Producer Behaviour and Supply-Revenue [CBSE (Central Board of Secondary Education) Class-12 Economics]: Questions 14 - 21 of 28

Choose Programs:

🎯 508 Long Answer, 14 MCQs (& PYQs) with Full Explanations (2024-2025 Exam)

Rs. 900.00 -OR-

3 Year Validity (Multiple Devices)

CoverageDetailsSample Explanation

Help me Choose & Register (Watch Video) Already Subscribed?

Question 14

Describe in Detail Subjective▾

Complete the following table.

In this Table Find Total Revenue and Marginal Revenue
Price (₹)Output (units)Total Revenue (₹)Marginal Revenue (₹)
7-7-
-210-
-3-(-) 1
1--(-) 5
Edit

Explanation

In this Table Calculation of Total Revenue and Marginal Revenue

… (15 more words) …

Question 15

Describe in Detail Subjective▾

Explain producer՚s equilibrium using schedule. Use total cost and total revenue approach.

Edit

Explanation

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

Total cost and Total Revenue curves:-

Profit is the difference between total revenue and total cost. Profit …

… (60 more words) …

Question 16

Describe in Detail Subjective▾

Complete the following table:

Price (₹)Output (units)Total Revenue (₹)Marginal Revenue (Rs)
101--
-214-
-3-1
-412-
Edit

Explanation

Price (₹)Output (units)Total Revenue (₹)Marginal Revenue (Rs)
10110-
72144 (14 - 10)
53151 (15 - 14)
3412-3 (12 - 15)

Here, Total revenue = price Output

Marginal Revenue = -

Price =

… (7 more equations) …

Question 17

Write in Short Short Answer▾

Define revenue.

Edit

Question 18

Describe in Detail Subjective▾

Complete the following table:

Output (units)Average RevenueMarginal revenueTotal revenue
1-15-
2--26
311--
4-3-
Edit

Explanation

Output (units)Average RevenueMarginal revenueTotal revenue
1151515
2131126
311733
49336

In that sum

Average revenue =

And Total Revenue =

… (16 more equations, 6 figures) …

Question 19

Describe in Detail Subjective▾

Complete the following table:

Output (units)Total Revenue (₹)Marginal Revenue (₹)Average Revenue (₹)
1--8
2-4-
312-4
48-2
Edit

Explanation

Output (units)Total Revenue (₹)Marginal Revenue (₹)Average Revenue (₹)
18-8 (8 1)
2124 (12 - 8)6 (12 2)
3120 (12 - 12)4 (12 3)
48-4 (8 - 12)2 (8 4)

In this sum Here, Marginal Revenue = -

Average Revenue =

… (13 more equations) …

Question 20

Statement True-False▾

When marginal revenue is zero, average revenue will be constant.

Choices

Choice (4)Response

a.

False

b.

True

c.

None of the above

d.

Question does not provide sufficient data or is vague

Edit

Question 21

Describe in Detail Subjective▾

Complete the following table:

Output (units)Price (₹)Total RevenueMarginal Revenue
4936-
5--4
6-42-
76--
8-40-
Edit

Explanation

Calculating Marginal Revenue
Output (units)Price (₹)

Average revenue

Total RevenueMarginal Revenue
4936
58404
67422
76420
8540-2

In that sum

Average revenue =

… (6 more equations) …