Producer Behaviour and Supply-Revenue (CBSE Class-12 Economics): Questions 8 - 14 of 28

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Question number: 8

» Producer Behaviour and Supply » Revenue

Appeared in Year: 2009

Essay Question▾

Describe in Detail

Complete the following table:

Calculation of Total revenue and Marginal revenue.

Calculation of Total revenueand Marginal revenuein detail.

Output (units)

Price ( Rs. )

Average revenue

Total Revenue ( Rs. )

Marginal Revenue ( Rs. )

4

9

36

-

5

-

-

4

6

-

42

-

7

6

-

-

8

-

40

-

Explanation

Calculation of Total revenue and Marginal revenue.

Calculation of Total revenueand Marginal revenuein detail.

Output (units)

Price ( Rs. )

Average revenue

Total Revenue ( Rs. )

Marginal Revenue ( Rs. )

4

9

36

-

5

8

40 (8 × 5)

4 (40 - 36)

6

7 (42/7)

42… (81 more words) …

Question number: 9

» Producer Behaviour and Supply » Revenue

Appeared in Year: 2012

Short Answer Question▾

Write in Short

What is the behavior of average revenue in a market in which a firm can sell more only by lowering the price?

Question number: 10

» Producer Behaviour and Supply » Revenue

Essay Question▾

Describe in Detail

Categorize the following government receipts into revenue receipts and capital receipts. Give reason for your answer.

(a) Receipts from sale of shares of a public sector undertaking.

(b) Borrowings from public.

(c) Profits of public sector undertakings.

(d) Income tax received by government.

Explanation

(a) Receipts from sale of shares of a public sector undertaking is capital receipt because it outcomes in reduction of assets of government.

(b) Borrowings from public it is capital receipt and it creates liability for government.

(c) Profits of public sector undertakings it is not capital receipt but it… (42 more words) …

Question number: 11

» Producer Behaviour and Supply » Revenue

Short Answer Question▾

Write in Short

Give meanings of marginal revenue

Question number: 12

» Producer Behaviour and Supply » Revenue

Essay Question▾

Describe in Detail

Distinguish between ‘fiscal deficit’ and ‘revenue deficit’. What does fiscal deficit indicate?

Explanation

Distinguish between fiscal deficit and revenue deficit.

Distinguish between fiscal deficit and revenue deficit in detail.

Characteristics

Fiscal deficit

Revenue deficit

Meaning

Fiscal deficit is defined as excess of total expenditure over total receipts excluding borrowing.

Revenue deficit refers to the excess of revenue expenditure of the government over its… (50 more words) …

Question number: 13

» Producer Behaviour and Supply » Revenue

Short Answer Question▾

Write in Short

Explain the relation between marginal revenue and total revenue.

Question number: 14

» Producer Behaviour and Supply » Revenue

Essay Question▾

Describe in Detail

Complete the following table.

Find total revenue and marginal revenue.

In this table find total revenue and marginal revenue.

Price ( Rs. )

Output (units)

Total Revenue ( Rs. )

Marginal Revenue ( Rs. )

7

-

7

-

-

2

10

-

-

3

-

(-) 1

1

-

-

(-) 5

Explanation

Calculation total revenue and marginal revenue.

In this table calculation of total revenue and marginal revenue.

Price ( Rs. )

Output (units)

Total Revenue ( Rs. )

Marginal Revenue ( Rs. )

7

1

7

7

5

2

10

3

3

3

9

-1

1

4

4

-5

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