CBSE (Central Board of Secondary Education- Board Exam) Class-12 Economics: Questions 365 - 373 of 523

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Question number: 365

» Producer Behaviour and Supply » Revenue

Essay Question▾

Describe in Detail

Complete the following table:

Output (units)

Total Revenue ( Rs. )

Marginal Revenue ( Rs. )

Average Revenue ( Rs. )

1

-

-

8

2

-

4

-

3

12

-

4

4

8

-

2

Explanation

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Question number: 366

» Producer Behaviour and Supply » Cost

Essay Question▾

Describe in Detail

Complete the following table:

Output (units)

Average Variable cost ( Rs. )

Total cost

Marginal cost

1

-

60

20

2

18

-

-

3

-

-

18

4

20

120

-

5

20

-

-

Explanation

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Question number: 367

» Determination of Income and Employment » Short-Run Equilibrium Output

Short Answer Question▾

Write in Short

Why is income tax a direct tax?

Question number: 368

» Government Budget and the Economy » Government Budget

Essay Question▾

Describe in Detail

While calculating national income of India from its domestic factor income, how will you treat the following? Give reasons for your answer.

(i) Salaries received by Indians working in branches of foreign banks in India.

(ii) Profits earned by an Indian Bank from its branches abroad.

(iii) Rent paid by embassy of Japan in India to an Indian resident.

Explanation

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Question number: 369

» Consumer's Equilibrium and Demand » Demand » Elasticity of Demand

Short Answer Question▾

Write in Short

When is the demand of commodity said to be elastic?

Question number: 370

» Money and Banking » Central Bank & Its Functions » Central Bank

Essay Question▾

Describe in Detail

State any three points of distinction between central bank and commercial banks.

Explanation

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Question number: 371

» Government Budget and the Economy » Government Budget

Essay Question▾

Describe in Detail

Explain the circular flow of income.

Explanation

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Question number: 372

» Producer Behaviour and Supply » Production Function

Essay Question▾

Describe in Detail

Distinguish between intermediate products and final products. Give example.

Explanation

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Question number: 373

» Market and Price Determination » Perfect Competition

Essay Question▾

Describe in Detail

Why is a firm under Perfect competition a price-taker? Explain

Explanation

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