Producer Behaviour and Supply (CBSE (Central Board of Secondary Education- Board Exam) Class-12 Economics): Questions 35 - 45 of 175

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Question number: 35

» Producer Behaviour and Supply » Production Function

One Liner Question▾

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Define ‘production function’.

Question number: 36

» Producer Behaviour and Supply » Supply » Determinants of Supply

One Liner Question▾

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Explain the effect of the following on the supply of a commodity:

(a) Fall in the prices of factor inputs.

(b) Rise in the prices of other commodities.

Question number: 37

» Producer Behaviour and Supply » Producer's Equilibrium

Short Answer Question▾

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What will be the price elasticity of supply at a point on a positively sloped, straight

line supply curve?

Question number: 38

» Producer Behaviour and Supply » Cost

One Liner Question▾

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Give meaning of balance of payments

Question number: 39

» Producer Behaviour and Supply » Cost

One Liner Question▾

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Give meanings of (1) marginal physical product, (2) fixed cost, (3) variable cost, and (4) total revenue

Question number: 40

» Producer Behaviour and Supply » Cost

One Liner Question▾

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When is supply of a commodity said to be (i) elastic, (ii) inelastic and (iii) perfectly inelastic?

Question number: 41

» Producer Behaviour and Supply » Supply » Market Supply

One Liner Question▾

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Explain the effect of ‘input price changes’ on the supply of a good

Question number: 42

» Producer Behaviour and Supply » Revenue

Essay Question▾

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Give meanings of capital receipts and revenue receipts with an example of each.

Explanation

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Question number: 43

» Producer Behaviour and Supply » Supply » Market Supply

Essay Question▾

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Explain the effect of technical progress on the supply of a good.

Explanation

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Question number: 44

» Producer Behaviour and Supply » Cost

Essay Question▾

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Explain the conditions leading to profit maximization by a producer. Use total cost and total revenue approach.

Explanation

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Question number: 45

» Producer Behaviour and Supply » Cost

One Liner Question▾

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Why is a production possibility curve concave?

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