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Subject: Economics, asked on 2/8/12

why is the short-run average cost curve U- shaped ?

Subject: Economics, asked on 14/8/15

difference between fixed factor and variable factor. 4 points min.

Subject: Economics, asked on 26/3/13

distinguish between Explicit cost and Implicit cost and given example

plz show ans in this question on point....

Subject: Economics, asked on 1/8/13

Why does a producer prefers 2nd stage of production?

Subject: Economics, asked on 19/3/15

Will 'Make In India' affect PPC?

Subject: Economics, asked on 14/4/14

What is meant by increasing at "decreasing rate/ increasing rate " ? m not able to understand the meaning of the phrase ...........

Subject: Economics, asked on 24/7/13

rectangular hyperbola means??

Subject: Economics, asked on 15/9/14

TR=TC is normal profit. Why and how?

Subject: Economics, asked on 18/8/13

Causes of law of increasing returns, diminishing returns and negative returns ?............ Please give ans. In points

Subject: Economics, asked on 22/8/12

Relationship between AP and TP.

Subject: Economics, asked on 12/8/14

Explain why TVC curve is inverse S-shaped curve?

Subject: Economics, asked on 31/12/18

Ali of Kolkata senta consignment of cotton goods to Osman of Delhi, invoiced at 1,000 The invoice price was made by adding 25% to the.cost. The expenses incurred by Ali were: packing 24 carriage etc., 16 insurance 12 and other expenses 26. After three months he received Account Sales intimating that half of the consignment was sold at 600, The expenses incurred by the consignee were : Freight Rs 30, Fire insurance 18, and other expenses 10. His commission was 6% on sales and del credere commission 1-1

Subject: Economics, asked on 10/6/17

1. Explain consumers equilibrium, in case of Single commodity, with the help of utility schedule.
   
The law of D.M.V can be used to explain consumers equilibrium in case of a single commodity. Therefore, all the assumptions of Law of D.M.U are taken as assumptions of consumer's equilibrium in case of single commodity.
A consumer purchasing a single commodity will be at equilibrium, when he is buying such a quantity of   that commodity which gives him maximum satisfaction. The number of units to be consumed of the given commodity by a consumer depends on 2 factors.

 1. Price of the given commodity.
 2. Expected utility from each successive unit.

To determine the equilibrium point, consumer compare the price of the given commodity with its utility. Being a rational consumer, he will be at equilibrium when marginal utility is equal to price paid for the  commodity.

 Consumer Equilibrium in case of Single Commodity.
 
Units of x Price (Px) Marginal Utility Marginal Utility in units Difference maximum
1 10 20 20 10
2 10 16 16 6
3 10 10 10 0
4 10 4 4 -6
5 10 0 0 -10
6 10 -6 -6 -16



 

Subject: Economics, asked on 27/2/19

What's the functional relationship between physical inputs and physical outputs of a commodity?

Subject: Economics, asked on 6/11/18

the price elasticity of supply of a commodity is 0.5 . the percentage change in quantity supplied is 4 % . what is the percentage change in price .(experts please give the answers with same numbers which is provided in question don’t change the numbers and don’t provide any link.)

Subject: Economics, asked on 25/9/14

what is the meaning of articles of social distinction , which are the exceptions to the law of supply?

Subject: Economics, asked on 17/3/20

Which of the folloiwng cost can never be zero? (1)
(a) Total variable cost (b) Marginal cost
(c) Average variable cost (d) Average Fixed cost

Subject: Economics, asked on 30/1/18

Plzzz answer quickly. Explain the short run production function with the help of schedule and diagram

Subject: Economics, asked on 14/6/13

what is production function??what are its characteristics?????

Subject: Economics, asked on 9/11/18

when the price of a commodity rises from rupees 10 to rupees 11 per unit , its quantity supplied by 100 units . its price elasticity of supply is 2 . calculate its quantity supplied at the increased price . (experts please give the answers with same numbers which is provided in question don’t change the numbers and don’t provide any link.)

Subject: Economics, asked on 6/11/13

explain conditions of producer's equilibrium with the help of a diagram

Subject: Economics, asked on 17/2/19

Explain how depreciation of currency promotes exports a country.

Subject: Economics, asked on 9/2/14

depreciation is implicit or explicit cost?give reason

Subject: Economics, asked on 1/9/13

What is meant by globalization in a bottle?

Subject: Economics, asked on 3/7/12

what is the behaviour of total variable cost as output increases?

Subject: Economics, asked on 18/1/14

calculate AFC AVC TFC TVC MC AC from :

Output- 0 1 2 3 4 5 6

TC - 150 300 420 600 790 1000 1260

Subject: Economics, asked on 29/7/13

Why there is difference between ATC and AVC with an increase in level of of output ? Can these two be equal at the same level of output ?

Subject: Economics, asked on 30/6/14

explain the nature of the shape of average revenue curve of a firm under perfect competition?

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