CBSE Class-12 Economics: Questions 113 - 116 of 523

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Question number: 113

» Producer Behaviour and Supply » Revenue

Short Answer Question▾

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Explain the relation between marginal revenue and average revenue when a firm is able to sell more quantity of output

(i) at the same price.

(ii) only by lowering the price.

Question number: 114

» Market and Price Determination » Monopoly

» Market and Price Determination » Monopolistic Competition

Short Answer Question▾

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State any two features each of monopoly and monopolistic competition.

Question number: 115

» Producer Behaviour and Supply » Cost

Short Answer Question▾

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A firm’s Average Fixed Cost of producing 2 units of a good is Rs. 9. and given below is its total cost schedule. Calculate its Average Variable Cost and Marginal Cost for each of the given level of output:

total cost schedule and number of unit produced by the firm

information to calculate average variable cost and marginal cost

Output (units)

Total cost ( Rs. )

1

23

2

27

3

30

Question number: 116

» National Income and Related Aggregates » National Disposable Income

» National Income and Related Aggregates » Gross National Product

Short Answer Question▾

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Calculate Gross National Product at Market Price and Personal Disposable Income from the following data

information to calculate Gross National Product at Market Price and Personal Disposable Income

various data and their amount in Rs. is given for calculation

No.

particulars

Amount

1

Subsidy

20

2

Net factor income from abroad

(–) 60

3

Gross national disposable income

1050

4

Personal Tax

110

5

Savings of private corporations

40

6

National income

900

7

Indirect tax

100

8

Corporation tax

90

9

Net national disposable income

1000

10

National debt interest

30

11

Net current transfers from abroad

20

12

Current transfers from government

50

13

Miscellaneous receipts of the government administrative

departments

30

14

Private income

700

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