Producer Behaviour and Supply-Revenue (CBSE (Central Board of Secondary Education- Board Exam) Class-12 Economics): Questions 15 - 24 of 28

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Question number: 15

» Producer Behaviour and Supply » Revenue

Essay Question▾

Describe in Detail

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

Explanation

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Question number: 16

» Producer Behaviour and Supply » Revenue

Essay Question▾

Describe in Detail

Complete the following table:

Price ( Rs. )

Output (units)

Total Revenue ( Rs. )

Marginal Revenue (Rs)

10

1

-

-

-

2

14

-

-

3

-

1

-

4

12

-

Explanation

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Question number: 17

» Producer Behaviour and Supply » Revenue

Short Answer Question▾

Write in Short

Define revenue.

Question number: 18

» Producer Behaviour and Supply » Revenue

Essay Question▾

Describe in Detail

Complete the following table:

Output (units)

Average Revenue

Marginal revenue

Total revenue

1

-

15

-

2

-

-

26

3

11

-

-

4

-

3

-

Explanation

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Question number: 19

» Producer Behaviour and Supply » Revenue

Essay Question▾

Describe in Detail

Complete the following table:

Output (units)

Total Revenue ( Rs. )

Marginal Revenue ( Rs. )

Average Revenue ( Rs. )

1

-

-

8

2

-

4

-

3

12

-

4

4

8

-

2

Explanation

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Question number: 20

» Producer Behaviour and Supply » Revenue

True-False▾

Following Statement is true or false:

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

Question number: 21

» Producer Behaviour and Supply » Revenue

Essay Question▾

Describe in Detail

Complete the following table:

Output (units)

Price ( Rs. )

Total Revenue

Marginal Revenue

4

9

36

-

5

-

-

4

6

-

42

-

7

6

-

-

8

-

40

-

Explanation

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Question number: 22

» Producer Behaviour and Supply » Revenue

True-False▾

Following Statement is true or false:

When total revenue is maximum, marginal revenue is also maximum.

Question number: 23

» Producer Behaviour and Supply » Revenue

Essay Question▾

Describe in Detail

Explain the basis of classifying government receipts into revenue receipts and capital receipts. Give two example of each.

Explanation

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Question number: 24

» Producer Behaviour and Supply » Revenue

Essay Question▾

Describe in Detail

what is revenue deficit? What are its implications?

Explanation

… (150 more words) …

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