CBSE Class-12 Economics: Questions 219 - 225 of 523

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Question number: 219

» Producer Behaviour and Supply » Production Function

Appeared in Year: 2011

Short Answer Question▾

Write in Short

Why is a production possibility curve concave? Explain.

Question number: 220

» Producer Behaviour and Supply » Revenue

Appeared in Year: 2009

Essay Question▾

Describe in Detail

Complete the following table:

Calculation of Total revenue and Marginal revenue.

Calculation of Total revenueand Marginal revenuein detail.

Output (units)

Price ( Rs. )

Average revenue

Total Revenue ( Rs. )

Marginal Revenue ( Rs. )

4

9

36

-

5

-

-

4

6

-

42

-

7

6

-

-

8

-

40

-

Explanation

Calculation of Total revenue and Marginal revenue.

Calculation of Total revenueand Marginal revenuein detail.

Output (units)

Price ( Rs. )

Average revenue

Total Revenue ( Rs. )

Marginal Revenue ( Rs. )

4

9

36

-

5

8

40 (8 × 5)

4 (40 - 36)

6

7 (42/7)

42… (81 more words) …

Question number: 221

» National Income and Related Aggregates » Gross National Product

Appeared in Year: 2006

Essay Question▾

Describe in Detail

From the following data, calculate “gross value added at factor cost”.

calculate gross value added at factor cost.

calculate gross value added at factor cost in detail.

-

( Rs. in lakhs)

Sales

180

Rent

5

Subsidies

10

Change in stock

15

Purchase of raw materials

100

Profits

25

Explanation

value added at factor cost = Sales + Change in stock - Purchase of raw materials + Subsidies

= 180 + 15 - 100 + 10

= Rs. 105 lakh

Question number: 222

» Balance of Payments » Foreign Exchange Rate

Appeared in Year: 2011

Essay Question▾

Describe in Detail

When price of a foreign currency rises, its demand falls. Explain why?

Explanation

When the price of foreign currency rises then it involve that foreign goods have become expensive for the domestic residents of the country. This results in a fall in the demand for foreign goods by the domestic residents. So, the demand for foreign currency falls.

For example, suppose the rupee-dollar… (50 more words) …

Question number: 223

» Producer Behaviour and Supply » Supply » Elasticity of Supply

Appeared in Year: 2010

Essay Question▾

Describe in Detail

At a price of Rs. 5 per unit of commodity A, total revenue is Rs. 800. When its price rises by 20 percent, total revenue increases by Rs. 400. Calculate its price elasticity of supply.

Explanation

In this initial price (P1) = 5

Total revenue (TR) =800

So, Total revenue = price × Quantity

800 = 5 × Quantity

Quantity = 8005 = 160

Given: 20 % rise in price, means P = 20%

20 % of 5 = 20×5100 =1… (87 more words) …

Question number: 224

» Determination of Income and Employment » Excess & Deficient Demand

Appeared in Year: 2010

Short Answer Question▾

Write in Short

How is primary deficit calculated?

Question number: 225

» National Income and Related Aggregates » Net National Product

Appeared in Year: 2012

Essay Question▾

Describe in Detail

Find Net value added at Market price:

Find Net value added at Market price:

Find Net value added at Market price with calculation.

-

Price (Rs)

Output sold (units)

800

Price per unit of output

20

Exercise duty

1600

Import duty

400

Net change in stocks

(-) 500

Depreciation

1000

Intermediate cost

8000

Explanation

Net value added at Market price = Total value of sales + change in stock – Intermediate consumption – Depreciation

= (800 × 20) + (-500) – 8000 - 1000

= 6500rs.

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