Producer Behaviour and Supply-Production Function (CBSE (Central Board of Secondary Education- Board Exam) Class-12 Economics): Questions 9 - 18 of 49

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: 9

» Producer Behaviour and Supply » Production Function

Appeared in Year: 2011

Short Answer Question▾

Write in Short

Define budget set.

Question number: 10

» Producer Behaviour and Supply » Production Function

Appeared in Year: 2009

Short Answer Question▾

Write in Short

What can be the minimum value of investment multiplier?

Question number: 11

» Producer Behaviour and Supply » Production Function

Appeared in Year: 2011

Essay Question▾

Describe in Detail

Explain the three properties of indifference curves

Explanation

… (275 more words) …

Question number: 12

» Producer Behaviour and Supply » Production Function

Appeared in Year: 2011

Short Answer Question▾

Write in Short

Giving reasons classify the following into intermediate products and final products:

(i) Furniture purchased by a school.

(ii) Chalks, dusters, etc. purchased by a school

Question number: 13

» Producer Behaviour and Supply » Production Function

Appeared in Year: 2006

One Liner Question▾

Write in Brief

When a good is called an ‘inferior good’?

Question number: 14

» Producer Behaviour and Supply » Production Function

Appeared in Year: 2010

True-False▾

Following Statement is true or false:

When marginal product falls, average product will also fall.

Question number: 15

» Producer Behaviour and Supply » Production Function

Appeared in Year: 2010

Essay Question▾

Describe in Detail

In an economy 75 percent of the increase in income is spent on consumption. Investment is increased by Rs. 1, 000 crore. Calculate:

(a) Total increase in income

(b) Total increase in consumption expenditure.

Explanation

… (71 more words) …

Question number: 16

» Producer Behaviour and Supply » Production Function

Appeared in Year: 2011

Short Answer Question▾

Write in Short

Why is a production possibility curve concave? Explain.

Question number: 17

» Producer Behaviour and Supply » Production Function

Short Answer Question▾

Write in Short

Give meanings of marginal physical product

Question number: 18

» Producer Behaviour and Supply » Production Function

Essay Question▾

Describe in Detail

Identify the three phases of the Law of Variable Proportions from the following and also give reason behind each phase:

Law of Variable Proportions

Find Law of Variable Proportions

Unit of variable input

Total physical product

1

10

2

22

3

30

4

35

5

30

Explanation

… (100 more words) …

f Page
Sign In