CBSE Class-12 Economics: Questions 127 - 133 of 523

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Question number: 127

» Producer Behaviour and Supply » Production Function

Short Answer Question▾

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All the inputs used in production of a good are increased simultaneously and in the same proportion. What are its possible effects on Total Product?

Explain with the help of a numerical example.

Question number: 128

» Introductory Microeconomics » What Is an Economy?

Short Answer Question▾

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Explain the Central problem “how to produce. ”

Question number: 129

» Introductory Microeconomics » What Is an Economy?

One Liner Question▾

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What gives rise to an economic problem?

Question number: 130

» Balance of Payments » Balance of Payments Account

One Liner Question▾

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State the nature of transactions that are recorded in current account of the Balance of Payments account.

Question number: 131

» Determination of Income and Employment » Propensity to Consume and Propensity to Save

Short Answer Question▾

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Complete the following table:

Data of Income, Saving for calulation of MPC and APC

shows income level and savings at that point to find out MPC and APC

Income

Saving

MPC

APC

0

-20

-

-

50

-10

-

-

100

0

-

-

150

30

-

-

200

60

-

-

Question number: 132

» Balance of Payments » Foreign Exchange Rate

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State any two merits and demerits of flexible exchange rate system.

Question number: 133

» Producer Behaviour and Supply » Producer's Equilibrium

Short Answer Question▾

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On the basis of the information given below, determine the level of output at which the producer will be in equilibrium. Use the marginal cost - marginal revenue approach. Give reasons for your answer.

Output, Average Revenue and Total Cost

shows AR and TC when output per unit changes

Output (Units)

Average Revenue (Rs)

Total Cost (Rs)

1

7

8

2

7

15

3

7

21

4

7

26

5

7

33

6

7

41

Why does the difference between Average Total Cost and Average Variable Cost

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