Producer Behaviour and Supply (CBSE (Central Board of Secondary Education- Board Exam) Class-12 Economics): Questions 156 - 166 of 175

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Question number: 156

» Producer Behaviour and Supply » Revenue

Essay Question▾

Describe in Detail

Complete the following table:

Price ( Rs. )

Output (Units)

Total Revenue (Rs)

Marginal Revenue ( Rs. )

-

1

6

-

4

-

-

2

-

3

6

-

1

-

-

(-) 2

Explanation

… (12 more words) …

Question number: 157

» Producer Behaviour and Supply » Production Function

Essay Question▾

Describe in Detail

Explain what happens to the profits in the long run if the firms are free to enter the industry.

Explanation

… (75 more words) …

Question number: 158

» Producer Behaviour and Supply » Supply » Determinants of Supply

Short Answer Question▾

Write in Short

Define ‘aggregate supply’

Question number: 159

» Producer Behaviour and Supply » Production Function

Essay Question▾

Describe in Detail

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

Explanation

… (120 more words) …

Question number: 160

» Producer Behaviour and Supply » Cost

Essay Question▾

Describe in Detail

Distinguish between Average cost and Marginal cost giving an example.

Explanation

… (97 more words) …

Question number: 161

» Producer Behaviour and Supply » Supply » Elasticity of Supply

Essay Question▾

Describe in Detail

Distinguish between perfectly elastic and perfectly inelastic supply.

Explanation

… (67 more words) …

Question number: 162

» Producer Behaviour and Supply » Production Function

Short Answer Question▾

Write in Short

Define ‘Production function’.

Question number: 163

» Producer Behaviour and Supply » Revenue

Short Answer Question▾

Write in Short

Give meaning of Revenue

Question number: 164

» Producer Behaviour and Supply » Cost

Essay Question▾

Describe in Detail

Calculate ‘total variable cost’ and ‘total cost’ from the following cost schedule of a firm whose fixed costs are Rs. 10.

Calculate total variable cost and total cost

Calculation of total variable cost and total cost in detail

Output (Units)

1

2

3

4

Marginal Cost (Rs):

6

5

4

6

Explanation

… (56 more words) …

Question number: 165

» Producer Behaviour and Supply » Production Function

Short Answer Question▾

Write in Short

What does a rightward shift of production possibility curve indicate?

Question number: 166

» Producer Behaviour and Supply » Producer's Equilibrium

Essay Question▾

Describe in Detail

Explain producer’s equilibrium with the help of a diagram.

Explanation

… (156 more words) …

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