Producer Behaviour and Supply-Revenue (CBSE Class-12 Economics): Questions 1 - 7 of 28

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Question number: 1

» Producer Behaviour and Supply » Revenue

One Liner Question▾

Write in Brief

Explain the relation between marginal revenue and average revenue when a firm is able to sell more quantity of output

(i) at the same price.

(ii) only by lowering the price.

Question number: 2

» Producer Behaviour and Supply » Revenue

Short Answer Question▾

Write in Short

Define marginal revenue. State the relation between marginal revenue and average revenue when a firm:

(i) is able to sell more quantity of output at the same price.

(ii) is able to sell more quantity of output only by lowering the price.

Question number: 3

» Producer Behaviour and Supply » Revenue

Short Answer Question▾

Write in Short

Complete the following table:

Table to Calculate the missing items like price, MR, TR

some of the information is given which helps to find out missing items

Output (units)

Price ( Rs. )

Marginal Revenue ( Rs. )

Total Revenue ( Rs. )

1

-

10

-

2

9

-

-

3

-

-

24

4

-

4

-

Question number: 4

» Producer Behaviour and Supply » Revenue

Short Answer Question▾

Write in Short

Explain the relation between marginal revenue and average revenue when a firm is able to sell more quantity of output

(i) at the same price.

(ii) only by lowering the price.

Question number: 5

» Producer Behaviour and Supply » Revenue

Essay Question▾

Describe in Detail

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

Explanation

Capital Receipts: - Capital receipts are the one which creates liability and reduce asset. It is categorized as:

(1) Recovery of loans: - It is reducing the assets of government.

(2) Borrowings: -Funds are raised through government from the borrowing as a capital receipts.

(3) Other receipts: - Funds raised… (84 more words) …

Question number: 6

» Producer Behaviour and Supply » Revenue

Appeared in Year: 2010

True-False▾

Following Statement is true or false:

When total revenue is constant average revenue will also be constant.

Question number: 7

» Producer Behaviour and Supply » Revenue

Appeared in Year: 2011

Essay Question▾

Describe in Detail

Distinguish between Average Revenue and Marginal Revenue with the help of a numerical example.

Explanation

Distinguish between Average Revenue and Marginal Revenue

In detail Distinguish between Average Revenue and Marginal Revenue

Characteristics

Average Revenue

Marginal Revenue

Definition

Average revenue is the revenue generated per unit of output sold.

Marginal revenue is the additional revenue that will be generated by increasing product sales by one unit.… (62 more words) …

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