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

Equilibrium price is the point at which market equilibrium stuck......means the price at which quantity demanded gets equal to quantity supplied is known to be as eq.price.....

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Consumer equilibrium in one and two commodity case

Posted by Chandan Patidar 7 years, 6 months ago

CBSE > Class 12 > Economics

3 answers

Shivangi Goel 7 years, 6 months ago

Do u also want it's explaination

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Shivangi Goel 7 years, 6 months ago

Consumer eq in one commodity case...MUx/Px= Mum.....In two commodity case ....Mux/Px = Muy/Py = Mum.....

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Pooja Rawat 7 years, 6 months ago

Answer

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What is our financial problem

Posted by Saikiran Yadav (Sky) 7 years, 6 months ago

CBSE > Class 12 > Economics

0 answers

ANSWER

Why is IC downwards?

Posted by Saloni Tiwari 7 years, 6 months ago

CBSE > Class 12 > Economics

4 answers

Nayani Singh 7 years, 6 months ago

Ic slopes downward as consumer have monotonic preference means more of good provides him more satisfaction .so to increase the consumption of one good he has to decrease the consumption of other as then only every point on ic provide same level of satisfaction to him.

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Kanika Mastana 7 years, 6 months ago

Sorry not increasing but decreasing..

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Kanika Mastana 7 years, 6 months ago

Because of increasing MRS i.e. Marginal rate of substitution.

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Ishika Bhenwal 7 years, 6 months ago

Because to increase the consumption of one good we have to decrease the consumption of another good. That is why IC is downward slopping.

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What is demand curve ?

Posted by Saloni Tiwari 7 years, 6 months ago

CBSE > Class 12 > Economics

2 answers

Shivangi Goel 7 years, 6 months ago

Demand curve is a graphic representation of the relationship between price and quantity demanded.....

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Ishika Bhenwal 7 years, 6 months ago

It is the graphical representation of the relationship between price and quantity demanded.

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ANSWER

Why PPC is concave? Want hindi explanation...

Posted by Ishika Bhenwal 7 years, 6 months ago

CBSE > Class 12 > Economics

6 answers

Saloni Tiwari 7 years, 6 months ago

PPC curve concave hota h kuki hme ek good k liye doosre good ko sacrifice krna pdta h kuki hmare resources bhot hi km h

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Shivangi Goel 7 years, 6 months ago

U r welcm .....whenever u want....

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Ishika Bhenwal 7 years, 6 months ago

Wanna ask some more questions but later on.

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Shivangi Goel 7 years, 6 months ago

It's my pleasure ....

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Ishika Bhenwal 7 years, 6 months ago

Thanks ......

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Shivangi Goel 7 years, 6 months ago

Okk...PPC concave isley hota hai becz...jab hum ek good ko increase ke liye doosre good ko sacrifice karte rahte hai to resources ki quality ghatt ti jati hai aur marginal cost jyada aane lagte hai .......that's the reason behind the why ppc is concave ....tends to MOC rise

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A firm is not a price maker under

Posted by Vinod Bisht 7 years, 6 months ago

CBSE > Class 12 > Economics

1 answers

Shivangi Goel 7 years, 6 months ago

Under perfect competition....becz in this firms are price taker not a price maker..

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What can be said about the elasticity of demandof lpg cylinder versus that of toys?explain

Posted by Vipul Kaushik 7 years, 6 months ago

CBSE > Class 12 > Economics

1 answers

Satya Rao 7 years, 6 months ago

elasticity of demand of LPG cylinder is less elastic than of toys

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What will be the impact of foreign capital on ppc

Posted by Ishika Popli Ishika 7 years, 6 months ago

CBSE > Class 12 > Economics

1 answers

Kanika Mastana 7 years, 6 months ago

It will increase production which will led to rightward shift in ppc..

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ANSWER

How an economy decides that what all should be produced with the help of given resources?

Posted by Prince Aggarwal 7 years, 6 months ago

CBSE > Class 12 > Economics

2 answers

Kanika Mastana 7 years, 6 months ago

Different economies decides it differently.... Market economy: in it only those goods r produced which gives max profit. Controlled economy: in it goods are produced for increasing social justice.

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Saloni Tiwari 7 years, 6 months ago

we produce that thing which gives us maximum profit at the low cost of production

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What is a date of economics compartment exam 2018

Posted by Mayank Dixit 7 years, 6 months ago

CBSE > Class 12 > Economics

0 answers

ANSWER

What do you mean by market economy

Posted by Manoj Kumar 7 years, 6 months ago

CBSE > Class 12 > Economics

1 answers

Mayank Dixit 7 years, 6 months ago

There are all sets talking about a whole economy and as per its condition

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What is microeconomic

Posted by Kunal Singh 7 years, 6 months ago

CBSE > Class 12 > Economics

1 answers

Mayank Dixit 7 years, 6 months ago

Microeconomics in this we will study about an in individual or as one in the economy

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What are the fundamental problems faced by economy?Explain with the help of diagram

Posted by Iris Kamei 7 years, 6 months ago

CBSE > Class 12 > Economics

1 answers

Shivangi Goel 7 years, 6 months ago

There are three fundamental problems faced by an economy are....1 WHAT TO PRODUCE in this two basic confusions are whic good is to be produce and in which quantity is to be produce...2 HOW TO PRODUCE in this two methods cuts each other as labour intensive Or capital intensive technique...3 FOR WHOM TO PRODUCE this makes the choice between poor and richer sector and also for methods of distribution of income.............. I hope it will help you and for diagrams u may have to use your book....

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What would be yhe illikely impact on ppc if governnent introduce make in india project ?

Posted by Prikshit Gupta 7 years, 6 months ago

CBSE > Class 12 > Economics

1 answers

Sakshi Chahar 7 years, 6 months ago

Ppc curve will shift towards right.cz.make in india project induce production in our country rather than to import.when ptoduction increases then our GDP also inc.which is the mark of economic growth of our country.

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What is moderate elasticity??

Posted by Shivangi Goel 7 years, 6 months ago

CBSE > Class 12 > Economics

0 answers

ANSWER

How to explain consumers equilibrium with budget line and indifference curve

Posted by Vandana Shankar 7 years, 6 months ago

CBSE > Class 12 > Economics

2 answers

Shivangi Goel 7 years, 6 months ago

Explaination will be.... The rate at which consumer is willing to subsitute a good must be coincide with the rate at which market allows to subsitute.... See the diagram frm ur book

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Shivangi Goel 7 years, 6 months ago

Both of these are equilibrium condition... In this, MRSxy = Px/Py and IC is convex to origin......so u should explain these situation with the help of diagriam...on that slpoe of IC (MRS)should be coincide with slope of budget line (px/py)....

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ANSWER

What is MRS

Posted by Saloni Tiwari 7 years, 6 months ago

CBSE > Class 12 > Economics

1 answers

Shivangi Goel 7 years, 6 months ago

Marginal rate of subsitution refers to that rate at which consumer is willing to subsitude a good for other one....

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what is MRT

Posted by Saloni Tiwari 7 years, 6 months ago

CBSE > Class 12 > Economics

1 answers

Shivangi Goel 7 years, 6 months ago

Marginal rate of transformation (also called MOC) ...is the rate at which output of good 1 is to be sacrificed for every additional unit of good 2....

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What do u mean by opportunity cost

Posted by Monica Krmdb 7 years, 6 months ago

CBSE > Class 12 > Economics

2 answers

Charanjeet Singh 7 years, 6 months ago

Next best alternative forgone

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Yogi Kunwar 7 years, 6 months ago

OC is opportinity lost or sacrifice, which we sacrifice after choosing the best alternative option

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What do u mea

Posted by Monica Krmdb 7 years, 6 months ago

CBSE > Class 12 > Economics

0 answers

ANSWER

Give any one way of increasing production capacity of an economy

Posted by Dipti Singh 7 years, 6 months ago

CBSE > Class 12 > Economics

2 answers

Shivangi Goel 7 years, 6 months ago

By growth of new resources...and improving the quality of recent resources....

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Dream Girl 7 years, 6 months ago

Increase in pesticides nd more use of tractor and modern machines

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When price of commodity fall from rs 10 to 8 per unit its demand rise from units 20 to 25 calculate price elasticity of demand

Posted by Yasmin Khan 7 years, 6 months ago

CBSE > Class 12 > Economics

1 answers

Umesh Kumar 7 years, 6 months ago

P=10. Q=20. P1=8. Q1=25 ∆P=-(2). ∆Q=5 Ed= ∆Q/∆P ×P/Q m 5/2×10/20 Ans=1.25

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What is production possibility frontier

Posted by Nihal Mani Tiwari 7 years, 6 months ago

CBSE > Class 12 > Economics

1 answers

Shivangi Goel 7 years, 6 months ago

Production possibility fronteir or PPC is the curve showing different combinations of two goods which can be produce at the available resources....

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Opportunity cost is not an actual cost. Do you agree?? Give reason also.....

Posted by Shivangi Goel 7 years, 6 months ago

CBSE > Class 12 > Economics

2 answers

Saloni Tiwari 7 years, 6 months ago

Yes opportunity cost is not an actual cost because its is the next best cost of a comodity

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Umesh Kumar 7 years, 6 months ago

Yes,opportunity cost is not an actual cost because opportunity cist is the next best way to foregone.

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Comnent upon the shape of demand curve, if the price of a commodity rises by 10 percent and there is no change in quantity demand

Posted by Sagar Rajwar 7 years, 6 months ago

CBSE > Class 12 > Economics

1 answers

Shivangi Goel 7 years, 6 months ago

Demand curve will be perfectly inelastic....and vertically straight line || to y axis.....

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ANSWER

what is s economic

Posted by Dorjee Khandu Dorjee Khandu 7 years, 6 months ago

CBSE > Class 12 > Economics

1 answers

Saloni Tiwari 7 years, 6 months ago

economics is the study of an economic problem arising out of the fact that resources are scarce in relation to our wants and these scare resources have alternative uses.

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What is rconomics

Posted by Gangayya Hiremath Gangu Rebal 7 years, 6 months ago

CBSE > Class 12 > Economics