give me 5 numerical questions of moc,mrs and elasticity with solutions
Dear student,
The questions and numerical on Marginal Opportunity Cost, Marginal Rate of Substitution and Elasticity of demand and supply have been exclusively covered in our study material, chapter tests and sample papers.
For example, you can find the questions on elasticity by following the below mentioned paths:
Study Material > Theory of Consumer Behaviour > Elasticity of Demand
Test > Chapter Tests > Theory of Consumer Behaviour > Written Tests
You can also find the concept of MOC and MRS by following below mentioned paths respectively:
Study Material > Introduction > Central Problems of an Economy and Production Possibility Curve > Opportunity Cost
Study Material > Theory of Consumer Behaviour > Ordinal Approach: Indifference Curve and MRS
Note: In papers, numerical questions are generally asked from elasticity concept. Whereas comparatively more theoretical questions are asked based on MOC and MRS concept.
The questions and numerical on Marginal Opportunity Cost, Marginal Rate of Substitution and Elasticity of demand and supply have been exclusively covered in our study material, chapter tests and sample papers.
For example, you can find the questions on elasticity by following the below mentioned paths:
Study Material > Theory of Consumer Behaviour > Elasticity of Demand
Test > Chapter Tests > Theory of Consumer Behaviour > Written Tests
You can also find the concept of MOC and MRS by following below mentioned paths respectively:
Study Material > Introduction > Central Problems of an Economy and Production Possibility Curve > Opportunity Cost
Study Material > Theory of Consumer Behaviour > Ordinal Approach: Indifference Curve and MRS
Note: In papers, numerical questions are generally asked from elasticity concept. Whereas comparatively more theoretical questions are asked based on MOC and MRS concept.