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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 :

amarginal Utility in unitsMarginal Utility of one rupee              bmarginal Utility of one rupeemarginal Utility in unitscmarginal Utility in unitsprice of the commodity                      d None of these

 

Subject: Economics, asked on 22/3/18

Important 6 marker please tell accordingly .
derive law of demand using law of equi marginal utility

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 

Subject: Economics, asked on 19/3/18

how much quantity of a good will a consumer buys at zero price level  --6marks :)

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?

Subject: Economics, asked on 3/3/18

How do archaeologists trace socio-economic differences in harappan society? What are the difference that they notice?

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?

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????

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)
 

Subject: Economics, asked on 20/2/18

Ques 8 please

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

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?

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?

Subject: Economics, asked on 21/1/18

Viva questions on gst

Subject: Economics, asked on 3/1/18

How there are an equal amount of satisfaction to the consumer in IC?

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