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What is a production frontier

Posted by Ankit Singh 7 years, 5 months ago

CBSE > Class 12 > Economics

1 answers

Akhil Chandel 7 years, 5 months ago

It is another name o production possibility curve

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Explain the Consumer equilibium In ordinal aapraoch

Posted by Shilpi Prajapati 7 years, 5 months ago

CBSE > Class 12 > Economics

1 answers

Sakshi Sharma ??️??️??️ 7 years, 5 months ago

The Ordinal Approach to Consumer Equilibrium asserts that the consumer is said to have attained equilibrium when he maximizes his total utility (satisfaction) for the given level of his income and the existing prices of goods and services. The ordinal approach defines two conditions of consumer equilibrium: Necessary or First Order Condition and Supplementary or Second Order Condition.

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Diff btween fixed and variale factors??

Posted by Atul Sharma 7 years, 5 months ago

CBSE > Class 12 > Economics

2 answers

Lakshita Sharma 7 years, 5 months ago

Fixed factors remains fixed whether the business is earning profit or loss or the factors change or not and variable factors change according to the needs of the customers and according to the factors...Hope it helped...?

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Shivani Vani 7 years, 5 months ago

.Fixed factor change in long term production not in short run production and where variable factor change in short run as well as long term also. .Fixed factor production example land, plant ,machinery? factory ,building extra Variable factor production example raw material labour etc.

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Take care of aged parents is included in national income yes or no

Posted by Devansh Agrawal 7 years, 5 months ago

CBSE > Class 12 > Economics

2 answers

Devansh Agrawal 7 years, 5 months ago

Yes it is included

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Sakshi Sharma ??️??️??️ 7 years, 5 months ago

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What is economic?

Posted by Rashmi Priya 7 years, 5 months ago

CBSE > Class 12 > Economics

4 answers

Lakshita Sharma 7 years, 5 months ago

Economics is the study of mankind in the ordinary business of life...in easy way economics is the study of how much amount you expand on the factors and how much amount u get by doing something...Hope it helped...?

2Thank You

Devansh Agrawal 7 years, 5 months ago

Economics is a study that focuses on the rational management of scarce resources in a manner that our economic welfare is maximized.

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Bhakti Katariya 7 years, 5 months ago

Economic is a science which studies human behavior as a relationship between unlimited wants n limited resources.

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Rohit Kumar Yadav 7 years, 5 months ago

It is the study of human behavior in terms of need, wants.

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Prove that all the producer goods are not consumer goods but all consumers good are producers good

Posted by Jumde Riram 7 years, 5 months ago

CBSE > Class 12 > Economics

1 answers

Himanshi Singh 7 years, 5 months ago

You prove better than me

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Justify the relative elastricities of the commodities

Posted by Jumde Riram 7 years, 5 months ago

CBSE > Class 12 > Economics

0 answers

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Define marginal opportunity cost

Posted by Purna Hang Limboo 7 years, 5 months ago

CBSE > Class 12 > Economics

2 answers

Shivani Vani 7 years, 5 months ago

The rate at which the unit of output of one good are sacrificed y (good) to producing one more unit of other good x(good)

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Himanshi Singh 7 years, 5 months ago

Marginal opportunity cost is the ratio between loss of output and gain of output when resources are shifted from Use 1 Use 2.

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What will happen to the demand of inferior good if the income of the consumer falls

Posted by Prashant Singh 7 years, 5 months ago

CBSE > Class 12 > Economics

2 answers

Devansh Agrawal 7 years, 5 months ago

When the income of the consumer falls then the demand of inferior goods increase because there is a inverse relationship between the income of the buyer and the demand of the good.

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Manisha Agarwal 7 years, 5 months ago

It will increase as inferior goods arrogant low prices the consumer with less income will prefer to have them

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What will happen to the demand of the commodity of the if prices are to expected to fall in future

Posted by Prashant Singh 7 years, 5 months ago

CBSE > Class 12 > Economics

2 answers

Sakshi Sharma ??️??️??️ 7 years, 5 months ago

In present time demand of that specific commodity will decrease and in future the demand will increase.

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Devansh Agrawal 7 years, 5 months ago

The demand of other good will increase in near futute

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Explain the shutdown point.

Posted by Chetan Singh 7 years, 5 months ago

CBSE > Class 12 > Economics

0 answers

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explain diagrammatically the effect on total output when in units of one factor is increased and all the other inputs are held constant

Posted by Anant Pasricha 7 years, 5 months ago

CBSE > Class 12 > Economics

0 answers

ANSWER

What is the formula of total variable cost and total fixed cost ?

Posted by Ashutosh Goyal 7 years, 5 months ago

CBSE > Class 12 > Economics

1 answers

Devanshu Khokhar 7 years, 5 months ago

1.) Total variable cost = total cost - total fixed cost 2.) total variable cost = average variable cost x output 3.) TFC = TC - TVC 4.) TFC = AFC x output

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Sir/ Mam how to get ? out of ? in class 12 economic ,how to prepare for it????

Posted by Abhi Yadav 7 years, 5 months ago

CBSE > Class 12 > Economics

1 answers

Sharukh Khan 7 years, 5 months ago

There are lots of method for preparation

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'' The rate of income in consumption is equal to the rate of increase in income. '' Do you agree with this statement?

Posted by Amrit Ghuman 7 years, 5 months ago

CBSE > Class 12 > Economics

0 answers

ANSWER

State four salient features of an economy

Posted by Suraj Balmiki 7 years, 5 months ago

CBSE > Class 12 > Economics

0 answers

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Explain the deravation of slope of budget line

Posted by Pruthvi Hulmane 7 years, 5 months ago

CBSE > Class 12 > Economics

0 answers

ANSWER

What are the elemant of demand

Posted by Ashish Maheshwari 7 years, 5 months ago

CBSE > Class 12 > Economics

1 answers

Sharukh Khan 7 years, 5 months ago

Price and time

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Is utility measurable?What is cardinal based utility?

Posted by Imran Khan 7 years, 5 months ago

CBSE > Class 12 > Economics

0 answers

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Why does MC curve intersect the AVC and AC curve at its lowest point?.explain

Posted by Ravishankar Kumar 7 years, 5 months ago

CBSE > Class 12 > Economics

1 answers

Kanika Mastana 7 years, 5 months ago

This is so because MC is equal to AVC and AC curve when they are at the lowest point..

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Solution of economics book of TR Jain

Posted by Param Kajal 7 years, 5 months ago

CBSE > Class 12 > Economics

0 answers

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If consumption function is given as :C=30+0.4Y then determine :saving

Posted by Monica Krmdb 7 years, 5 months ago

CBSE > Class 12 > Economics

0 answers

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What do you mean by microeconomics

Posted by Diksha Rathore 5 years, 8 months ago

CBSE > Class 12 > Economics

2 answers

Monica Krmdb 7 years, 5 months ago

It talks about individual being

3Thank You

Ravishankar Kumar 7 years, 5 months ago

Microeconomics is that type of economics which deals with economic issues related to small units:an individual firm,an individual household or individual consumer.

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Its ans is given as saving =Rs 1100 crores but when i solve saving =Rs 275. What is the right ans ??

Posted by Bhavini Pathak 7 years, 5 months ago

CBSE > Class 12 > Economics

0 answers

ANSWER

The consumption function is expressed as :C= 100+0.25Y.Calculate saving if consumption expenditure at equlibrium level of national income is Rs 500 crores.

Posted by Bhavini Pathak 7 years, 5 months ago

CBSE > Class 12 > Economics

0 answers

ANSWER

A consumer's equilibrium is always formed at a point on the given budget line ..comment on this statement .

Posted by Mohan Parmar 7 years, 5 months ago

CBSE > Class 12 > Economics

1 answers

S V 7 years, 5 months ago

This is because if it is formed above budget line it could not be attained as our budget is fixed and if it is formed below budget line it will mean that we are not using our budget fully which will not result in complete satisfaction

1Thank You

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What is the law of Diminished marginal utility? Please help can help meeh?

Posted by Harash Mahato 7 years, 5 months ago

CBSE > Class 12 > Economics

3 answers

Umul Fathima 7 years, 5 months ago

As consumer consumes more and more units of commodity the marginal utility derived from each successive units go on declining. This is the basis of law of demand..

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Shivani Chaudhary 7 years, 5 months ago

According to law of marginal utility as we consume more and more units of a commodity each succesive unit will give less and less satisfaction.....as intensity to desire of that commodity decrease

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Harash Mahato 7 years, 5 months ago

Pleeeease answer

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What is law of denand

Posted by Nikita Verma 7 years, 5 months ago

CBSE > Class 12 > Economics

4 answers

S V 7 years, 5 months ago

Fantastic definition by Amit verma?

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Amit Verma 7 years, 5 months ago

Desi bhasha me bole to, jse hi koi cheez ssti hoti h hum use jaada khareedte h or jb mahangi hoti h to hum use km khareedte h... yu smjho ki tum bazar me pyaaz lene ke liye chli gyi or tumne dekha ki pyaaz 10 rs. Kilo h to tum use jaada khareedogi maanlo 5kg. or next time jb tum baajar gyi tb 60 rs. Kg tb tum 1 kg. Hi khareedogi agar tum 1 rational consumer ho to...

4Thank You

Umul Fathima 7 years, 5 months ago

The law states that when all other thing remains constrant then there is inverse relationship between price of the commodity and quantity demanded of it. Thats is, higher the price, lower the demand and lower the price, higher the demand.

1Thank You

S V 7 years, 5 months ago

It means that demand and price of a good are in inverse relationship. When price of a good increases its quantity demand decreases and all other factors remain constant and vice versa. For e.g. you will demand more quantity (10 units) when price is rs 5 but demand reduces to 5 units when price is rs 10

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Project for economics

Posted by Jasmeen Kaur 7 years, 5 months ago

CBSE > Class 12 > Economics