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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.
| 3251. |
What is the low of diminishing marginal utility |
| Answer» Thee law states that when consumer consume more and more quantity of one good then the each additional of marginal utility will be declining.<br>T<br>It states as more and more unit of good is consumed continously without any time gap then MU derived from it must decline.<br>It states that as more and more units of a commodity are consumed,marginal utility derived from every additional unit must decline. It happens in respect of all goods and services. | |
| 3252. |
The data collected from government publication is what kind of data? |
| Answer» Secondary data | |
| 3253. |
Cost revenue |
| Answer» | |
| 3254. |
What is monotonic reference |
| Answer» Firstly it is preference not referenceMonotonic preference is the basic assumption of indifference curve analysis. The state in which Consumerr thinks that consumption of more and more units of a commodity provides more and more satisfaction . That\'s why higher IC always provide higher level of satisfaction. This situation is called monotonic preference of a consumer. | |
| 3255. |
Hw to drawn an pie chart |
| Answer» Construct a circle of an appropritates size .Convert the value of various components into percentage value pf the total.Multiply eaxh percentage valie with 3.6to get size of angle.Measure the angles and draw on circle.Represent various components by different shades , designs, or colours for proper indentification. | |
| 3256. |
Strategic and minority sale |
| Answer» | |
| 3257. |
Rent amounting to Rs 660was received but was debited to rent accounts with Rs66 |
| Answer» Rent A/c dr. 594 To cash A/c. 594 | |
| 3258. |
What is meant by price florring and what are its implications |
| Answer» | |
| 3259. |
what is normal good |
| Answer» Those goods whose demand increases with the increase in income is known as normal goods | |
| 3260. |
The mean of 12 numbers is 24. If 5 is added in every number ,the new mean is |
| Answer» 29 because if you add, subtract, multiply and devide any number with the given mean the effect on the mean will equal to the given number<br>29 | |
| 3261. |
Write any two subject matter of microeconomics? |
| Answer» Allocation of resources and efficient distribution of goods . I think this is the answer if i am wrong and missing something then tell me | |
| 3262. |
Enumerate the limitations of statics is detail |
| Answer» 1)study of aggregate facts2)study of numerical terms only3) homogeneity of data is an essential term 4) results always proved on average5) wrong ond misleading results6) only can be used by experts7) prone to be misuse | |
| 3263. |
What is economics ?????What is meaning, scope and importance of stastics in ecomonics..... ??????? |
| Answer» Economics means management of house in simple terms. Economics made up of two greek words aikos and onimos . Aikos means house and onimos means management and the literal meaning of economics is management of house.Scope of statistics: 1) subject matter to statistics ( discriptive and inferential statistics) 2) limitations of statistics 3) nature of statistics ( what is statistics science or arts)Importance of statistics:1) inter temporal and sectoral comparison 2) formulation of policies 3) quantitative expression 4) economic equilibrium 5) construction of economic theory and models | |
| 3264. |
diagrammatically explain how to determined price under perfect competition |
| Answer» Price remain same under perfect competition and its diagram you can easily find in your micro\'s book | |
| 3265. |
explain the effect of a rise in the prices of related good on the demand for a good x |
| Answer» If related good\'s price rises then the demand of good x will increase as they are related goods | |
| 3266. |
What is make demand for goods ? Name factors of determining market |
| Answer» | |
| 3267. |
Explain about any three factors of increasing market demand |
| Answer» 1) income distribution 2) population size 3) number of buyers 4) taste and preference of market consumers | |
| 3268. |
Mean with solution |
| Answer» Sorry that is median mean is the average value of series<br>Anyway mean is the central value of a series which divide the series in two equal parts<br>Can you explain me your question | |
| 3269. |
Explain the law of variable proportion on the basis of behaviour of marginal product. Use diagram |
| Answer» In the case of marginal product the variable proportion will be changeable where as other products remain constant and additional input (mp) firstly increase then decrease and finally become zero or negative .<br>On the basis of mp lvP states that as we inc. quantity of only 1input keeping other inputs fixed & constant initially mp inc. then mp dec. Bt remain positive &finally mp becomes negative<br>Please show me answer | |
| 3270. |
How will you choose the wants to be satisfied? |
| Answer» MRS=price of good x / price of good Y | |
| 3271. |
diference between bar diagram and histogram any four point |
| Answer» | |
| 3272. |
May i have question paper of evening school of economics right now please |
| Answer» | |
| 3273. |
What is diffenrence between comsumer equilibrium in two commodity and IC aproach? |
| Answer» | |
| 3274. |
details on chapter demand |
| Answer» | |
| 3275. |
How to measure utility |
| Answer» By cardinal measurement when consumer express his statisfaction in number these numbers are called cardinal number. This is called cardinal measurement.e.g 1,2,3etc | |
| 3276. |
Should both Total product and Marginal product be declining in a situation of diminishing return? |
| Answer» I think yes because in both first is increasing rate than decrease and finally zero or negative | |
| 3277. |
Do you agree that, Total product must decreases in a situation of diminishing return? |
| Answer» Yes because law of variable proportiona states that | |
| 3278. |
What are the uses of mode |
| Answer» | |
| 3279. |
Not show micro book |
| Answer» What you wanna ask<br>What do you want to ask? | |
| 3280. |
What is the relation between tr and ar |
| Answer» TR =AR×Q and AR=TR/Q | |
| 3281. |
Defenation of 1 highly elastic 2 highly inelastic 3 perfectly elatic 4 perfectly inelastic |
| Answer» 1) When percentage change in quantity demanded is more than percentage change in price (3) When there is an infinite demand at a particular price and demand becomes zero at a slight rise in the price (4)When there is no change in demand with change in price<br>These definitions are given in book | |
| 3282. |
Define an average and describes its chief properties |
| Answer» | |
| 3283. |
what is simple bar diagram |
| Answer» Graphical representation of data in the forms of bars is called simple bar diagram | |
| 3284. |
What is personal brand |
| Answer» | |
| 3285. |
Difference between microeconomic and macroeconomic. |
| Answer» In microeconomisc we study economy at individual level ex-a conumer ,a producer In macroeconimics we study as whole<br>Individual level and macro is on whole | |
| 3286. |
Why law of demand is verified give example |
| Answer» | |
| 3287. |
what do you mean by ceteris paribus in law of demand explain |
| Answer» It means other factor remain constant except price of a commodity<br>all other things remaining constant.\'<br>Ceteris peribus means other factors or things like income or price remaining constant<br>Ceteris paribus means other factor | |
| 3288. |
Explain the law of variable proportion . Use diagram. |
| Answer» The law of variable proportions states that as the quantity of one factor is increased, keeping the other factors fixed, the marginal product of that factor will eventually decline.<br>Law of Variable proportion states that as more and more units of the variable factor is combined with the fixed factor marginal product may initially rise but eventually a situation must come marginal product declines. marginal product may ultimately become zero or negative<br>The law says that marginal product of factor input intially rise\'s with it employment level but after reaching a certain level of employment it starts falling. The reason behind it is that as one factor is constant and other are changed the factor proportion become more and more suitable for production and MP(marginal price) rise\'s but after an certian level of employment the production process over used for the fixed factor with the variable factor.Assume Option:-¡) One factor input is variable. ¡¡) All other factor are fixed.¡¡¡) It is short period production.iv) Factor proportion is variable.v) Unit of vaeiable factor are homogenous and equally efficience.vi) Teching of production does not changes.<br>Law of variable proportion states that the marginal product firstly increases then decreases and finally become zero or negative | |
| 3289. |
micro ka best notes kaha sa milenge |
| Answer» The bestest notes you can make yourself and there is no website and other thing that can better than your self made notes | |
| 3290. |
Relation between short run production function and long run production function |
| Answer» | |
| 3291. |
What is the difference between positive economics and normative economics ? |
| Answer» Positive economics deals with economic issues related to past , present and future . Normative economics deals with economic issues related to the opinions of economists. | |
| 3292. |
What is hickasen law? |
| Answer» Its Hicksian Law given by Prof Hicks regarding consumer equilibrium. Its another name for your indifference curve analysis or ordinal utility analysis .\xa0<br>Waite i send you answee tomorrow<br>It is write question<br>Check your ques... It is wrong | |
| 3293. |
How to prepare project orBest topic of syllabus but it is part of daily uses |
| Answer» | |
| 3294. |
What is normal profit and why TR=TC? |
| Answer» Normal profit is the minimum profit required to keep factors of production in their current use in the long run. Normal profit is when a business is making just enough profit to keep resources/firms in their current use.<br>Normal profit refers to that profit which is full of satisfaction to aa producer | |
| 3295. |
weight of 15 persons is as follows |
| Answer» Plz complete the question\xa0 | |
| 3296. |
What are the implications of price celling |
| Answer» | |
| 3297. |
U.A.E is developed, developing or developed. |
| Answer» Write answer is developing.<br>Developed<br>Developed | |
| 3298. |
What is monotonic preferences? |
| Answer» It refer to the agents preference is strongly said to be monotonic if given a consumption bundle the agents prefers the all consumption bundles that have more of at least one good and not less is any good | |
| 3299. |
why do we economic study? |
| Answer» Economics is the study of how societies use scarce resources to produce valuable commodities and distribute them among different people. Behind this definition are two key ideas in economics: that goods are scarce and that society must use its resources efficiently.<br>Economic us concerned with the study and solution of economic problems in a manner such that the individuals can maximize their gains and the society as whole is able to maximise its social welfare<br>tell me answer | |
| 3300. |
Why does average cost fall as output is increased ? |
| Answer» A typical average cost curce will gave a U-shape, because fixed costs are all incured before any production takes place and marginal cost are typically increased because of diminishing marginal productivity | |