Producer Behaviour and Supply-Cost (CBSE Class-12 Economics): Questions 10 - 17 of 47

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: 10

» Producer Behaviour and Supply » Cost

One Liner Question▾

Write in Brief

Give meaning of balance of payments

Question number: 11

» Producer Behaviour and Supply » Cost

One Liner Question▾

Write in Brief

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

Question number: 12

» Producer Behaviour and Supply » Cost

One Liner Question▾

Write in Brief

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

Question number: 13

» Producer Behaviour and Supply » Cost

Essay Question▾

Describe in Detail

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

Explanation

Producer is earning maximum profits. Profit is the difference between total revenue and total cost. Producer is in equilibrium at that level of output he is earning maximum profits. If produces less than he does not maximize total profits.

Total cost and Total Revenue curves: -

Profit is the difference… (92 more words) …

Question number: 14

» Producer Behaviour and Supply » Cost

One Liner Question▾

Write in Brief

Why is a production possibility curve concave?

Question number: 15

» Producer Behaviour and Supply » Cost

Appeared in Year: 2006

Essay Question▾

Describe in Detail

The total fixed cost of a firm is Rs. 12. Given below is its marginal cost schedule. Calculate total cost and average variable cost for each given level of output.

Calculate total cost and average variable cost for each given level of output.

Calculate total cost and average variable cost for each given level of output in detail

Output (units)

1

2

3

4

5

6

Marginal cost (RS. )

9

7

2

4

8

12

Explanation

Calculation total cost and average variable cost for each given level of output.

Calculation total cost and average variable cost for each given level of output in detail

Output (units)

Marginal cost ( Rs. )

Total fixed cost

Total variable cost

Total cost

Average variable cost Equation

1

9

12… (40 more words) …

Question number: 16

» Producer Behaviour and Supply » Cost

Appeared in Year: 2010

True-False▾

Following Statement is true or false:

Average variable cost can fall even when marginal cost is rising.

Question number: 17

» Producer Behaviour and Supply » Cost

Appeared in Year: 2009

Essay Question▾

Describe in Detail

Find Total cost and Marginal cost.

Find Total cost and Marginal cost in detail.

Output (units)

Average Variable Cost ( Rs. )

Total Cost ( Rs. )

Marginal Cost ( Rs. )

1

-

60

20

2

18

-

-

3

-

-

18

4

20

120

-

5

22

-

-

Explanation

Calculation of Total cost and Marginal cost.

Calculation of Total cost and Marginal cost in detail.

Output (units)

Average Variable Cost ( Rs. )

Total Cost ( Rs. )

Total Fixed cost ( Rs. )

Total variable cost ( Rs. )

Marginal Cost ( Rs. )

1

20

60

40… (99 more words) …

f Page
Sign In