CBSE Class-12 Economics: Questions 259 - 263 of 523

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Question number: 259

» Producer Behaviour and Supply » Cost

Short Answer Question▾

Write in Short

Calculate Total Variable Cost and Marginal Cost from the following cost schedule of a firm whose Total Fixed Costs are Rs. 12

Calculate Total Variable Cost and Marginal Cost

Calculate Total Variable Cost and Marginal Cost in details.

Output

Total Cost

1

20

2

26

3

31

4

38

Question number: 260

» National Income and Related Aggregates » Methods of Calculating National Income » Expenditure Method

Essay Question▾

Describe in Detail

From the following data calculate National Income by Income and Expenditure methods:

calculate National Income by Income and Expenditure methods

Find National Income by Income and Expenditure methods

(Rs crore)

Government final consumption expenditure

100

Subsidies

10

Rent

200

Wages and salaries

600

Indirect taxes

60

Private final consumption expenditure

800

Gross domestic capital formation

120

Social security contributions by employers

55

Royalty

25

Net factor income paid to abroad

30

Interest

20

Consumption of fixed capital

10

Profit

130

Net exports

70

Change in stock

50

Explanation

National income by income method = Rent + Royalty + wages and salaries + Social security contributions by employers + Interest + Profit - Net factor income paid to abroad

= 200+25+600+55+20+13030

=rs1000crore.

National income by expenditure method… (54 more words) …

Question number: 261

» Producer Behaviour and Supply » Supply » Supply Schedule

Short Answer Question▾

Write in Short

Give meanings of supply schedule.

Question number: 262

» Producer Behaviour and Supply » Cost

Essay Question▾

Describe in Detail

Distinguish between fixed cost and variable cost and give one example of each?

Explanation

Distinguish between fixed cost and variable cost

Distinguish between fixed cost and variable cost given below:

Characteristics

Fixed cost

Variable cost

Definition

Fixed costs are costs that do not

vary with the level of production.

Variable costs are the costs that do vary with the level of production.

When change… (147 more words) …

Question number: 263

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

Essay Question▾

Describe in Detail

Complete the following table:

Find Marginal propensity to consume and Average propensity to consume

Marginal propensity to consume and Average propensity to consume find its avlue.

Income

Saving

Marginal propensity to consume

Average propensity to consume

0

-20

-

-

50

-10

-

-

100

0

-

-

150

30

-

-

200

60

-

-

Explanation

Calculation of Marginal propensity to consume and Average propensity to consume

Calculation is given in detail of Marginal propensity to consume and Average propensity to consume

Income

Saving

Consumption

Marginal propensity to consume

Average propensity to consume

0

-20

20

-

-

50

-10

60

40/50 = 0.8

60/50 =… (93 more words) …

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