Producer Behaviour and Supply-Revenue (CBSE Class-12 Economics): Questions 25 - 28 of 28

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Question number: 25

» Producer Behaviour and Supply » Revenue

Essay Question▾

Describe in Detail

Give meaning of capital expenditure and revenue expenditure in a government budget and an example of each.

Explanation

(i) Revenue Expenditure: -

Revenue expenditure refer to the expenditure which creates any asset and do not cause reduction in liability of government. It is recurring in nature. it is normal function of government and the provision for service.

Example: - pensions, interests, expenditure etc.

The revenue expanditure.

The Revenue Expanditure.

This image… (45 more words) …

Question number: 26

» Producer Behaviour and Supply » Revenue

Essay Question▾

Describe in Detail

Complete the following table:

Price ( Rs. )

Output (Units)

Total Revenue (Rs)

Marginal Revenue ( Rs. )

-

1

6

-

4

-

-

2

-

3

6

-

1

-

-

(-) 2

Explanation

Price ( Rs. )

Output (Units)

Total Revenue (Rs)

Marginal Revenue ( Rs. )

6

1

6

6

4

2

8 (4 × 2)

2

2

3

6

-2 (6 - 8)

1

4

4 (1 × 4)

(-2)

Question number: 27

» Producer Behaviour and Supply » Revenue

Short Answer Question▾

Write in Short

Give meaning of Revenue

Question number: 28

» Producer Behaviour and Supply » Revenue

Essay Question▾

Describe in Detail

Distinguish between ‘revenue receipt’ and ‘capital receipt’ and give two examples of each.

Explanation

Distinguish between revenue receipt and capital receipt and give two examples

In detail Distinguish between revenue receipt and capital receipt and give two examples

Characteristics

Revenue receipt

Capital receipt

Definition

Revenue receipt means income created from the operating activities.

Capital receipt means income created from investment

What does receipt create?… (41 more words) …

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