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Subject: Economics, asked on 6/8/17

Q. Draw three demand curves in which price elasticity of demand remains same at all points.
 

Subject: Economics, asked on 6/8/17

output   1    2     3     4     5     6
​​​AFC      60  30   20  15   12    10
​MC        32  30   28  30   35    43
FIND TC AND AVC. PLS COULD EXPLAIN AND SEND SO THAT I CAN UNDERSTAND CLEARLY...THANK YOU

Subject: Economics, asked on 5/8/17

In the Book it is given that when AP=MP , AP is at its maximum.
However in this numerical this does not happen i.e. At the maximum value of AP it is NOT equal to MP (> MP) and when it becomes equal to MP (between the 2nd and 3rd unit) it is not at its maximum value.
What is the reason behind this Contradiction???


Subject: Economics, asked on 4/8/17

In the Book it is given that when AP=MP , AP is at its maximum.
However in this numerical this does not happen i.e. At the maximum value of AP it is NOT equal to MP and when it becomes equal to MP (between the 2nd and 3rd unit) it is not at its maximum value.
What is the reason behind this Contradiction???

Subject: Economics, asked on 31/7/17

A producer starts the business in the building owned by him and borrows money for running it. Identify implicit cost.

Subject: Economics, asked on 30/7/17

commodities x and y have equal price elasticity of supply , the supply of x rises from 200 units to 350 units due to a 25% rise in it's price . calculate it's price fall by 10%

Subject: Economics, asked on 30/7/17

the price elasticity of a commodity is 2 when its price falls from rs 10 to rs 8 per unit it quantity ​supplied falls by 500 units . calculate the quantity supllied at the new price 

Subject: Economics, asked on 30/7/17

the price elasticity of a commodity y is half the p elasticity of commodity x 16% rise in the price of x results in an 40% . if the price of y falls by 8% . calculate the percentage fall . 

Subject: Economics, asked on 30/7/17

calculate elasticity of supply when p rises from rs 2  rs 3 in the both the cases . why does elasticity of supply differs in both the cases even though absolute change in quantity supplied is 20 units

Subject: Economics, asked on 23/7/17


Define Unitary elastic Demand and draw demand curve for it. What is the significance of a unitary elastic demand curve?

Ans: When percentage change in the quantity demanded is equal to percentage change in price , then demand for such & commodity is said to unitary elastic . In this case ED = 1 and the demand curve is a rectangular hyperbola . Rectangular hyperbola is curve under which the total area at all points will be the same. 
 

Subject: Economics, asked on 20/7/17

Q. Discuss in brief the various precaution of value added method.  

Subject: Economics, asked on 20/7/17

Q. Explain the production method of estimating national income.

Subject: Economics, asked on 18/7/17

PLEASE CHECK THE ANSWER​

Subject: Economics, asked on 17/7/17

How total product initially increases at an increasing rate if all the variable factors are assumed to be equally efficient. Explain with examples

Subject: Economics, asked on 12/7/17

The technology changes used in the production of good Y. What will be its effect on the supply of good Y

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