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Explain meaning of diminishing marginal rate of substitution with example

Posted by Navdeep Singh Sandhu 7 years, 3 months ago

CBSE > Class 12 > Economics

1 answers

Aashiriti Singh 7 years, 3 months ago

With increase in consumption of commodity our marginal utility or satisfaction decreases with succesive stage

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Difference between coordinal utility and ordinal utility

Posted by Varnika Sharma 7 years, 3 months ago

CBSE > Class 12 > Economics

1 answers

Pankhuri Dokania 7 years, 3 months ago

Cardinal utility:-utility which can be expressed in terms of numbers,like 2,4,6.and ordinal utility :-utility which can be expressed in terms of higher or lower level of satisfaction.

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cbse last year sept paper

Posted by Paniter Singh 7 years, 3 months ago

CBSE > Class 12 > Economics

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What is consumption function with schedule and graph

Posted by Sakshi Pandey 7 years, 3 months ago

CBSE > Class 12 > Economics

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Is payment of interest by a firm to a bank treated in estimation of national income

Posted by Anu Singh 7 years, 3 months ago

CBSE > Class 12 > Economics

1 answers

Tanya Jain 7 years, 3 months ago

payment to a firm by a bank:it should be included while estimating national income because a firm takes loan for its productive purpose

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Why do central problems arise? Explain

Posted by Varnika Sharma 7 years, 3 months ago

CBSE > Class 12 > Economics

1 answers

Shivangi Goel 7 years, 3 months ago

There are three central problems which are ..What to produce, ...How to produce....For whom to produce.....These problems arising out of the fact that ..1 Resources are scare...2 Resources have alternative uses...3 Wants and uses are unlimited..

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what is excess supply ? explain with help of diagram

Posted by Gurman Singh 7 years, 3 months ago

CBSE > Class 12 > Economics

1 answers

Anand Raj 7 years, 3 months ago

A situation in which the market supply of commodity is greater than the market demand for it thus causing its market price to fall

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Explain relation between foreign exchange rate and demand for foreign exchange with examples

Posted by Elizabeth Benny 7 years, 4 months ago

CBSE > Class 12 > Economics

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What is difference between the cost of production ,cost of factors production,price & price of other goods

Posted by Anand Raj 7 years, 4 months ago

CBSE > Class 12 > Economics

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What is meant by marginal utility of money

Posted by Varsha Sharma 7 years, 4 months ago

CBSE > Class 12 > Economics

2 answers

Sakshi Jain 7 years, 3 months ago

It is additional utility in total utility as consumption increase by one unit of a comidity.

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Shivani Jindal 7 years, 4 months ago

It is the addition of new variable and the change in total production with the addition of a new unit

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Distinguish between attainable and non-attainable combination of a set of two goods. Draw a suitable diagram.

Posted by Varsha Sharma 7 years, 4 months ago

CBSE > Class 12 > Economics

1 answers

Shivani Jindal 5 years, 1 month ago

Attainable means those goods which are fully utilised and on slope but if points are in beyond the slope than it is called as non attainable goods

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How many units of a commodity should a consumer buy to get a maximum utility. Explain with the help of numerical example

Posted by Varsha Sharma 7 years, 4 months ago

CBSE > Class 12 > Economics

2 answers

Sakshi Jain 7 years, 3 months ago

Marginal utility = price of the comidity Example_ The price of banana is Rs 2/banana. No. Of bananas Total utility. Marginal utility 1. 5. 5 2. 9.5. 4.5 3. 13.5. 4 4. 17. 3.5 5. 20. 3 6. 22.5. 2.5 7. 24.5. 2 8. 26. 1.5 Then consumer will buy 7 bananas because Mux = Px= 2

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Shivani Jindal 7 years, 4 months ago

A consumer gets more satisfaction on equilibrium point he wants that the goods give them same level of satisfaction

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A consumer consumes only two goods X and Y. Consumption level of these two goods he finds that the MRS is higher than the ratio of the price. Explain the reaction of the consumer

Posted by Varsha Sharma 7 years, 4 months ago

CBSE > Class 12 > Economics

2 answers

Varsha Sharma 7 years, 4 months ago

Thanks sir my answer is right

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Pankhuri Dokania 7 years, 4 months ago

Consumer is ready to consume goods. He will stop at that point when he find that MRS is equal to its price.

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What is mri

Posted by Rajat Aggarwal 7 years, 4 months ago

CBSE > Class 12 > Economics

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The price elasticity of a commodity is 2. When its price falls from rs10 to rs8 per unit, its quantity supplied falls by 500 units. Calculate quantity supplied at new price

Posted by Prateek Srivastav 7 years, 4 months ago

CBSE > Class 12 > Economics

1 answers

Vandana Shankar 7 years, 4 months ago

700

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Why should i choose government budget

Posted by Shruti Gupta 7 years, 4 months ago

CBSE > Class 12 > Economics

0 answers

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Why does ppc slope downwords?

Posted by Raja Verma 7 years, 4 months ago

CBSE > Class 12 > Economics

2 answers

Pratima Verma 7 years, 3 months ago

Becoz of law of diminishing marginal utility ......

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Raj Singh 7 years, 4 months ago

Due to decreasing law of marginal oppurtunity cost

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Room supply may hit hotel revenue. Explain the economic theory to analyse the impact of the statement.

Posted by Ayush Prasad 7 years, 4 months ago

CBSE > Class 12 > Economics

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Define demand function. Explain the determinants of damand function

Posted by Lalnunmoia Ngamlai 7 years, 4 months ago

CBSE > Class 12 > Economics

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In demonetization there is a either condition lf political environment or legal environment is possible?

Posted by Ravinder Malhotra 7 years, 4 months ago

CBSE > Class 12 > Economics

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Which of the following affects national income

Posted by Suhail Khan 7 years, 4 months ago

CBSE > Class 12 > Economics

1 answers

Sudhashu Keshri 7 years, 4 months ago

Growth development

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Hey guys I have just listen about the syllabus change in economics if anyone have idea about this plz reply If its true it being so late for us to prepare for boards plzzz reply guys

Posted by Riya Jain 7 years, 4 months ago

CBSE > Class 12 > Economics

1 answers

Pratima Verma 7 years, 3 months ago

No further there is no information

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Explain the factor affecting household demand and market demand

Posted by Shalu Kumari 7 years, 4 months ago

CBSE > Class 12 > Economics

0 answers

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Explain using diagram the rising portion of marginal cost curve is the supply curve of a comperirive firm.

Posted by Urvix Dakhara 7 years, 4 months ago

CBSE > Class 12 > Economics

0 answers

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Why all chapters solution is not given??

Posted by Nikita Kharb 7 years, 4 months ago

CBSE > Class 12 > Economics

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Why does the problem of what to produce arise ?

Posted by Saniya Kanojiya 7 years, 4 months ago

CBSE > Class 12 > Economics

2 answers

Pankhuri Dokania 7 years, 4 months ago

Due to the fact that resources are limited,the problem becomes complex for the economists in the choice across consumer goods and capital goods. Both the goods are significance. Consumer goods are essential to promote quality of life and capital goods are essential to increase production capacity.

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Riya Jain 7 years, 4 months ago

Because the firm wants to maximize its profit so the firm wants a product which has less production cost and maximize profit

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Why problem of choice rises?

Posted by Ashish Rai 7 years, 4 months ago

CBSE > Class 12 > Economics