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Calculate the price elasticity of demand for a commodity when its price increases by 25 % and quantity demanded falls from 150 units to 120 units.

Consider the following statements :

Which of the above statements is/are correct :

Explain the reasons for : (i) increasing returns to a factor and (ii) increasing returns to scale.

The Law of demand is violated when:

It is difficult to adjust to a fall from glory.

For a firm, TFC=Rs 25000. TVC = 750x, where x is the units of output produced. What must be the market price so that the firm breaks even at the output level of 1250 units?

The problems of over population that directly affect our everyday life.

The figure here shows four paths on a p-V diagrams along which as gas can be taken from state i to state f. Rank the paths according to -

the work W done by the gas.

The author is a humorist

a. How does the story reflect his sense of humour?

b. What makes his lady friend remark----'You are quite a humorist' ?

c. Give instances of the author's ability to laugh at himself.

Rural development aims at improving:

Name the major groups for whom the Consumer Price Index number are constructed in India.

Consider
the demand curve D(p)
= 10 − 3p.
What is the elasticity at price
?

Economic Cost = ___

All forms of unemployment reflect poverty, but all forms of poverty do not necessarily reflect unemployment. Which of the following is correct about the statement?

The following graph shows the percentage change in the revenue of a company, during a period of 15 years, i.e., from the year 2005 to the year 2019.





If in a period of five consecutive years between 2005 and 2019 the revenue of the company does not exceed 125 million in any of those 5 years, then what is the maximum possible revenue (in Rs. million) of the company in the year 2018?

1. 105

“You have passed through a fantastic experience: or more correctly, a catastrophic experience.”

“The king, sword
in hand” suggests

(i) wealth

(ii) power

(iii) more power than
wealth

Mark the appropriate
item in the context of stanza 1.

Explain the need and type of land reforms implemented in the agriculture sector.

The monthly per capita expenditure incurred by workers for an industrial centre during 1980 and 2005 on the following items are given below. The weights of these items are 75, 10, 5, 6 and 4 respectively. Prepare a weighted index number for cost of living for 2005 with 1980 as the base.

Which among the following information is not provided on the packet of packaged foods?

‘Higher indifference curve represents higher level of satisfaction to the consumer’. Explain the statement, also state the underlying assumption related to this property of indifference curve.

OR

A consumer consumes two goods X and Y. Explain what will happen if $M{U}_x/P_x$ is greater than $M{U}_y/P_y$

Suppose you want to emphasise the increase in the share of urban non-workers and lower level of urbanisation in India as shown in Example 4.2. How would you do it in the tabular form?

Education is considered an important input for the development of a nation. How?

If an individual firm under perfect competition cannot influence the market price, then who can and how?

A country's resources are fully and efficiently employed. The problem of scarcity exists. What advice will be given to raise the efficiency level of the human resource to fight scarcity ?

What causes a downward movement along a supply curve?

In case of imperfect competition (monopoly/monopolistic competition), determine producer's equilibrium using MR and MC approach.

Explain the different phases in the behaviour of total product in the law of variable proportions.

Q20. Consider the following statements about NAM scheme:

1. Under the NAM scheme, the Small Farmers’ Agribusiness Consortium will be the lead agency responsible for the development of the national agricultural market under the ministry of agriculture

2. Under the scheme, private markets will not be allowed access to the e-platform thereby enhancing its outreach.

Which of the above statements are correct?

What efforts should be made in an economy to prevent the continuous use of exhaustible natural resources in production?

Define Price Floor. What is the common purpose of fixation of floor price by the government? Explain any one likely consequence of this nature of intervention by the government.

OR

Define Price Ceiling. What is the common purpose for the price ceiling imposed by the government? Explain any one likely consequence of this nature of intervention by the government in the price determination process.

Shalini set up a lemonade stand, spending Rs 2000. On an average, the cost of lemonade is Rs 5/glass. How many glasses of lemonade should she sell at Rs 10/glass to break even?

At what point does the SMC curve cut the SAC curve? Give reason.

Negation of the statement 'If we control population, we prosper' is

State whether true or false, and explain.

"If total product is increasing, marginal product must also be increasing."

An isoquant that is

The uptake and utilization of inorganic nutrients by the plants is termed