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Scarcity

Posted by Kamal Pujari 7 years, 5 months ago

CBSE > Class 12 > Economics

2 answers

Harash Mahato 7 years, 5 months ago

Scarcity means shortage of goods and resources in relation to their demand.....?

0Thank You

Simran Thakur 7 years, 5 months ago

Scarcity is a situation when demand for goods exceeds its supply even at a zero price......

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ANSWER

problems of allocation of resources

Posted by Harsh Kumar 7 years, 5 months ago

CBSE > Class 12 > Economics

0 answers

ANSWER

Why PPC concave

Posted by Anamika Dey 7 years, 5 months ago

CBSE > Class 12 > Economics

1 answers

Sakshi Chahar 7 years, 5 months ago

Due to increasing rate of MRT which means units of gud one is being sacrifices for more unit of another gud in the fixed level of income

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ANSWER

What is lieasur

Posted by Naman Gupta 7 years, 5 months ago

CBSE > Class 12 > Economics

1 answers

Imran Khan 7 years, 5 months ago

It means satisfaction of wants

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ANSWER

State any three determinants of individual demand other than own price of the good

Posted by Nisha Kumari 7 years, 5 months ago

CBSE > Class 12 > Economics

0 answers

ANSWER

Discuss the concept of rotation and shift of ppc

Posted by Bheem Pratap Singh 7 years, 5 months ago

CBSE > Class 12 > Economics

0 answers

ANSWER

Why marginal rate of substitution is decreasing

Posted by Priya Kushwaha 7 years, 5 months ago

CBSE > Class 12 > Economics

0 answers

ANSWER

What is moc with example

Posted by Daksh Rantiya 7 years, 5 months ago

CBSE > Class 12 > Economics

1 answers

Simran Thakur 7 years, 5 months ago

MOC May be defined as the rate at which amount of one good is sacrificed for production of additional units of other good..... MOC=loss of output /gain of output

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ANSWER

Different betweenImplicit Cost, and explicit cost

Posted by Rajat Kumar 7 years, 5 months ago

CBSE > Class 12 > Economics

1 answers

Moumita Saha 7 years, 5 months ago

In Explicit cost the payment need to be made and in Iplicit cost the payment that need to pay,not required. For example of explicit cost like -land(rent),workers(wages),enterprenuer(profit),etc and implicit cost like-the owner of our own house where no rent need to be paid.

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ANSWER

Define -gross domestic income, gross domestic product and national income

Posted by Sakshi Vijay 7 years, 5 months ago

CBSE > Class 12 > Economics

0 answers

ANSWER

Gdp and welfear

Posted by Shyka Azmi Azmi 7 years, 5 months ago

CBSE > Class 12 > Economics

0 answers

ANSWER

Can you tell what is important question for compartment exam

Posted by Yash Agrawal 5 years, 8 months ago

CBSE > Class 12 > Economics

0 answers

ANSWER

What is TPP/TP

Posted by Kanishka Shekhawat 7 years, 5 months ago

CBSE > Class 12 > Economics

2 answers

Moumita Saha 7 years, 5 months ago

The total no.of goods and services being produced is only known as total produt. TP=APxQ or TP=EMP(E is Sigma)

0Thank You

Akash Singh Sisodia 7 years, 5 months ago

Total Physical Product/Total Product is the overall quantity of product produced by a firm. Formulas:- TP=AP*x1 TP=EMP(E is Sigma)

2Thank You

ANSWER

Can you give me the question paper of 2016

Posted by Paras Chauh 7 years, 5 months ago

CBSE > Class 12 > Economics

2 answers

Shantnu Kharb 7 years, 5 months ago

Which subject

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Varsha Thapa 7 years, 5 months ago

1Thank You

ANSWER

And give some suggestion to help me to clear the economics paper

Posted by Yash Taneja 5 years, 8 months ago

CBSE > Class 12 > Economics

1 answers

Moumita Saha 7 years, 5 months ago

Its same as how u solve other subjects question paper

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ANSWER

Is compartment paper of economics are hard or easy

Posted by Yash Taneja 7 years, 5 months ago

CBSE > Class 12 > Economics

2 answers

Shantnu Kharb 7 years, 5 months ago

If u revise both books carefully then u see easy otherwise hard

0Thank You

Moumita Saha 7 years, 5 months ago

If u complete your whole book then then these kinds of questions never come in your mind whether the paper is easy or hard

1Thank You

ANSWER

Why equilibrium output also called equilibrium GDP or equilibrium income ?

Posted by Ambari . 7 years, 5 months ago

CBSE > Class 12 > Economics

0 answers

ANSWER

Why the demand of the good increases when the price of the good increases ?

Posted by Arushi Vaishnav 7 years, 5 months ago

CBSE > Class 12 > Economics

8 answers

S V 7 years, 5 months ago

Yes Kanika is right

0Thank You

Shantnu Kharb 7 years, 5 months ago

Which show ego

0Thank You

Kanika Mastana 7 years, 5 months ago

This happens incase of articles of distinction.

1Thank You

Sakshi Bahukhandi 7 years, 5 months ago

When demand increases then price will decrease and when demand decreases then price increase for satisfaction

0Thank You

Sameer Bhargav 7 years, 5 months ago

I think due to direct relationship

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Adarsh Kumar 7 years, 5 months ago

Demand of good increase when price decrease

2Thank You

Adarsh Kumar 7 years, 5 months ago

This question is wrong

2Thank You

Ritesh Mishra 7 years, 5 months ago

Due to the inverse relationship between price and demand

1Thank You

ANSWER

Why does consumption curve not start from the origin ?

Posted by Mansi Dogra 7 years, 5 months ago

CBSE > Class 12 > Economics

0 answers

ANSWER

What is economy

Posted by Bornaly Deb 5 years, 8 months ago

CBSE > Class 12 > Economics

4 answers

Sakshi Bahukhandi 7 years, 5 months ago

economy refers to an area where people earn their living for the satisfaction of there wants

0Thank You

Kunal Sharma 7 years, 5 months ago

Economy is a system which provides people means to work and earn a living.All types of organisations are engaged in differnt economic Activities like Production, consumption and Making of national income

1Thank You

Mansi Dogra 7 years, 5 months ago

Economy is a spread over particular area that the reveals the nature and level of economic activty of area .it show people can consederd earn their living

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Devanshu Khokhar 7 years, 5 months ago

The system by which the people of an area earn their living.

1Thank You

ANSWER

About monotonic prefrence

Posted by Rj Choudhary 7 years, 5 months ago

CBSE > Class 12 > Economics

4 answers

Shantnu Kharb 7 years, 5 months ago

More and morw tries to maximum satisfaction is called monotic preference

0Thank You

Kanika Mastana 7 years, 5 months ago

Yes khushi is right.

1Thank You

S V 7 years, 5 months ago

It means that more quantity of a good gives us more satisfaction For eg when we have choice from getting 20 units for rs 10 and 30 units fom rs 10 we will obviously choose 2nd option this is monotonic preference

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Devanshu Khokhar 7 years, 5 months ago

This states that satisfaction become higher and higher as we consume more and more units of a commodity.

1Thank You

ANSWER

Is supply curve over and above AVC

Posted by Tanmay Maheshwari 7 years, 5 months ago

CBSE > Class 12 > Economics

1 answers

Bornaly Deb 5 years, 8 months ago

What is mean by cold war

2Thank You

ANSWER

Mention necessary and sufficient condition of consumer equiliberium

Posted by Nidhi Singh 7 years, 5 months ago

CBSE > Class 12 > Economics

1 answers

S V 7 years, 5 months ago

In cardinal approach In one commodity case it occurs when marginal utility of a good is equal to marginal utility in terms of money In 2 commodity case it occurs when marginal utility per rupee spent on 1 good is equal to both the marginal utility per rupee spent on 2nd good and marginal utility per rupee expected by the consumer In it consumer behaves rationally and law of diminishing marginal utility holds good and marginal utility of money remains constant In ordinal approach it occurs when slope of IC is equal to slope of budget line and IC is convex to the origin

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If the ppc moves to the right , will it always be parallel to the orginal curve

Posted by Himanshi Saini 7 years, 5 months ago

CBSE > Class 12 > Economics

4 answers

S V 7 years, 5 months ago

No if it is movement it will not be parallel to the original curve

0Thank You

Prayush Gupta 7 years, 5 months ago

but no change on y axis

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Prayush Gupta 7 years, 5 months ago

if resources increase then ppc curve rotates to right on x axis

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Prayush Gupta 7 years, 5 months ago

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ANSWER

When mc decreade and ac increase Its true or false

Posted by Gaurav Mehndiratta 7 years, 5 months ago

CBSE > Class 12 > Economics

2 answers

Preeti Goel 7 years, 5 months ago

False

0Thank You

Simran Thakur 7 years, 5 months ago

When MC decrease and AC increase it's a false....

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can total product and average product become zero and negative

Posted by Khushi Gusain 7 years, 5 months ago

CBSE > Class 12 > Economics

1 answers

Prayush Gupta 7 years, 5 months ago

no it is not possible

1Thank You

ANSWER

Explain the conditions of consumers equilibrium using indifference curve analysis.

Posted by Poonam Dubey 7 years, 5 months ago

CBSE > Class 12 > Economics

2 answers

S V 7 years, 5 months ago

It occurs when slope of IC is equal to the slope of budget line and IC is convex to the origin

3Thank You

Prayush Gupta 7 years, 5 months ago

when the slope of ic equal to slope of budget line.

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Explain the conditions of producers equilibrium in terms of marginal revenue and marginal cost.

Posted by Poonam Dubey 7 years, 5 months ago

CBSE > Class 12 > Economics

1 answers

Ashi :) 7 years, 5 months ago

A producer is in equilibrium in terms of marginal revenue and marginal cost when 1. MR=MC 2. MC must be increasing.

1Thank You

ANSWER

Give the price of a good ,how will a consumer decide as to how much quantity to bye of that good ? Explain.

Posted by Poonam Dubey 7 years, 5 months ago

CBSE > Class 12 > Economics

1 answers

S V 7 years, 5 months ago

It depends on his need, expectations and preferences also if price is less he will buy more as compared to the situation when price is less but if the good is of social distinction and antique the more the price the more is demand

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ANSWER

Can v write the full project for final exams with black pen

Posted by Dimple Malhotra 7 years, 5 months ago

CBSE > Class 12 > Economics