CBSE (Central Board of Secondary Education- Board Exam) Class-12 Economics: Questions 48 - 54 of 523

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Question number: 48

» Producer Behaviour and Supply » Production Function

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What change will take place in marginal product, when total product increases at a diminishing rate?

Question number: 49

» Producer Behaviour and Supply » Supply » Supply Schedule

Short Answer Question▾

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State the ‘law of supply’. What is meant by the assumption ‘other things remaining the same’ on which the law is based?

Question number: 50

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

Short Answer Question▾

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From the following data calculate national income:

information to calculate national income

some of data with their amounts is given to calculate national income

No.

Particulars

Rs. (Crores)

1

Compensation of employees

800

2

Rent

200

3

Wages and salaries

750

4

Net exports

(-30)

5

Net Factor income from abroad

(-20)

6

Profit

300

7

Interest

100

8

Depreciation

50

Question number: 51

» Producer Behaviour and Supply » Producer's Equilibrium

Short Answer Question▾

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Define ‘producer’s equilibrium’. Explain the conditions of producer’s equilibrium in terms of Total Cost and Total Revenue. Use diagram.

Question number: 52

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

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Explain the effect of a rise in the prices of ‘related goods’ on the demand for a good X.

Question number: 53

» Consumer's Equilibrium and Demand » Consumer's Equilibrium

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For a consumer to be in equilibrium why must marginal rate of substitution be equal to the ratio of prices of the two goods?

Question number: 54

» National Income and Related Aggregates » Gross National Product

Short Answer Question▾

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Calculate gross fixed capital formation from the following data:

Information to calculate gross fixed capital formation

amount of various data is given for caluculation

NO.

particulars

Rs. Crores

1

Private final consumption expenditure

1000

2

Government final consumption expenditure

500

3

Net exports

(-) 50

4

Net factor income from abroad

20

5

Gross domestic product at market price

2, 500

5

Opening stock

300

7

Closing stock

200

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