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Under bretten wood system a currency of one country is pegged and each country defines the value of its own value of currency in relation to the pegged currency. Under gold standard system each country has to define its cuurency value in relation to the gold.

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Why is marginal cost curve u-shaped??? Complete explanation required...

Posted by Mayura Jain 7 years, 11 months ago

CBSE > Class 12 > Economics

1 answers

Runjhun Sharma 7 years, 11 months ago

Marginal cost curve is u shaped because of law of variable proportions. Cost is just the opposite of production. When Marginal product increase at an increasing rate then marginal cost falls . When marginal product incrases at constant rate then marginal cost stablises and when mp increase at decreasing rate then marginal cost increases.

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What is meant by official reserve transactions? Discuss their importance ie Balance of Payment.

Posted by Reema Gadhiya 7 years, 11 months ago

CBSE > Class 12 > Economics

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How elastic demand of necessity goods and inferior goods?

Posted by Sakshi Bhandari 7 years, 11 months ago

CBSE > Class 12 > Economics

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What will be the effect on ppc due to gst?

Posted by Mahashweta Garg 7 years, 11 months ago

CBSE > Class 12 > Economics

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What is the effect on ppc due to bst?

Posted by Mahashweta Garg 7 years, 11 months ago

CBSE > Class 12 > Economics

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AR curve is firm demand curve! Comment

Posted by Varsha Sharm 7 years, 11 months ago

CBSE > Class 12 > Economics

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Derive law of demand curve from LDMU?

Posted by Varsha Sharm 7 years, 11 months ago

CBSE > Class 12 > Economics

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Normative economics is based on

Posted by Mahak Agrawal 7 years, 11 months ago

CBSE > Class 12 > Economics

4 answers

Reshma Sree 7 years, 11 months ago

Systematic study of what ought to be.. Value judgements Whether a particular mechanism is desirable or nt

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Payal Rana 7 years, 11 months ago

Or in simple words we can say normative economics is based on value judgement..

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Payal Rana 7 years, 11 months ago

Normative economics is school of thought which believes that economics as a subject should pass value statements, judgement and opinions on economic policies ,statement and project..

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Gayatri Parashar 7 years, 11 months ago

Opinions

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Suppose government expenditure increase what is the effect an aggregate demand and expenditure.

Posted by Sakshi Bhandari 7 years, 11 months ago

CBSE > Class 12 > Economics

1 answers

Gayatri Parashar 7 years, 11 months ago

AD and expenditure also increases

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Non satiety means that marginal utility of a commodity never turns to negative?

Posted by Sania Narang 7 years, 11 months ago

CBSE > Class 12 > Economics

2 answers

Pooja Rawat 7 years, 11 months ago

Sorry, it means Mu never be equal to 0.

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Pooja Rawat 7 years, 11 months ago

It means Mu never be -ve.

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What is consumer's equilibrium? Explain consumer's equilibrium in case of a single commodity with the help of a utility schedule

Posted by Pinki Goswami 7 years, 11 months ago

CBSE > Class 12 > Economics

1 answers

Reshma Sree 7 years, 11 months ago

MUx/MUm=Px

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What is demand schedule?

Posted by Jaya Chowdhury 7 years, 11 months ago

CBSE > Class 12 > Economics

3 answers

Reshma Sree 7 years, 11 months ago

It is a schedule which shows the list of quantities an individual buyer can purchase at a particula price in a given market during a given period of time.

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Pranjal Srivastava 7 years, 11 months ago

It is a table which shows various guantities that a consumer wants buy at different possible price at a point of time.

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Insha Fatima 7 years, 11 months ago

Demand schedule a list of all those commodity which a rational consumer demands at various prices, ceteris peribus. It helps us to draw a demand curve

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Kya kisi ka eco ka practical hogya hai...so plzzz tell the questions??

Posted by Rashi Takkar 7 years, 11 months ago

CBSE > Class 12 > Economics