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

PPC i.e. Production Possibility Curve is a curve which shows all the possible combination of production of two goods with given resources and technology.

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Thomfao Khongsai 7 years, 11 months ago

Ppc is a combination of two goods which gives goods with technology and resource

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ANSWER

Important question for demand and supply in viva

Posted by Harsh Choudhary 7 years, 11 months ago

CBSE > Class 12 > Economics

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Why have you not provided the chapter of FOREIGN EXCHANGE ?

Posted by Harsh Keshri 7 years, 11 months ago

CBSE > Class 12 > Economics

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Opportunity cost with the help of numerical example

Posted by Subhana Uddin 7 years, 11 months ago

CBSE > Class 12 > Economics

0 answers

ANSWER

How "pension after retirement" be treated in national income?

Posted by Vanshika Tandon 7 years, 11 months ago

CBSE > Class 12 > Economics

1 answers

Kirna Sheoran 7 years, 11 months ago

Pension after retirement include in national incomr because the rtired person get this pension for giving his service and it add in income method as compensation to employee

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ANSWER

Difine price elasticity of demand.

Posted by Suraj Yadav 7 years, 11 months ago

CBSE > Class 12 > Economics

2 answers

Ravi Rajput 7 years, 11 months ago

Price elasticity of demand refers to percentage change in Qty demanded due to some percentage change in price.

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Kirna Sheoran 7 years, 11 months ago

It means change in one variable because of another variable like two variables price and demand

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If MRS is constant what will be the slope of IC

Posted by Rajminder Kaur 7 years, 11 months ago

CBSE > Class 12 > Economics

1 answers

Rati Pandey 7 years, 11 months ago

If MRS is constant the slope of Ic is straight line

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ANSWER

what is economic ?

Posted by Rohit Sarwan 7 years, 11 months ago

CBSE > Class 12 > Economics

1 answers

Shreya Gupta 7 years, 11 months ago

It is a subject matter which deals with day to day activities

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National lncome formulas

Posted by Dev Arora 7 years, 11 months ago

CBSE > Class 12 > Economics

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Why law of supply states that producers will increase production only if prices will increase even though consumers decrease demand if prices will increase ??

Posted by Parneet Kaur 7 years, 11 months ago

CBSE > Class 12 > Economics

4 answers

Parneet Kaur 7 years, 11 months ago

Dont know .???

1Thank You

Karishma Kandoi 7 years, 11 months ago

the correct answer ???

1Thank You

Parneet Kaur 7 years, 11 months ago

Today was my eco practical and examiner asmed me same ques and my answer was same too but she considered it as wrong !!!

1Thank You

Karishma Kandoi 7 years, 11 months ago

because at higher price profit of supplier increases .

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ANSWER

If I.C.=1000 and imports =1200, do we add imports or not?

Posted by Himanshu Chawla 7 years, 11 months ago

CBSE > Class 12 > Economics

1 answers

Saurabh Rastogi 7 years, 11 months ago

No. As it include in i.c

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ANSWER

Explain the characteristics of indifference curve

Posted by Temjen Imsong 7 years, 11 months ago

CBSE > Class 12 > Economics

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ANSWER

Explain the characteristics indifference curve

Posted by Temjen Imsong 7 years, 11 months ago

CBSE > Class 12 > Economics

1 answers

Mohammed Dawood 7 years, 11 months ago

1.Indifference curves slope downward downward to the right or are negatively sloped as consumption of both the good cannot be increased at once. 2.indifference curve is convex to the point of origin due to diminishing marginal rate of substitution. 3.two indifference curve can never touch or intersect each other. 4.a higher indifference curve represent a higher level of satisfaction.

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What is going well with a lot to be honest opinion

Posted by Ajit Singh 7 years, 11 months ago

CBSE > Class 12 > Economics

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Where is chapter "price elasticity of demand" ??

Posted by Surjeet Singh 7 years, 11 months ago

CBSE > Class 12 > Economics

1 answers

Nisha Deshwal 7 years, 11 months ago

In the consumer equilibrium and demand ...

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ANSWER

What is mean by opportunity cost

Posted by Kaviraj Astekar 7 years, 11 months ago

CBSE > Class 12 > Economics

2 answers

Rati Pandey 7 years, 11 months ago

Opportunity cost is cost means second best alternative

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Mohammed Dawood 7 years, 11 months ago

Opportunity cost for a commodity is the amount of other commodity that has been foregone in order to produce the first .it is called as opportunity cost.

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Differentiate between autonomous and accomodating items ? Bop is determined by which items

Posted by Neelam Arora 7 years, 11 months ago

CBSE > Class 12 > Economics

1 answers

Kirna Sheoran 7 years, 11 months ago

Autonomous transaction done for the profit motive and accomodating transaction done without any profit motive .bop determined by accomodating items

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What are Griffin goods.

Posted by Aamir Beg 7 years, 11 months ago

CBSE > Class 12 > Economics

2 answers

Yas S 7 years, 11 months ago

Giffin goods instead Griffin goods

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Ishan Mittal 7 years, 11 months ago

Griffin goods are the low quality goods. They are used by poor people. They are also exception to law of demand

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ANSWER

If equilibrium price of a commodity is greater than its market price , explain all the changes that will take place in the market using diagram .

Posted by Pari Jain 7 years, 11 months ago

CBSE > Class 12 > Economics

4 answers

Asfa Najam 7 years, 11 months ago

Quantity supplied will be greater than quantity demanded,creating a surplus market price will fall......I cannot make the diagram here

1Thank You

Asfa Najam 7 years, 11 months ago

Because the one who studies have doubts

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Kirna Sheoran 7 years, 11 months ago

Sare douts exam ke ek din pahale hi kyu hote hai

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Pari Jain 7 years, 11 months ago

Please help me I am having my eco exam tomorrow

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ANSWER

Maine suna hain ki is bar economics ka compartment exam nahi hoga. Is it true ??

Posted by Mahak Singhal 7 years, 11 months ago

CBSE > Class 12 > Economics

1 answers

Asfa Najam 7 years, 11 months ago

No false as far as I know

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ANSWER

Explicit coat define

Posted by Pramod Arya 7 years, 11 months ago

CBSE > Class 12 > Economics

2 answers

Yas S 7 years, 11 months ago

It is the cost of purchasing inputs from the market

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Yash Gupta 7 years, 11 months ago

Explicit cost refers to the actual money expenditure incurred on hiring various factor services

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Price elasticity of demand for two goods X and Y are 0 and -1 which of the two goods is more elastic and why ?

Posted by Bhimji Madhaparia 7 years, 11 months ago

CBSE > Class 12 > Economics

2 answers

Yash Gupta 7 years, 11 months ago

Good Y with ed=1 because ed=0 means that good X is perfectly inelastic i.e. not effected by chane in price

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Pari Jain 7 years, 11 months ago

I think -1 becoz here the negative sign only shows inverse relationship between price and quantity demanded not the negative value

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Gross national product mean

Posted by Simran Gupta 7 years, 11 months ago

CBSE > Class 12 > Economics

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There consumer now consuming more unit of goods X less unit of good Y so, when consumer want to get equilibrium

Posted by Sadaf Khan 8 years ago

CBSE > Class 12 > Economics

1 answers

Rati Pandey 7 years, 11 months ago

If consumer consuming more unit of good X so his so his marginal utility from X must decline and they consume less unit of y so his utility from y must increase so they stop consuming X in place of y to achieve his equilibrium

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When the price of a good rises from rupees 10 per unit To rupees 12 per unit , its quantity demanded fall by 20%. Calculate its price elasticity of demand. How much would be the percentage change in its quantity demanded, if the price rise from rupees 10 per unit to Rupees 13 per unit?

Posted by Vishwanath Mishra 8 years ago

CBSE > Class 12 > Economics