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Indu Nair
Subject: Economics
, asked on 22/3/18
the answer to this has been given as a. in the t.b but shouldn't it be c.explain please.
5. Marginal utility ( MU) in terms of money is equal to :
a
marginal
Utility
in
units
Marginal
Utility
of
one
rupee
b
marginal
Utility
of
one
rupee
marginal
Utility
in
units
c
marginal
Utility
in
units
price
of
the
commodity
d
None
of
these
Answer
1
Shanaya
Subject: Economics
, asked on 22/3/18
Important 6 marker please tell accordingly .
derive law of demand using law of equi marginal utility
Answer
1
Ambareesh
Subject: Economics
, asked on 19/3/18
if a consumer's income is rs.150 and prices of two goods x and y are rs.5 and rs.10 respectively .
1) what will be the equation of budget line
2)how many goods can be bought if the consumer spends his entire income
3)how would the slope of budget line change if the price of the two goods double
Answer
1
Ambareesh
Subject: Economics
, asked on 19/3/18
how much quantity of a good will a consumer buys at zero price level --6marks :)
Answer
1
Ipsita Chakravarty
Subject: Economics
, asked on 19/3/18
Solve this:
1. Only wheat and cotton are grown in an economy. More efficient farming methods are adopted by all the farmers. How would it impact (i) PPC of an individual farmer, and (ii) PPC of the whole economy? use diagram.
2. There is only one oil company controlling the supply of crude oil in a country. The company discovers new oil fields and new technology. As a result, the potential level of output in the economy increases by a factor of '2' How would you reflect this change on a PPC diagram?
Answer
1
Agrima
Subject: Economics
, asked on 3/3/18
How do archaeologists trace socio-economic differences in harappan society? What are the difference that they notice?
Answer
1
Shanaya
Subject: Economics
, asked on 1/3/18
How does the proprtion of total expenditure spent on the product affect the elasticity of product?
1 marker
Plz explain in detail
And elasticity of demand,elasticity of supply and factors affecting ed are in syllabus but factors affecting es are not there
Right?
Answer
1
Vibhav
Subject: Economics
, asked on 27/2/18
When the price of a commodity is Rs 100, its QD = 10 units
When the price increases to Rs 125, its QD = 8 units
Calculate Elasticity of Demand,
As the total expenditure remains constant, Ed should be -1
however % change in QD = -20% and % change in Price = 25% which gives Ed = -0.8
So what is the error in this answer????
Answer
2
Shanaya
Subject: Economics
, asked on 25/2/18
Q. What's the meaning of CA, UA, OA, ICA?
Consumer's Equilibrium in case of Single Commodity (CA/UA )
Consumer's Equilibrium in case of Two Commodities (CA/UA)
Consumer's Equilibrium in case of Two Commodities (OA/ICA)
Answer
1
Arunima Jalali
Subject: Economics
, asked on 20/2/18
Ques 8 please
Answer
1
Arunima Jalali
Subject: Economics
, asked on 16/2/18
price elasticity of good x is - 3 and of good y is - 2 .which is more elastic and why is it more elastic.is it due to its change in demand changes more with change in price
Answer
1
Vibhav
Subject: Economics
, asked on 23/1/18
Q
How does a fall in price of exports lead to an increase in supply of exports?
Isn't this a clear cut violation of law of supply?
Answer
1
Vibhav
Subject: Economics
, asked on 22/1/18
Whats the answer of Q5.
Q.5. When the price of exportables falls in the domestic market and exports tend to rise, our export receipts fail to show a rise. Why?
Answer
1
Ipsita Chakravarty
Subject: Economics
, asked on 21/1/18
Viva questions on gst
Answer
1
Somnath Sharma
Subject: Economics
, asked on 3/1/18
How there are an equal amount of satisfaction to the consumer in IC?
Answer
1
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What are you looking for?
5. Marginal utility ( MU) in terms of money is equal to :
derive law of demand using law of equi marginal utility
1) what will be the equation of budget line
2)how many goods can be bought if the consumer spends his entire income
3)how would the slope of budget line change if the price of the two goods double
1. Only wheat and cotton are grown in an economy. More efficient farming methods are adopted by all the farmers. How would it impact (i) PPC of an individual farmer, and (ii) PPC of the whole economy? use diagram.
2. There is only one oil company controlling the supply of crude oil in a country. The company discovers new oil fields and new technology. As a result, the potential level of output in the economy increases by a factor of '2' How would you reflect this change on a PPC diagram?
1 marker
Plz explain in detail
And elasticity of demand,elasticity of supply and factors affecting ed are in syllabus but factors affecting es are not there
Right?
When the price increases to Rs 125, its QD = 8 units
Calculate Elasticity of Demand,
As the total expenditure remains constant, Ed should be -1
however % change in QD = -20% and % change in Price = 25% which gives Ed = -0.8
So what is the error in this answer????
Consumer's Equilibrium in case of Single Commodity (CA/UA )
Consumer's Equilibrium in case of Two Commodities (CA/UA)
Consumer's Equilibrium in case of Two Commodities (OA/ICA)
Isn't this a clear cut violation of law of supply?
Q.5. When the price of exportables falls in the domestic market and exports tend to rise, our export receipts fail to show a rise. Why?