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InterviewSolution
This section includes InterviewSolutions, each offering curated multiple-choice questions to sharpen your Class 11 knowledge and support exam preparation. Choose a topic below to get started.
| 1301. |
Write formula for calculations of marginal utility |
| Answer» MU= change in total utility/change in number of units = ∆TU/∆Q | |
| 1302. |
Highlights the feature of Indias pre-independence occupational structure |
| Answer» | |
| 1303. |
Me and problems ..... We are best couples in the world? |
| Answer» Me 2 Yar?<br>?no it\'s not a question<br>wow really good Dhruv<br>So what ? Is it a question ? | |
| 1304. |
Effect of change in demand on the equilibrium price when supply is constant |
| Answer» | |
| 1305. |
Why is ordinal utility of analysis said to be better than cardinal utility analysis? |
| Answer» | |
| 1306. |
Explain the Exclusive and inclusive series used in classification of data |
| Answer» There are two methods of classifying the data according to class – intervals, namely exclusive method and Inclusive method.1. Exclusive method: This method is useful whether the value is complete number or in decimals. In case of exclusive series, value of the upper limit of a class is included in the lower limit of the next class interval. Value of the upper limit of the class is included in that very class interval.2. Inclusive series : In inclusive series value of the upper limit of a class is included in that very class interval. Inclusive series is useful when value is an incomplete number. | |
| 1307. |
Discuss(a) perfectly inelastic demand(b) perfectly elastic demand |
| Answer» (a) when demand remain constant and does not change with change in price.(b) when there is infinite demand at a particular price and demand becomes 0 with a slight rise in price | |
| 1308. |
What is trust??? |
| Answer» What is economic<br>Everything fake<br> | |
| 1309. |
Calculate arithmetic mean of following series take 15 as assumed average and use Short cut method |
| Answer» | |
| 1310. |
Anyone have T. R. JAIN & V. K. OHRI\'s both economics book |
| Answer» I have both<br>Yes. Both are good.<br>Yup✌ I\'ve both...<br>Yes<br>Micro and Statistics | |
| 1311. |
What is supply?? |
| Answer» Yo produce good and sell in the market is commonly called supply.<br>Supply is the quantity of goods a firm offers to sell in the market at a given price. Now the theory of supply states that with an increase in price the number of goods a firm wishes to supply will also increase | |
| 1312. |
Indifference curve analysis is different from utility analysis because IC analysis is different from |
| Answer» | |
| 1313. |
Chapter 5 theory of demand notes |
| Answer» Copy paste this link in Google<br>https://www.slideshare.net/deepakgautam0071/theory-of-demand-28578292<br>Plz give me answer | |
| 1314. |
Consumers equilibrium |
| Answer» Consumer equilibrium\xa0refers to a situation, in which a\xa0consumer\xa0derives maximum satisfaction, with no intention to change it and subject to given prices and his given income.\xa0A rational\xa0consumer\xa0will purchase a commodity up to the point where price of the commodity is equal to the marginal utility obtained from the thing.\xa0If this condition is not fulfilled the\xa0consumer\xa0will either purchase more or less. | |
| 1315. |
What is discrete variable? |
| Answer» Discrete VariableA discrete variable can take only certain values.Its value changes only by finite ‘jumps’. It jumps from one values to another but does not take any intermediate value between them.For example, in number of students in class Xlth could be 1,2,4,10,11,15,20, etc. | |
| 1316. |
From the following figure find the median |
| Answer» thanks aadu?❤️<br>?<br>NO FIGURE=NO MEDIAN.....GOT IT!?<br>Figure kha pa ha | |
| 1317. |
How to study whole chapter |
| Answer» By you tube videos<br>by* yourself<br>Study yourself or Study from YouTube or other sources....Make proper notes of that chapter...Along with notes write & learn NCERT questions + Important questions.... *Don\'t do Rattafication!* Try to understand each and every concept clearly and if u face any doubt/problem just clear it from ur subject teacher or Google it? | |
| 1318. |
Hello ??\u200d♂️??\u200d♂️ |
| Answer» Aur sab log thik h ?<br>Hey<br>Hiiiiii | |
| 1319. |
Can AC be U shaped give reason for your answers |
| Answer» | |
| 1320. |
What you mean by economy |
| Answer» Economy is a system by which people of an area earn thier living.<br>What is a questionnaire<br>Economics is\xa0a science that studies human behavior which aims at allocation of scarce resources in such a way that consumer can maximise their satisfaction, producers can maximise their profits and society can maximise its social welfare. ... Scarcity means shortage of goods and resources in relation to their demand | |
| 1321. |
Different between data which are not statistics and data which are statistics |
| Answer» What you mean<br>Bkawas | |
| 1322. |
the sum of deviation of the item from the arithematic mean is always zero |
| Answer» The sum of the deviations of a given set of observations from their arithmetic mean is always zero. It is due to the property that the arithmetic mean is characterised as the centre of gravity. i.e. sum of positive deviation from the mean is equal to the sum of negative deviations.For example:3,4,6,8,14x = 3+4+6+8+14 /5\u200b =7∑(x i − x )=−8+8=0Hence, the sum of the deviations about mean is 0. | |
| 1323. |
Calculate A.M by using direct method. 120,100,150,90,170 |
| Answer» Mean equal to 126 | |
| 1324. |
Explain the law of DMUwith the help of diagrams |
| Answer» \xa0‘Other things remaining the same, when a person takes successive units of a commodity, the marginal utility diminishes constantly.’\xa0The marginal utility of a commodity diminishes at the consumer gets larger quantities of it. Marginal utility is the change in the total utility resulting from one unit change in the consumption of a commodity per unit of time. Assumptions :Followings are the some assumptions of the law of diminishing marginal utility :\xa0(i) It is assumed that utility can be measured and a consumer can express his satisfaction in quantitative terms such as 1, 2, 3... etc.\xa0(ii) Consumption of reasonable quantity.\xa0(iii) Continuous consumption.\xa0(iv) Monetary measurement of utility.\xa0(v) No change in quantity.\xa0(vi) Rational consumer.\xa0(vii) MU of money remains constant.\xa0(viii)Independent utilities.\xa0(ix) Fixed income price.This law can be explained with the help of the above schedule and diagram:\xa0<section></section> | |
| 1325. |
Explain relationship between tu and mu with the help of schedule and graph |
| Answer» \t1.\xa0TU increases with an increase in consumption of a commodity as long as MU is positive. In this phase, TU increases but a diminishing rate as MU from each successive unit tends to diminish.\t2.\xa0When TU reaches its maximum, MU becomes zero. TU stops rising at this stage. This point is known as\xa0a point\xa0of satiety.\t3.\xa0When consumption is increased beyond the point of satiety, TU starts falling as MU becomes negative. | |
| 1326. |
What is meant by utility |
| Answer» Satisfaction derieved from the consumption of commodity<br>Utility Definition – It is a measure of satisfaction an individual gets from the consumption of the commodities. In other words, it is a measurement of usefulness that a consumer obtains from any good.\xa0A utility is a measure of how much one enjoys a movie, favourite food, or other goods. It varies with the amount of desire. | |
| 1327. |
How are you and what is your name can you please give me your number |
| Answer» Why | |
| 1328. |
Hhhhlllllloooooo |
| Answer» NAMASTE ?<br>Hii<br>Hi<br>Hello | |
| 1329. |
Can anyone plz tell me what is quantity demanded...?? |
| Answer» Ask.....<br>Hlo<br>Ho<br>Hlo muja aph sa kuch question ka answer puch na tha<br>Hlo | |
| 1330. |
Expand NSSO |
| Answer» The NSSO was established by the Govt. of India to conduct nation wide survey on socio-economic issues like employment, literacy, maternity, child care, utilisation of public distribution system etc.The data-collected by NSSO survey are released through reports and its quarterly journal ‘’Sarvekshana’’.Eg. Size, growth rate, distribution of population, density, population, projections, *** composition and literacy.These data are used by govt. of India for planning purpose. | |
| 1331. |
What is raw data |
| Answer» Raw data where the data is originally collected<br>A mass of\xa0data\xa0in its original form is called\xa0raw data. It is an unorganized mass of various items. A characteristic which is capable of being measured and changes its value overtime is called a variable. | |
| 1332. |
If a good can be used for many purposes, the demand for it will be elastic. Why? ☺ |
| Answer» If a good can be used for many purposes, the demand for it will be more elastic because with a decrease in its price, it can be put to several uses and with a rise in its price, it is withdrawn from its many existing uses.So that, there is a considerable change in demand in response to some changes in price, e.g. milk. | |
| 1333. |
When does allocation of resources inefficient |
| Answer» The allocation of resources is considered as inefficient if the combination of the goods produced lies inside the PPC\xa0curve. An\xa0Any point lying under the curve , like F, depicts\xa0inefficiency\xa0or underutilisation of available\xa0resources\xa0. | |
| 1334. |
Chapter 1 introduction question |
| Answer» | |
| 1335. |
Problem of choice is the basis of |
| Answer» Economic problems... | |
| 1336. |
Pls tell me ?? |
| Answer» Are uh doing tp....? | |
| 1337. |
Explain the relation between TC,TVC,TFC and TC,MC and MC,AC with diagram |
| Answer» TVC, TC, and TFC curves in a single diagram.(i) TC is divided into two parts TFC and TVC such that TC = TFC + TVC.(ii) TFC is the overhead cost and it remains constant or fixed whatever be the level of output. TFC curve is a horizontal line parallel to the x-axis.(iii) TVC is cost due to increased use of variable factors like raw material, labour, etc. TVC is inverse S-shaped starting from the origin due to law of variable proportion.(iv) TC is aggregate of TFC and TVC. TC curve is inverse S-shaped starting from the level of fixed cost. The reason behind it shape is the law of variable proportion. | |
| 1338. |
Why the difference between AC and AVC reduced explain |
| Answer» As we increase the level of output, the difference between ATC and AVC decreases because ATC = AFC + AVC and Total Fixed Cost remain constant at all levels of output, but with rise in level of output, AFC decreases. That\'s why the difference between ATC and AVC decreases with rise in level of output.The difference between the average total cost (ATC or AC) and the average variable cost (AVC) lies due to the average fixed cost incurred by the firm. Thus, ATC and AVC can never be equal at any level of output | |
| 1339. |
What are the shapes of AC,AVC,AFC, curves and why |
| Answer» | |
| 1340. |
Koi hai Jo mujhe jaanta ho???✌️✌️ |
| Answer» Kaise ho dono?<br>Nahi?? | |
| 1341. |
Explain the different way to reduce the deficit in the government budget |
| Answer» The obvious way to reduce a budget deficit is to increase tax rates and cut government spending. However, the difficulty is that this fiscal tightening can cause lower economic growth – which in turn can cause a higher cyclical deficit (government get less tax revenue in a recession). The best way to reduce fiscal deficits depends on the situation a country is in. | |
| 1342. |
Explain the qualities of good questionnaire |
| Answer» \xa01.\xa0Limited number of questions:The number of questions should be limited as far as possible. Normally fifteen to twenty questions are sufficient enough for making the required enquiry.2.\xa0Simplicity:The language of the questions should be simple and easily understandable. It should be clear and not vague. It should not convey two meanings.3.\xa0Logically arranged:The questions should be arranged logically. Ther should be a proper sequence of the questions.4.\xa0Related to the points:Questions should be related to the point. They should not be irrelevant.5.\xa0Avoiding personal questions:Personal questions should be avoided as far as possible. For example, questions about income, volume of sales etc. should not be asked. | |
| 1343. |
Hi friend |
| Answer» Hii<br>hlo✌ | |
| 1344. |
Explain the behaviour of consumer in following situationsA) MUx>PxB) MUx < MUy /Px Py |
| Answer» | |
| 1345. |
What do u mean by component bar diagram |
| Answer» A sub-divided or component bar chart is used to represent data in which the total magnitude is divided into different or components. In this diagram, first we make simple bars for each class taking the total magnitude in that class and then divide these simple bars into parts in the ratio of various components. | |
| 1346. |
Why is perfectly inelastic demand curve parallel to y axis? |
| Answer» Perfectly inelastic demand\xa0implies that there is no change in quantity demanded with a change in the prices of that good. This is shown on a graph by a straight line parallel to \'Y\' axis.\xa0In case of perfectly inelastic demand the curve is a vertical straight line parallel to \'OY\' axis. This is because the change in price of the product or service has no impact on the quantity demanded as the elasticity is equal to zero.\xa0\xa0\xa0\xa0\xa0\xa0 | |
| 1347. |
Is there any change in question pattern of class 11th or it is same as previously . |
| Answer» | |
| 1348. |
Difference between extension in supply and decrease in supply.... Plz ans the question |
| Answer» \tExtension of SupplyContraction of Supply(a) When the supply of a commodity rises only due to increase in the price of the commodity, then it is said to be extension in supply.(a) When supply of a commodity falls only due to fall in the price of that commodity it is said to be contraction of supply.(b) Extension in supply is shown by an upward movement to right on the same supply curve.(b) Contraction is shown by the downward movement to left on the same supply curve.\t | |
| 1349. |
Demand curve in upward sloping for |
| Answer» It means griffen goods Indicating positive relationship between price and demand<br>Answer : Demand curve in upward sloping for Giffen goodsExplanation:Slope of the demand curve for Giffen goods is upward sloping, indicating a positive relationship between price and quantity demanded of a commodity. | |
| 1350. |
What is sample and how is it different from census survey? |
| Answer» \xa0\tSr.No.Census Method (survey)Sr.No.Sample Method(1)In census survey, information is collected from each and every unit of the population.(1)In sample survey, information is collected from a few selected unit of the population.(2)It is very expensive and time-consuming.(2)It is less expensive and less time-consuming.(3)It is suitable where the field of investigation is small.(3)It is suitable where the field of investigation is large.(4)It is more accurate and reliable.(4)It is less accurate and less reliable.(5)It rules out the possibility of any personal biases.(5)It holds the chance of personal biases in the selection of samples.\t<br>What is economic | |