economics

2 answers

Deepak Kumar 7 years, 2 months ago

Because demand is inversely related to its price. And according to law of demand...when price increases than demand decreases and vice versa..so that demand curve is negatively sloped.

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Samira . 7 years, 2 months ago

Rise in marginal opportunity cost . If we want to consume more amount of good X then we have to sacrifice some amounts of good Y . And also because of law diminishing marginal utility.

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Diffrence between Inferior goods and giffen goods..??? ( 3 marks)...

Posted by Shivangi Goel 7 years, 2 months ago

CBSE > Class 12 > Economics

2 answers

Shivangi Goel 7 years, 2 months ago

Nice answer,, thanks...

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Samrat Taak 7 years, 2 months ago

Inferior good is a good whose demand increases when the consumer's income decreases and whose demand decreases as the consumer's income increases. For example, secondhand cars are cheaper. If my income is low, I would buy a secondhand car, and as my income rises, I would prefer a brand new car that I can afford. So, inferiority, in a sense, refers to the easy affordability of the good at lower consumer income, compared to the costly substitute. Giffen good is a special type of inferior good whose demand increases as the price of the good increases (effective consumer income decreases due to price increase). An example could be rice which is a staple food of a region and majority of the food consumption is rice that cannot be substituted. What will happen? Even if the price of rice increases, there is no substitute for rice in the food basket, so its demand does not fall. This disobeys the fundamental law of demand, i.e. demand decreases as price increases.

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How does budget line effect?

Posted by Aniket Singh 7 years, 2 months ago

CBSE > Class 12 > Economics

2 answers

Shivangi Goel 7 years, 2 months ago

And also by change in the price of good x or y...

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Samira . 7 years, 2 months ago

Budget line is effected by income i.e.rise or fall .

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Why balance of payments is always balance

Posted by Anchal Mehta 5 years, 8 months ago

CBSE > Class 12 > Economics

0 answers

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From the following data, calculate GNPatMP and NNP at FC 1) government purchases of goods and services =48 2)NIT=463) 3)Dep=44 4)Net exports = - 8 5)Gross investment =48 6)Personal consumption expenditure =322 7)NFIA= - 2

Posted by Aditi Saxena 7 years, 2 months ago

CBSE > Class 12 > Economics

2 answers

Deepak Kumar 7 years, 2 months ago

GDPmp = GFCE ( 482 ) + PFCE(3227) + NE(-85 ) + GDFC( 486 ) = 5193-85 = 5108 GDPmp= 5108 GNPmp= GDPmp+ NFIA GNPmp=5108+ (-2) = 5106..........Answer NNPmp= GNPmp--Dep. 5106--444 = 4662 NNP at fc = NNPmp --nit 4662--463 NNP at FC =. 4199 .......................Answer

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Deepak Kumar 7 years, 2 months ago

GDPmp = govt final consumption expenditure ( 482) + Private final consumption expenditure (3227 +

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Gold standard system and Bretton Woods system please explain this?

Posted by Nitasha Yadav 7 years, 2 months ago

CBSE > Class 12 > Economics

1 answers

Shivangi Goel 7 years, 2 months ago

Gold standard system of exchange.. In this,, each country was to define value of its currency in terms of gold.. Accordingly , value of one currency in terms of other currency was fixed consedering gold value of each currency... Bretten woods system of exchange.. It is also called adjustable peg system as in this each country relates its currency value from a strong currency and the value of strong currency is determined in golds ,, so by a type of adjustment ultimately each country relates its value from the gold...

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Can any one give topic for project in economics

Posted by Monica Krmdb 7 years, 2 months ago

CBSE > Class 12 > Economics

3 answers

Ruchi Kumari 7 years, 2 months ago

Demand is perfect for project

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Lakshita Sharma 7 years, 2 months ago

1)Monopolistic market... 2)Oligopoly... are awesome topics for project of economics...

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Samira . 7 years, 2 months ago

Good supply channel in our India,goods and service tax .

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What is price consumption curve???

Posted by Shivangi Goel 7 years, 2 months ago

CBSE > Class 12 > Economics

0 answers

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Calculate the average and marginal product from the following Unit of labour =1,2,3,4,5,6,7 Total product =20,36,48,56,60,60,56,

Posted by Harish Dhuri 7 years, 2 months ago

CBSE > Class 12 > Economics

2 answers

Samira . 7 years, 2 months ago

Formula for calculating marginal product= T(2)- T(1). For example 36-20=16. Formula for calculating average product = total product / unit of labour .For example 36/2= 18.

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Samira . 7 years, 2 months ago

Marginal product = 20,16,12,8,4,0,-4. Aberage product= 20,18,16,14,12,10,8.

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Central problems of economy what to produce how to produce for whom to produce

Posted by Prathmesh More 7 years, 2 months ago

CBSE > Class 12 > Economics

1 answers

Samira . 7 years, 2 months ago

In what to produce we have a choice of two goods that are consumer goods and capital goods, in case of how to produce we have two techniques i.e. capital intesive technique ( in which machines are used for production ) and labour intensive technique ( in which labour is used for production ) . For whom to produce include rich and poor people .

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How start a project

Posted by Prinka Yadav 7 years, 2 months ago

CBSE > Class 12 > Economics

1 answers

Vaseem Khan 7 years, 2 months ago

how start project

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C=100+0.4y , investment =1100. Find national income,consumtion ..

Posted by Abbishek Rai 7 years, 2 months ago

CBSE > Class 12 > Economics

1 answers

Nitasha Yadav 7 years, 2 months ago

Y=C+I ..Y=100+(0.4)y+1100..Y- (0.4)=100+1100..0.6Y=1200 ..Y =1200÷0.6=2000

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PPC and what to produce

Posted by Aman Jaiswal 7 years, 2 months ago

CBSE > Class 12 > Economics

2 answers

Samira . 7 years, 2 months ago

Relationship between PPC amd what to produce is shown by the combinations on curve . If one wants to produce more of good - X then he has to sacrifice with good-Y and vice- versa . What to produce means whether to produce good - X or good - Y . In the diagram just draw a PPc curve and show two combinations .

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Nitasha Yadav 7 years, 2 months ago

It is a graphical representation which shows various companies of good X and good Y in resources and technology

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How much unit of a commodity will u costume if u don't have to pay any price of it

Posted by Saurabh Sanwal 7 years, 2 months ago

CBSE > Class 12 > Economics

2 answers

Samira . 7 years, 2 months ago

Jab tak hamara satisfaction high peak par nahi pahunch jata . Nitasha has explained this in economics language . Our TU is maximum when MU becomes zero so she is right in her way . ????

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Nitasha Yadav 7 years, 2 months ago

we consume units of commodity that level when our mu became zero

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Which form of market has perfectly elastic demand curve ?

Posted by Nikhil More 7 years, 2 months ago

CBSE > Class 12 > Economics

1 answers

Nitasha Yadav 7 years, 2 months ago

Perfect market competition

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Mrs >px/py me kya ho ga

Posted by Abhishek Pandey 7 years, 2 months ago

CBSE > Class 12 > Economics

0 answers

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The coefficient of price elasticity of demand of a commodity is (-)1.5. Caculate the percentage change in total expenditure on it when price falls by 10%.

Posted by Ayush Sachan 7 years, 2 months ago

CBSE > Class 12 > Economics

2 answers

Samira . 7 years, 2 months ago

But how is it related to expenditure??i wanna know .

1Thank You

Samira . 7 years, 2 months ago

Elasticity of demand = percentage change in quantity demanded /percentage change in price ;;;;; -1.5=%change in demand/ 10%= 15%change . 15 is correct answer for percentage change in demand .

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In case of griffin goods when price of commodity falls ,its demand also falls ...why??

Posted by Antima Agarwal 7 years, 2 months ago

CBSE > Class 12 > Economics

1 answers

Samira . 7 years, 2 months ago

Giifen goods are highly low quality goods if it's price falls than it means that people can buy another thing instead of it . That's why they move towards other goods . When i was reading this chapter i have also a thought about itin my mind but i found its answer in my genious brain so before asking think about a topic and i am sure you will also find anwer yourself.

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Why BOP is neccesary in a country

Posted by Vinay Jain 7 years, 2 months ago

CBSE > Class 12 > Economics