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Behaviour of afc curve

Posted by Hritik Garg 7 years, 5 months ago

CBSE > Class 12 > Economics

1 answers

Tamanna Bansal 7 years, 5 months ago

AFC curve is the tota fixed cost per unit of output.

AFC is downward slopind curve i.e rectangular hyperbola . It never touch X axis and Y axis because total fixed cost is never zero. The shape of afc is rectangular hyperbola because of law of variable proportion.

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Dog

Posted by Akash Sha 7 years, 5 months ago

CBSE > Class 12 > Economics

0 answers

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Difference between MRT/MOC and MRS

Posted by Taniya Negi 7 years, 5 months ago

CBSE > Class 12 > Economics

2 answers

Tamanna Bansal 7 years, 5 months ago

1) MRT/ MOC is the slope of PPC whereas MRS is slope of indifference curve .

2)MRS is the rate at which a consumer is willing to sacrifice one good to gain other good without affecting total utility but MRT is the ratio of number of unit sacrificed of one good to obtain more unit of another good.

Lakshita Sharma 7 years, 5 months ago

They all are same... U can call MRS as MRT and as MOC...hope it helped...?

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How would you find out whether a particular expenditure is an expenditure on intermediate goods or on final good?

Posted by S S 7 years, 5 months ago

CBSE > Class 12 > Economics

0 answers

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is total cost the sum total of marginal cost ? why ?

Posted by Khushi Gusain 7 years, 5 months ago

CBSE > Class 12 > Economics

1 answers

Nitasha Yadav 7 years, 5 months ago

Yes TC is the sum of MC because MC is the difference of TC

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when is AVC = ATC ? explain

Posted by Khushi Gusain 7 years, 5 months ago

CBSE > Class 12 > Economics

1 answers

Tanishk Aggarwal 7 years, 5 months ago

ATC is never equal to AVC because afc is never zero

2Thank You

ANSWER

If the average cost of producing 3 units of output is rs. 5, then what is the total cost of producing 3 units

Posted by Khushi Gusain 5 years, 8 months ago

CBSE > Class 12 > Economics

1 answers

Tanishk Aggarwal 7 years, 5 months ago

ANSWER

Which branch of economics deals with the problems of economic growth, growth of resources and fuller utilisation of resources. Explain

Posted by Ananya Ramwani 7 years, 5 months ago

CBSE > Class 12 > Economics

1 answers

Nitasha Yadav 7 years, 5 months ago

Macroeconomics because in this branch deals with larger level

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What is apportunity cost

Posted by Sainlangki Jose Ksoo 7 years, 5 months ago

CBSE > Class 12 > Economics

2 answers

Taniya Negi 7 years, 5 months ago

Opportunity cost is the cost of next best alternative foregone

Sainlangki Jose Ksoo 7 years, 5 months ago

Apportunity cost is a apportunity lost......

ANSWER

Production function Tp=q×ap=£m Ap=tp÷q Mp=tpn-tpn-1 It is correct formula

Posted by Anmol Kumar 7 years, 5 months ago

CBSE > Class 12 > Economics

1 answers

Nitasha Yadav 7 years, 5 months ago

Yes it is correct formula

ANSWER

Explain elasity of demand

Posted by Neelam Baweja 7 years, 5 months ago

CBSE > Class 12 > Economics

1 answers

Nitasha Yadav 7 years, 5 months ago

The elasticity of demand refers to the percentage changes in demand due to change in other factors like income , price,eyc

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Explain the determination of equilibrium exchange rate in foerign exchange market.

Posted by Sam Kan 7 years, 5 months ago

CBSE > Class 12 > Economics

0 answers

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I need some sample numerical questions in all lessons in economics

Posted by Pandu Rangan 7 years, 5 months ago

CBSE > Class 12 > Economics

0 answers

ANSWER

Injection

Posted by Gudia Kumari 7 years, 5 months ago

CBSE > Class 12 > Economics

0 answers

ANSWER

Explain the concept of cost function

Posted by Monica Krmdb 7 years, 5 months ago

CBSE > Class 12 > Economics

1 answers

Nitasha Yadav 5 years, 8 months ago

Cost function refer to functional relationships between cost and outputs means how much cost need to change input into outputs. C-f(q) C-cost F-function Q-quantity of output

2Thank You

ANSWER

When will ppc curve shapes convex?

Posted by Keshav Agarwal 7 years, 5 months ago

CBSE > Class 12 > Economics

1 answers

Monica Krmdb 7 years, 5 months ago

If MRT decreasing

ANSWER

What is the Difference between the depreciation and devaluation

Posted by Tanvir Ahmed Khan 4 years, 6 months ago

CBSE > Class 12 > Economics

1 answers

Sia ? 4 years, 6 months ago

A devaluation occurs when a country makes a conscious decision to lower its exchange rate in a fixed or semi-fixed exchange rate.
A depreciation is when there is a fall in the value of a currency in a floating exchange rate.

ANSWER

What do you mean by oligopoly

Posted by Nitin Yadav 7 years, 5 months ago

CBSE > Class 12 > Economics

2 answers

Monica Krmdb 7 years, 5 months ago

It refers to a market situation in which there are few firm selling homogeneous or differentiate product

Vandana Verma 7 years, 5 months ago

Oligopoly ek mkt. Ka nam h..under this 1 large no. Of buyrs but few sellrs. Ex.cable t.v. services,auto industry, airline industry,,,etc.

ANSWER

Which is the best book in microeconomics #12 class in english

Posted by Kirat Kumar 7 years, 5 months ago

CBSE > Class 12 > Economics

4 answers

Monica Krmdb 7 years, 5 months ago

Sandeep Garg

Tanvir Ahmed Khan 7 years, 5 months ago

Gaurav jain is the best book ever i had TR jain also but gaurav jain is best

Vandana Verma 7 years, 5 months ago

T.R. jain bestest book

Ashwary Varshney 7 years, 5 months ago

B.L Gupta and Sandeep Garg

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Difference between budget line and budget set

Posted by Divya Sonkhiya 7 years, 5 months ago

CBSE > Class 12 > Economics

1 answers

Tanvir Ahmed Khan 7 years, 5 months ago

Line shows the two goods consumers can purchase with the given level of income. A set of budget line is budget set

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Economic ideas of keynes

Posted by Diksha Dua 7 years, 5 months ago

CBSE > Class 12 > Economics

0 answers

ANSWER

What is the difference between depreciation and devaluation

Posted by Tanvir Ahmed Khan 7 years, 5 months ago

CBSE > Class 12 > Economics

2 answers

Tanvir Ahmed Khan 7 years, 5 months ago

Hvvvvvv means what

Sandeep Meel 7 years, 5 months ago

Hvvvvvv

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I need per chapter marks to prepare markwise

Posted by Rashi Kumar 7 years, 5 months ago

CBSE > Class 12 > Economics

0 answers

ANSWER

When ppc shift

Posted by Sanya Rai 7 years, 5 months ago

CBSE > Class 12 > Economics

2 answers

Manas Jain 7 years, 5 months ago

PPC shifts rightward when there is increase in resources and upgradation of technology or shifts leftward when there is decrease in resources and obselete technology.

3Thank You

Rishabh Pandey 7 years, 5 months ago

Production possiblity curve shifted when either technology changes or resources changes.

ANSWER

Why prefect vompetitive price taker

Posted by Sanya Rai 7 years, 5 months ago

CBSE > Class 12 > Economics

1 answers

Nayani Singh 7 years, 5 months ago

Because producer can not change the price he can only any quantity of commodity at prevailing price in the market and if he tried to sell at higher price then he will lose all his custers as there are many producers in market so customers will turn to them.☺️☺️

ANSWER

Why prefect competitive price taker

Posted by Sanya Rai 7 years, 5 months ago

CBSE > Class 12 > Economics

1 answers

Tanvir Ahmed Khan 7 years, 5 months ago

Because perfect competition market cannot determine price by its own like monopoly. So monopoly is a price maker and perfect competition market is a price taker

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how to play quiz in economics

Posted by Shivain .. 7 years, 5 months ago

CBSE > Class 12 > Economics

0 answers

ANSWER

define law of varibale proporation ? explin with digram table

Posted by Rajesh Gope 7 years, 5 months ago

CBSE > Class 12 > Economics

1 answers

Shivain .. 7 years, 5 months ago

low of variable proportion - when we use fixed and variabli factor both together then a time is ultimately come when output increase at increase rate and finally falls