Producer Behaviour and Supply (CBSE (Central Board of Secondary Education- Board Exam) Class-12 Economics): Questions 145 - 155 of 175

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Question number: 145

» Producer Behaviour and Supply » Cost

True-False▾

Following Statement is true or false:

When marginal cost rises, average cost will also rise.

Question number: 146

» Producer Behaviour and Supply » Cost

Essay Question▾

Describe in Detail

Given below is cost and revenue schedule of a producer. At what level of output is producer in equilibrium? Give reasons for your answer.

Output (Units)

Price ( Rs. )

Total cost ( Rs. )

1

10

13

2

10

22

3

10

30

4

10

38

5

10

47

6

10

57

7

10

71

Explanation

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Question number: 147

» Producer Behaviour and Supply » Revenue

Essay Question▾

Describe in Detail

what is revenue deficit? What are its implications?

Explanation

… (150 more words) …

Question number: 148

» Producer Behaviour and Supply » Production Function

Essay Question▾

Describe in Detail

Explain ‘consumption function’ with the help of a schedule and diagram.

Explanation

… (96 more words) …

Question number: 149

» Producer Behaviour and Supply » Production Function

Essay Question▾

Describe in Detail

Explain ‘consumption function’ with help of a schedule. Also record marginal propensity to consume in the schedule.

Explanation

… (107 more words) …

Question number: 150

» Producer Behaviour and Supply » Supply » Market Supply

Short Answer Question▾

Write in Short

What is ‘market supply’?

Question number: 151

» Producer Behaviour and Supply » Revenue

Essay Question▾

Describe in Detail

Give meaning of capital expenditure and revenue expenditure in a government budget and an example of each.

Explanation

… (94 more words) …

Question number: 152

» Producer Behaviour and Supply » Production Function

Essay Question▾

Describe in Detail

Explain what happens to losses in the long run if the firms are free to leave the industry.

Explanation

… (96 more words) …

Question number: 153

» Producer Behaviour and Supply » Production Function

Short Answer Question▾

Write in Short

Define ‘Marginal Rate of Transformation’.

Question number: 154

» Producer Behaviour and Supply » Supply » Elasticity of Supply

Essay Question▾

Describe in Detail

Distinguish between elastic and inelastic supply

Explanation

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Question number: 155

» Producer Behaviour and Supply » Cost

Essay Question▾

Describe in Detail

Distinguish between fixed cost and variable cost giving example.

Explanation

… (57 more words) …

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