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Wht is the assmption of law of dimnishing marginal utility?

Posted by Tanu Maan 7 years, 8 months ago

CBSE > Class 12 > Economics

3 answers

Akshita Yadav 7 years, 8 months ago

Their are mainly three assumptions 1)standard units of the commodity should be consumed. 2)Consumption should be continuos. 3)units should be identical or homogeneous

Yami Wadhwa 7 years, 8 months ago

1. The consumption of the commodity should be continuous . 2. The unit of the commodity should be standard

Dharti Damor 7 years, 8 months ago

1.cardinal measurement of utility 2.standard unit of measurement 3.continous consumption 4.marginal utility of Rs. remain constant 5.fixed income & price

ANSWER

explain the concept of deficit in BOP

Posted by Areeba Chouhan 7 years, 8 months ago

CBSE > Class 12 > Economics

2 answers

Yami Wadhwa 7 years, 8 months ago

When current account balance + capital account balance + errors and omissions , some negative figure is not equal to zero . It is also indicates that existing official reserves are going to be decreasesd

Tanu Maan 7 years, 8 months ago

Bop deficit means when the current or capitl account expenditure in more over the receipt of current or capital account.....

ANSWER

explain the impact of rise in exchange rate on national income

Posted by Areeba Chouhan 7 years, 8 months ago

CBSE > Class 12 > Economics

2 answers

Yami Wadhwa 7 years, 8 months ago

Increase in national income

Amisha Singh 7 years, 8 months ago

National income increases

ANSWER

CBSE board exam 2014 economic question paper

Posted by Devid Rathore Debbarma 7 years, 8 months ago

CBSE > Class 12 > Economics

1 answers

Yami Wadhwa 7 years, 8 months ago

Nups...but checked on google

ANSWER

How to easily solve income multipler and consumption,saving function

Posted by Shreyansh Jaiswal 7 years, 8 months ago

CBSE > Class 12 > Economics

3 answers

Shreyansh Jaiswal 7 years, 8 months ago

Thanks

Yami Wadhwa 7 years, 8 months ago

Consumption=y-s Saving=y-c Income multiplier=change in income ÷change in investment

Yami Wadhwa 7 years, 8 months ago

Consumption :- c=c+by

ANSWER

What are the types of economy and explanation ?

Posted by Sristy Rawat 7 years, 8 months ago

CBSE > Class 12 > Economics

3 answers

Nayra Gupta 7 years, 8 months ago

At the micro level ...there is 3 types that r described by jasmine kaur. At the macro level there is mainly 2 types ...closed and open economy .closed have 2 types that are two sector closed economy and three sector closed economy. 1.(a) consumption and investment 1.(b)consumption ,investment and government sector 2.consumption ,investment, government and rest of the world(X-M).

Jaskaran Saroya 7 years, 8 months ago

1. Free market economy :- controlled by market forces 2. Centralised economy:- controlled by central authority / govt . 3. Mixed economy :- controlled by both govt. And market forces

Shweta Singh 7 years, 8 months ago

Economy is of two type : Micro and macro Micro is study of economic problem at individual level.ex- individual consumer,or product or producer. Macro is study of economic problem at country as whole.ex-india's GDP, etc

ANSWER

Why microeconomics is called as 'theory of price '?

Posted by Omprakash Saini 7 years, 8 months ago

CBSE > Class 12 > Economics

2 answers

Yami Wadhwa 7 years, 8 months ago

Most people’s understanding of prices come from their personal experiences with purchasing goods and services, so most people think of “prices” as the amount of money you pay when you want to buy something. From an economist’s point of view, however, prices merely express the relative value of things, and in this sense, prices determine how people will exchange resources. Because microeconomics is fundamentally concerned with how markets perform in the allocation of resources through voluntary exchange, it has gone by the name of price theory.

Shweta Singh 7 years, 8 months ago

As it determine the price of a community.

ANSWER

Market demand and its fuctions

Posted by Abhipray Bhandari 7 years, 8 months ago

CBSE > Class 12 > Economics

2 answers

Yami Wadhwa 7 years, 8 months ago

Market demand is the total amount of goods and services that all consumers are willing and able to purchase at a specific price in a marketplace. In other words, it represents how much consumers can and will buy from suppliers at a given price level in a market.

Deepankar Sarkar 7 years, 8 months ago

The sum total of individual demand leads to the formation of market demand,where the price remains fixed in all the cases.

ANSWER

The value of mpc is 0.6 and initial income in the economy is ₹ 100 stores.prepare a schedule showing income,consumption and saving.also show the equilibrium level of income by assuming autonomous investment of 80 crores

Posted by Vanshikaa Gupta 7 years, 8 months ago

CBSE > Class 12 > Economics

8 answers

Runjhun Sharma 7 years, 8 months ago

Take autonomous consumption equal to 40 to det answer .

Vanshikaa Gupta 7 years, 8 months ago

But autonomous consumption hai kya is question main

Vanshikaa Gupta 7 years, 8 months ago

Nhi autonomous consumption can't be zero

Vinay Kapri 7 years, 8 months ago

Can anyone please tell can we take autonomous consumption=0 in the above? As 80 in Investment expenditure.

Vanshikaa Gupta 7 years, 8 months ago

Thanks Yami but ek baat btao ki autonomous consumption and Y at first level kya hoga??

Yami Wadhwa 7 years, 8 months ago

Income is 100 crore. Investment is 80 crore MPC = 0.6 MPS = 1 - MPC MPS = 1- 0.6 MPS = 0.4 AD = C+ I AD = 0.6 Y + 80 AS = AD Y = 80 + 0.6 (100) 100 = 80 + 0.6 (100) 100 = 80 + 60 100 = 140

Vanshikaa Gupta 7 years, 8 months ago

Anyone answer this question fast plzzz

Vanshikaa Gupta 7 years, 8 months ago

Plzz tell how to make schedule

ANSWER

What does the point below budget line show?

Posted by Albina Khawas 7 years, 8 months ago

CBSE > Class 12 > Economics

1 answers

Yami Wadhwa 7 years, 8 months ago

the points below the budget line represents the combination of two goods that leave the consumer with some unspent amount of money income.

ANSWER

Price elastic demand example

Posted by Kunal Garg 7 years, 8 months ago

CBSE > Class 12 > Economics

0 answers

ANSWER

Bretton wood system of exchange rate

Posted by Kittu K 7 years, 8 months ago

CBSE > Class 12 > Economics

2 answers

Deepa Tomar 7 years, 8 months ago

This is the another part of fixed exchange rate.In this system each country define its currency in US $ under the supervisory of international money fund.it is also known as adjustable peg system of foreign exchange.

Yami Wadhwa 7 years, 8 months ago

This was howevr the part of fixed exchange rate . But some adjustments were possible or allow in this system . That's why another name of this system was also called adjustable peg system of exchange rate .

ANSWER

Define money supply?

Posted by Rahul Verma 7 years, 8 months ago

CBSE > Class 12 > Economics

3 answers

Yami Wadhwa 7 years, 8 months ago

the money supply is the total value of monetary assets available in an economy at a specific time. There are several ways to define "money", but standard measures usually include currency in circulation and demand deposits

Deepa Tomar 7 years, 8 months ago

It is the total money held by the public of a country at a particular point of tym.it is a stock concept.

Anju Saini 7 years, 8 months ago

Money supply refers to total supply of money held by public at a particular point of time

ANSWER

Diffrentiate between perfectly elastic demand and elastic demand

Posted by Oviya Selvamani 7 years, 8 months ago

CBSE > Class 12 > Economics

1 answers

Anju Saini 7 years, 8 months ago

Perfectly elastic demand means when elasticity demand of commodity is equal to infinite and inelastic demand means elasticity of demand is less than 1

ANSWER

Differentiate between perfect oligopoly and imperfect oligopily

Posted by Oviya Selvamani 7 years, 8 months ago

CBSE > Class 12 > Economics

0 answers

ANSWER

The value of mpc is 0.6 and initial income in eco. is 100 crore.Prepare a schedule showing income ,cinsumption and saving

Posted by Xgcho Bldogdlhdi 7 years, 8 months ago

CBSE > Class 12 > Economics

0 answers

ANSWER

India has to import crude oil.what priblems do you anticipate for the country looking at the above situation??

Posted by Saddam Hussain 7 years, 8 months ago

CBSE > Class 12 > Economics

2 answers

Nayra Gupta 7 years, 8 months ago

It increases import bill of the country ....when there is currency depreciation ..more rupees are to be paid per unit of us dollar.....so that import bill rises.

Sukhwinder Kaur 7 years, 8 months ago

( Fiscal deficit = Expenditute > reciepts excluding borrowing ) .... indicate borrowing requirement to meet deficit .

ANSWER

Production function

Posted by Harshi Sukhwal 7 years, 8 months ago

CBSE > Class 12 > Economics

1 answers

Harshi Sukhwal 7 years, 8 months ago

Production function

ANSWER

Explain the condition of producer equilibrium in terms of marginal revenue and marginal cost

Posted by Kajal Panjwani 7 years, 8 months ago

CBSE > Class 12 > Economics

3 answers

Kittu K 7 years, 8 months ago

1. MR =MC 2.MC should be rising 3.MC is greater than MR

Nayra Gupta 7 years, 8 months ago

MR=MC MC must be rising after obtaining equilibrium point.

Arinan Aggarwal 7 years, 8 months ago

MR=MC MC>MR

ANSWER

Defin tu and mu

Posted by Ankur Ankur 7 years, 8 months ago

CBSE > Class 12 > Economics

3 answers

Akshita Yadav 7 years, 8 months ago

Mu refers to the utility derived on the account of consumption of every additional unit of a commodity

Akshita Yadav 7 years, 8 months ago

Tu refers to the sum total of utility derived from the consumption of all the units of a commodity

Deepankar Sarkar 7 years, 8 months ago

TU=The sum total of all Marginal Utilities. MU=The change in total utility resulting from a unit increase in consumption. MU =TUn-TUn-1

ANSWER

Wht is the difrnce btwn bop nd govt. Budget?

Posted by Tanu Maan 7 years, 8 months ago

CBSE > Class 12 > Economics

0 answers

ANSWER

What will be the effect of Clean India Mission on Production Possibility Curve ?

Posted by Vivek Nelson 7 years, 8 months ago

CBSE > Class 12 > Economics

1 answers

Tanu Maan 7 years, 8 months ago

Production possibility curve will shift foward...

ANSWER

Sab ne preparation Kar liya ka eco ke liye

Posted by Abhishek Anand 7 years, 8 months ago

CBSE > Class 12 > Economics

3 answers

Tanu Maan 7 years, 8 months ago

Ab to bs rivision leni h

Aayushi Pandey 7 years, 8 months ago

Krna kya h. Pehle. Se padh rakha h

Sukhwinder Kaur 7 years, 8 months ago

Yesss

ANSWER

Mpc is 0.6 inital income in economy is Rs.100 crores. Prepare a schedule showing income,consumption and saving. Also show the equilibrium level of income by assuming investment of Rs.80crores

Posted by Aparna Jha 7 years, 8 months ago

CBSE > Class 12 > Economics

1 answers

Harshit Soni 7 years, 8 months ago

Y= 100 200 300 400 500 ( equilibrium is when s=I ths I= 80 80 80 80 80.--- situation is on second po- C= 60 120 180 240 300 .__into 80=80 so it is an equ_ S= 20 80 120 160 200.__ilibrium point.)

ANSWER

A 5% fall in the price leads to 10% rise in its demand. A consumer buys 40 units of the good at the price of rs 10 per unit. How many units will the consumer buy at a price of rs 12 per unit?

Posted by Surabhi Puneyani 7 years, 8 months ago

CBSE > Class 12 > Economics

1 answers

Nidhi Sharma 7 years, 8 months ago

24 units

ANSWER

Price elasticity of demand for a good is (-)2. The consumer buys a certain quantity of this good at the price of rs. 8 per unit. When the price falls,he buys 50% more quantity. What is the new price?

Posted by Surabhi Puneyani 7 years, 8 months ago

CBSE > Class 12 > Economics

0 answers

ANSWER

The demand for a good doubles due to 25% fall in its price. Calculate the price elasticity.

Posted by Surabhi Puneyani 7 years, 8 months ago

CBSE > Class 12 > Economics

0 answers

ANSWER

What is meant by price ceiling ? Explain it's implications.

Posted by Mahima Seth 7 years, 8 months ago

CBSE > Class 12 > Economics

0 answers

ANSWER

Define macroeconomics

Posted by Nandu Bhattacharjee 7 years, 8 months ago

CBSE > Class 12 > Economics

3 answers

Omprakash Saini 7 years, 8 months ago

Macroeconomics studies the behavior of aggregate variable .

Omprakash Saini 7 years, 8 months ago

Macroeconomics word derived from Greek word 'makros ' which means aggregate /whole / total.

Tanya Tomar 7 years, 8 months ago

Macroeconomics is that branch of economics which studies economic problem or economic issuesat the level of economy as a whole.

ANSWER

Supplementary exam hoga abki bar v

Posted by Vibhu Singhal 7 years, 8 months ago

CBSE > Class 12 > Economics

2 answers

Vibhu Singhal 7 years, 8 months ago

Campartment

Shorvari Suxena 7 years, 8 months ago

Mtlb

ANSWER

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