Producer Behaviour and Supply (CBSE (Central Board of Secondary Education- Board Exam) Class-12 Economics): Questions 134 - 144 of 175

Get 1 year subscription: Access detailed explanations (illustrated with images and videos) to 523 questions. Access all new questions we will add tracking exam-pattern and syllabus changes. View Sample Explanation or View Features.

Rs. 900.00 or

Question number: 134

» Producer Behaviour and Supply » Revenue

True-False▾

Following Statement is true or false:

When total revenue is maximum, marginal revenue is also maximum.

Question number: 135

» Producer Behaviour and Supply » Cost

Short Answer Question▾

Write in Short

Give the meaning of opportunity cost.

Question number: 136

» Producer Behaviour and Supply » Supply » Supply Curve

Short Answer Question▾

Write in Short

What causes a downward movement along a supply curve?

Question number: 137

» Producer Behaviour and Supply » Supply » Elasticity of Supply

Essay Question▾

Describe in Detail

Commodities X and Y have equal price elasticity of supply. The supply of X rises from 400 units to 500 units due to a 20 percent rise in its price. Calculate

Explanation

… (54 more words) …

Question number: 138

» Producer Behaviour and Supply » Cost

Short Answer Question▾

Write in Short

Define fixed cost

Question number: 139

» Producer Behaviour and Supply » Supply » Supply Curve

Essay Question▾

Describe in Detail

Explain the effect of fall in prices of other goods on the supply of a given good

Explanation

… (104 more words) …

Question number: 140

» Producer Behaviour and Supply » Production Function

True-False▾

Following Statement is true or false:

Total product will increase only when marginal product increase

Question number: 141

» Producer Behaviour and Supply » Revenue

Essay Question▾

Describe in Detail

Explain the basis of classifying government receipts into revenue receipts and capital receipts. Give two example of each.

Explanation

… (45 more words) …

Question number: 142

» Producer Behaviour and Supply » Cost

Short Answer Question▾

Write in Short

Why is average total cost greater than average variable cost?

Question number: 143

» Producer Behaviour and Supply » Production Function

Essay Question▾

Describe in Detail

From the following schedule find out the level of output at which the producer is in equilibrium. Give reason for your answer.

Output (units)

Price ( Rs. )

Total cost

1

24

26

2

24

50

3

24

72

4

24

92

5

24

115

6

24

139

7

24

165

Explanation

… (79 more words) …

Question number: 144

» Producer Behaviour and Supply » Production Function

True-False▾

Following Statement is true or false:

When there are diminishing returns to a factor, total product always decreases.

f Page
Sign In