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

Though demand and quantity demanded are two diffrent concepts ,but for all practical purpose the diffrence bw two is ignored......So yes, we can use them interchangebaly...but not in the case of movement and shift in demand.....

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Why two demand curves cannot be drawn on the same graph ?

Posted by Aayushi Agrawal 7 years, 5 months ago

CBSE > Class 12 > Economics

0 answers

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Serial no mei answer dena jaruri hai..agar na aaye toh....sare questions toh kya karu

Posted by Aryan Gupta 7 years, 5 months ago

CBSE > Class 12 > Economics

1 answers

Sidra Akhter 7 years, 5 months ago

Yes it is complusary to ans serial wise.. and if u dont know... Or if u have time crunch... So u can start from last ques...and yah the forrect numebering is imp... U can wrote the corrrect no and then you can ans... Hope this will helo!! ?

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Utility is linked with usefulnes of a commodity true or false state reson

Posted by Anita Agrawal 7 years, 5 months ago

CBSE > Class 12 > Economics

2 answers

Kanika Mastana 7 years, 5 months ago

Usefulness is dictionary meaning of utility but in eco they are different..

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Anita Agrawal 7 years, 5 months ago

True

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Draw a ppc and show different situations

Posted by Riya Goyal 7 years, 5 months ago

CBSE > Class 12 > Economics

2 answers

Mansi Dogra 7 years, 5 months ago

Ppc show different combinations of two good and resource are given nd technology remain constant . Its two acepts full employment of uttility .2. technology of resources

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Neelesh Ojha 7 years, 5 months ago

When we draw ppc we have different situation such as Increase in income Foreign capital introduced Modern technology will adopted

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12 CBSE 2018 paper

Posted by Michael Taku 7 years, 5 months ago

CBSE > Class 12 > Economics

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Explain how input prices are a determinant of supply of a good by a firm?

Posted by Amal Jack 7 years, 5 months ago

CBSE > Class 12 > Economics

1 answers

Aryan Gupta 7 years, 5 months ago

In case of increase in input price, cost of production tends to rise. Accordingly, producers will supply less of the commodity at its existing price as there is a decrease in producer’s profit. On the other hand, in case of fall in the prices of inputs, the cost of production tends to fall, leading to an increase in producer’s profit. This induces him to increase his supply.

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What is return to scale

Posted by Yrsiyfou U5Diyf 7 years, 5 months ago

CBSE > Class 12 > Economics

1 answers

Aryan Gupta 7 years, 5 months ago

In economics, returns to scale and economies of scale are related but different terms that describe what happens as the scale of production increases in the long run, when all input levels including physical capital usage are variable (chosen by the firm). The term returns to scale arises in the context of a firm's production function. It explains the behavior of the rate of increase in output (production) relative to the associated increase in the inputs (the factors of production) in the long run. In the long run all factors of production are variable and subject to change due to a given increase in size (scale). While economies of scale show the effect of an increased output level on unit costs, returns to scale focus only on the relation between input and output quantities.

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Why economic problem rises?

Posted by Harsh Pant 7 years, 5 months ago

CBSE > Class 12 > Economics

3 answers

Mansi Dogra 7 years, 5 months ago

Unlimited human wants .and limited resourse and alternative resourse

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Shivangi Goel 7 years, 5 months ago

Yes...and human wants are unlimited....

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Shreya Ghosh 7 years, 5 months ago

Economic problems rises because: (1) Resources are scarce (2) resources have alternative uses

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explain how economic problems can be solved in various types of economy explain any one economy

Posted by Bunny Bunny 7 years, 5 months ago

CBSE > Class 12 > Economics

2 answers

Bunny Bunny 7 years, 5 months ago

thanks aryan

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Aryan Gupta 7 years, 5 months ago

The economic problem – sometimes called the basic or central economic problem – asserts that an economy's finite resources are insufficient to satisfy all human wants and needs. It assumes that human wants are unlimited, but the means to satisfy human wants are limited. Three questions arise from this: • What to produce? • How to produce? & • For whom to produce? What to produce? 'What and how much will you produce?' This question lies with selecting the type of supply and the quantity of the supply, focusing on efficiency. e.g. "What should I produce more; laptops or tablets?" How to produce? Capital goods or consumer goods 'How do you produce this?' This question deals with the assets and procedures used while making the product, also focusing on efficiency. e.g. "Should I hire more workers, or do I invest in more machinery?" For whom to produce? 'To whom and how will you distribute the goods?' and 'For whom will you produce this for?' arises from this question. This question deals with distributing goods that have been produced, focusing on efficiency and equity. e.g. "Do I give more dividends to stock holders, or do I increase worker wages?

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Pls explain the defines of domestic income and national income ........have a request pls give hindi explaination....

Posted by Shivangi Goel 7 years, 5 months ago

CBSE > Class 12 > Economics

3 answers

Shorab Uppal 7 years, 5 months ago

Domestic income are those income which is earned by a domestic territory of a country and national income is those income which is earned for foreign countries like people's are gone to foreign countries they earned income and send the money to india it's national income

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Shivangi Goel 7 years, 5 months ago

It's okk.....

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Kanika Mastana 7 years, 5 months ago

Sorry shivangi i have nt done macro yet

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Voluntary and involuntary unemployment is in our new syllabus ?

Posted by Bhavini Pathak 7 years, 5 months ago

CBSE > Class 12 > Economics

1 answers

Sidra Akhter 7 years, 5 months ago

I guess.. no... We our on the way witg microeco... And till now i have not really studied it... But imma unware about the macro... One

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Can marginal revenue be negative??

Posted by Sunita Sharma 7 years, 5 months ago

CBSE > Class 12 > Economics

3 answers

Sunita Sharma 7 years, 5 months ago

Thanks

1Thank You

Kishor Chauhan 7 years, 5 months ago

Under imperfect competition AR falls so at one point MR may be negative

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Kishor Chauhan 7 years, 5 months ago

Yes

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How does habit of consumers affect the price elasticity of demand?

Posted by Sakshi Vijay 7 years, 5 months ago

CBSE > Class 12 > Economics

1 answers

Shivangi Goel 7 years, 5 months ago

Goods to which consumers become habitual or adicted will have inelastic demand , ciggrates and liqior are examples becz demand for these doesn't reduce not even when these goods are highly taxed......respectively goods to which consumers not become habitual have elastic demand.

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Explain in detail the production possibility curve with example

Posted by Diksha Rathore 7 years, 5 months ago

CBSE > Class 12 > Economics

1 answers

Sidra Akhter 7 years, 5 months ago

PPC.. is a graphical representation that shows.. the production with the fuller and efficient use of resources and technology...

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What is the geometrical slope of demand curve?

Posted by Shweta Gogna 7 years, 5 months ago

CBSE > Class 12 > Economics

1 answers

Shivangi Goel 7 years, 5 months ago

Sorry sweta....but it think that without diagram it is not possible to explain the geo slope of demand....pls take the help from your book or u can also use revision notes avail on this app...

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GST is an example of which type of tax?? Direct tax or Indirect tax.........( i think indirect) ................pls confirm..

Posted by Shivangi Goel 7 years, 5 months ago

CBSE > Class 12 > Economics

3 answers

Devanshu Khokhar 7 years, 5 months ago

Yes..it is an indirect tax..

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Yasaswini Gunturi 7 years, 5 months ago

Indirect tax

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Gitesh Arora 7 years, 5 months ago

Ya it's an Indirect Tax

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What is personal disposable income?

Posted by Sarklim Teron 7 years, 5 months ago

CBSE > Class 12 > Economics

1 answers

Shivangi Goel 7 years, 5 months ago

Personal disposable income is the amount of money that housheholds have available for spending and saving after income taxes have been accounted for......

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What os economic cost??

Posted by Madhur Vallecha 7 years, 5 months ago

CBSE > Class 12 > Economics

1 answers

Shweta Gogna 7 years, 5 months ago

Economic cost is the cost of next best alternative forgone that could have been produced with the efficient use of resources and technology.

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easy way to explain consumers equilibrium

Posted by Kiran Prem 7 years, 5 months ago

CBSE > Class 12 > Economics

1 answers

Lakshita Sharma 7 years, 5 months ago

Consumers equilibirium means consumers satisfaction means on which condition the consumer get satisfied tht is price of the commodity is equal to the consumption of the commodity...Hope it helped?

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A consumer is in state of equilibrium consuming two goods X &Y ,with given prices Px &Py . What will happen if MUx/Px>MUy/Px???

Posted by Dhruv Damor 7 years, 5 months ago

CBSE > Class 12 > Economics

1 answers

Devanshu Khokhar 7 years, 5 months ago

We will start consuming more units of good X. So that MUx starts decline. Thus, MUx/Px=MUy/Py.

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What is inelastic demand and compare it with perfectly inelastic demand

Posted by Shivam Shiv 7 years, 6 months ago

CBSE > Class 12 > Economics

1 answers

Shivangi Goel 7 years, 6 months ago

When %change in quantity demanded is less then %change in price means Ed<1, then it is inelastic demand.....While, perfectly inelastic demand refers to a situation in which any %change in price causes no changes in quantity demanded means Ed=0.....

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Is make in india a example of import substitution? Plzz answer fast

Posted by Aparna Singh 7 years, 6 months ago

CBSE > Class 12 > Economics

1 answers

Shivangi Goel 7 years, 6 months ago

Make in india is not a strategy of import subsitution because...... .1 Aim of this is to make indian manufactured goods globally competitive by harnessing demographic dividend......... 2 Govt is not pursuing protectionist policy in trade and is rather advocating open flow of goods......... 3 Many sectors have been opened FDI by raising its limits....... Thus, both of these have common objectives of generating employment, driving economic growth but adopt diffrent means to achieve it.... Hope this will help you...

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sir plzzz provide a video of economics

Posted by Ayush Kumar 7 years, 6 months ago

CBSE > Class 12 > Economics