InterviewSolution
Saved Bookmarks
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.
| 3301. |
What is fixed frequency |
| Answer» When the quantity of any thing remains constant for every time | |
| 3302. |
Differnce b/w change in suppy and change in quantity supplied (6 points) |
| Answer» The counterpart of “supply” is “demand” while the corresponding term for “quantity supplied” is “quantity demand.”4.A change or shift in the supply curve affects all components while changes in the quantity supplied have a minimal effect.5.A quantity supplied (with its corresponding price) is a component of a supply curve. A number or collection of the quantity supplied can construct a supply curve.6.A change in the supply is characterized as a “shift,” while a change in the quantity supplied is marked by an upward line or movement from the previous quantity supplied with its matching price to another quantity supplied and its corresponding price.<br>.“Supply” is a general and fundamental aspect in the study of economics while “quantity supplied” is only a component of the supply. “Supply” is one of the terms used to illustrate the entire relationship between the price and the quantity. In contrast, “quantity supplied” is a specific term for a specific amount of quantity and a specific market price.2.The supply is the whole relationship of the quantity and price while the quantity supplied and its matching price is only a part of the supply relationship. “Supply” includes all the possible market prices and the amount of quantity while “quantity supplied” only deals with one specific market price and amount of quantity. | |
| 3303. |
Why Does MC curve "U" shape? |
| Answer» Due to law of variable proportion<br>Due to the Law of variable proportion\xa0 | |
| 3304. |
Standard deviation ka question solve kar dekh do |
| Answer» Konsa | |
| 3305. |
Consumer equibrium with the help of Ic approach |
| Answer» | |
| 3306. |
Factors affecting supply |
| Answer» Some of the factors that influence the supply of a product are described as follows:i. Price:Refers to the main factor that influences the supply of a product to a greater extent. Unlike demand, there is a direct relationship between the price of a product and its supply. If the price of a product increases, then the supply of the product also increases and vice versa. Change in supply with respect to the change in price is termed as the variation in supply of a product.Speculation about future price can also affect the supply of a product. If the price of a product is about to rise in future, the supply of the product would decrease in the present market because of the profit expected by a seller in future. However, the fall in the price of a product in future would increase the supply of product in the present market.ii. Cost of Production:Implies that the supply of a product would decrease with increase in the cost of production and vice versa. The supply of a product and cost of production are inversely related to each other. For example, a seller would supply less quantity of a product in the market, when the cost of production exceeds the market price of the product.In such a case the seller would wait for the rise in price in future. The cost of production rises due to several factors, such as loss of fertility of land, high wage rates of labor, and increase in the prices of raw material, transport cost, and tax rate.iii. Natural Conditions:Implies that climatic conditions directly affect the supply of certain products. For example, the supply of agricultural products increases when monsoon comes on time. However, the supply of these products decreases at the time of drought. Some of the crops are climate specific and their growth purely depends on climatic conditions. For example Kharif crops are well grown at the time of summer, while Rabi crops are produce well in winter season.iv. Technology:Refers to one of the important determinant of supply. A better and advanced technology increases the production of a product, which results in the increase in the supply of the product. For example, the production of fertilizers and good quality seeds increases the production of crops. This further increase the supply of food grains in the market.v. Transport Conditions:Refer to the fact that better transport facilities increase the supply of products. Transport is always a constraint to the supply of products, as the products are not available on time due to poor transport facilities. Therefore even if the price of a product increases, the supply would not increase.<br>In India sellers usually use road transport and the poorly maintained road makes it difficult to reach the destination on time the products that are manufactured in one part of the city need to be spread in the whole country through road transport This may result in the damage of most of the products during the journey, which can cause heavy loss for a seller. In addition the seller can also lose his/her customers because of the delay in. the delivery of products.vi. Factor Prices and their Availability:Act as one of the major determinant of supply. The inputs, such as raw material man, equipment, and machines, required at the time of production are termed as factors. If the factors are available in sufficient quantity and at lower price, then there would be increase in production.This would increase the supply of a product in the market. For example, availability of cheap labor and raw material nearby the manufacturing plant of an organization would help in reducing the labor and transportation costs. Consequently, the production and supply of the product would increase.vii. Government’s Policies:Implies that the different policies of government, such as fiscal policy and industrial policy, has a greater impact on the supply of a product. For example, increase in tax on excise duties would decrease the supply of a product. On the other hand, if the tax rate is low, then the supply of a product would increase.viii. Prices of Related Goods:Refer to fact that the prices of substitutes and complementary goods also affect the supply of a product. For example, if the price of wheat increases, then farmers would tend to grow more wheat than nee. This would decrease the supply of rice in the market. | |
| 3307. |
What are the important questions are there in the chapter of cost in economics |
| Answer» | |
| 3308. |
What is explicit cost |
| Answer» It can be define as cost which make for outside by firm for hiring factor input and non factor inputs.Like raw material.Worker wages.etc. | |
| 3309. |
State any three causes of a rightward shift of supply curve |
| Answer» *Improvements in technology. ...*Government Policy. ...*Size of the market. . | |
| 3310. |
what is tr and tc approach |
| Answer» Yes<br>This is not in our syllabus but if you want to know and you are doing further studies so you can find your answer at google or other websites | |
| 3311. |
Unsolved questions of measure of dispersion |
| Answer» Find in your own book | |
| 3312. |
can a monopoly firm face loss? |
| Answer» Yes but in long run. see monopoly is a price maker not taker so if it increases price, demand of that product decrease. And the other thing is if it starts selling it\'s product at cost it start gaining loss and this will be lead to shut down.<br>Yea a monopoly firm can also face loss because monopoly firm is price maker and is only a single seller in the market but if monopoly firm will increase his product price then demand for that product will reduce and monopoly firm will face a loss | |
| 3313. |
What are central problem of economics |
| Answer» Central Problems that are faced by every economy:1. What to produce?2. How to produce?3. For whom to produce?<br>What to produce,how to produce and for whom to produce | |
| 3314. |
Project on changes price of vegetables by primary data |
| Answer» | |
| 3315. |
What is consumer equilibrium? |
| Answer» Consumer’s Equilibrium : -consumer equilibrium is a state of balance (rest) for the consumer from where he doesn’t want to move either forward or backward. This is achieved when consumer gets maximum satisfaction with given income and he doesn’t want to change his way of existing expenditure.<br>Consumer Equilibrium refers to the situation when a consumer is having maximum satisfaction with limited income and has no tendency to change his way of existing expenditure. | |
| 3316. |
Is rent for a SHED a variable cost or a fixed cost? |
| Answer» Fixed cost in short run. | |
| 3317. |
When a price of commodity fall from ₹ 10 to ₹9 per unit it quantity fall 30% calculate pes |
| Answer» As the change in quantity demanded is given 30% we should find change in price ... That is 9-10/10×100= -10% Now, ped = -%change in qd/%change in price= -30/-10 = 3 | |
| 3318. |
Define Variable proportion. |
| Answer» Law says that MP initially rises with its employment level but after reaching certain level of employment it starts falling | |
| 3319. |
Koiiii hai .. .????? |
| Answer» | |
| 3320. |
A point outside the ppc indicates |
| Answer» A point outside the ppc are unattainable point | |
| 3321. |
What is brand loyalty |
| Answer» Brand loyalty\xa0occurs when a customer chooses to repeatedly purchase a product produced by the same company instead of a substitute product produced by a competitor. For example, some people will always buy Coke at the grocery store, while other people will always purchase Pepsi.Brand loyalty is often based upon perception. A consumer will consistently purchase the same product because she perceives it as being the superior product among the choices available. You should note that brand loyalty usually relates to a product, not a company. For example, while you may be loyal to your Honda Accord, but when it comes to motorcycles, you might believe that a Harley leaves a Honda motorcycle in the dust. | |
| 3322. |
How can we explain correlation in simple words |
| Answer» Correlation indicates the relationship between two variable of a series so that change in value of is related with change in other variable. | |
| 3323. |
What is collusive & noncollusive? And differentiate them. Atleast 10. |
| Answer» Collusive oligopoly is a form of market in which few firms form a mutual agreement to avoid competition.\xa0They form a cartel and fix the output quotas and the market price. Leading firm in the market is accepted by the cartel as a price leader. All the firms in the cartel accept the price as fixed by the price leader.Non-collusive oligopoly is a form of market in which few firms. Each firm has its price and output policy is independent of the rival firms in the market. The entire firms enable to increase its market share through competition in the market. | |
| 3324. |
What is A Central Problem? |
| Answer» Central problems are those problems which are common to our faces by every economy in the and mainly relates to 1)what to produce?2)whome to produce?3)How to produce? | |
| 3325. |
What Is An Economic Problem? |
| Answer» A theory that scarcity exists in the sense that only finite and insufficient resources are available to satisfy the needs and desires of all human beings. The fundamental economic problem then faced by human society and business operators is how to allocate scarce resources to the provision of various goods and services within the economy. | |
| 3326. |
Where is micronomics nahi h iss app pe |
| Answer» Economics m click kroo .... Usme introduction to microeconomics h aur baki chapters bhi h | |
| 3327. |
Hyyyyyyy???? |
| Answer» ???<br>what is your question | |
| 3328. |
How many chapters are coming in jaipuriya vidyalya PT3 |
| Answer» | |
| 3329. |
Discuss any six common goals of development plans in India |
| Answer» | |
| 3330. |
What is the way to learn economics |
| Answer» Babe v economics toh har gye a<br>Baba k mantar rat le ???? | |
| 3331. |
Can anyone tell me what is the weightage of each chapter of microeconomics? |
| Answer» What\'s wrong with you?<br>If you are a gorl i love you | |
| 3332. |
Price elasticity of demand |
| Answer» It is the measurement of quantity demanded and price of that particular commodity | |
| 3333. |
Project on consumer awerness |
| Answer» Borrow 12th\'s business studies book it\'s last chapter will really help you | |
| 3334. |
Effect of change in supply on equilibrium price and quantity |
| Answer» When supply.is rotate right hand side means increase so the equilibrium price is Less and the equilibrium quantity is more and when supply is rotate left hand side means decrease the equilibrium price is more and quantity is less | |
| 3335. |
What is meant by revenue in economics |
| Answer» Revenue It refers to money receipts of the producer from the sale of his output,Total Revenue (TR) It is the total money receipts of a producer on account of the sale of his total output. It can be calculated by multiplying the units of the sales with the price.Average Revenue (AR) It refers to revenue received per unit of output sold, It is the same as price of the commodity.Marginal Revenue (MR) It is the change in Total Revenue on account of the sales of an additional unit of output. | |
| 3336. |
What do you mean by cost |
| Answer» An amount that has to be paid or given up in order to get something.In business, cost is usually a monetary valuation of (1) effort, (2) material, (3) resources, (4) time and utilities consumed, (5) risks incurred, and (6) opportunity forgone in production and delivery of a good or service. All expenses are costs, but not all costs (such as those incurred in acquisition of an income-generating asset) are expenses. | |
| 3337. |
Who was the first inspector general of forest in india |
| Answer» Dietrich Brandis, a German expert, was appointed the first Inspector-General of Forests in India.His ideas and achievements for the management of forests are stated in the points below(i) He formulated new forest legislation and helped establish research and training institutions. The Imperial Forest Research Institute at Dehradun was founded by him in 1906.(ii) He set up the Indian Forest Service (IFS) in 1864 and helped to formulate the Indian Forest Act of 1865.(iii) He took an interest in the forest flora of North-West and Central India and Indian trees.(iv) He was among the earliest expert in India to formally link forest protection with local people. | |
| 3338. |
Cost |
| Answer» Cost refers to the expenditure incurred by the produce on the factors as well as non factor inputs to a given level of output. | |
| 3339. |
Qualities of good questioaaire |
| Answer» | |
| 3340. |
What is MR. |
| Answer» Hii khushboo<br>Mr is mentally retarded<br>Marginal revenue means additional money receipts from the sales of additional unit of goods... | |
| 3341. |
What is Ceteris paribus ❓❓❓❓❓❓ |
| Answer» Definition:\xa0This commonly-used phrase stands for \'all other things being unchanged or constant\'. It is used in economics to rule out the possibility of \'other\' factors changing, i.e. the specific causal relation between two variables is focused. | |
| 3342. |
Why the varible factors canges and fixed factor cannot changes |
| Answer» Variable factors are dependent on human behaviour that keeps on changing. However,the fixed factors ard those factors that can\'t be changed with changing human behaviour. Hence, such factors fail to affect marketing of any product. | |
| 3343. |
Ac curve must eventually rise during the short period. Do u agree? |
| Answer» Short period ka to pata nahi par kya aap period ma ho kabho land mu mai liya hai | |
| 3344. |
meaning of demand |
| Answer» Demand may may be defined as desire of person to buy a product with sufficient purchasing power and willingness to pay<br>In economics demand refers to the quantity of a commodity that a consumer is willing and able to buy at a particular price during a given period of time<br>Demand is an economic term that refers to the amount of products or services that consumers wish to purchase at any given price level. The mere desire of a consumer for a product is not demand. Demand includes the purchasing power of the consumer to acquire a given product at a given period. In other words, it’s the amount of products or services that consumers are willing and able to purchase | |
| 3345. |
The two conditions arises when price persests with diagram and explanation |
| Answer» | |
| 3346. |
What are the trading topics for economic project ?? |
| Answer» You mean trending? Right: | |
| 3347. |
Conclusion of cosumer equbriulm |
| Answer» | |
| 3348. |
Conclusion for consumer equlibrium |
| Answer» | |
| 3349. |
Economics project according cbse for clss11 |
| Answer» | |
| 3350. |
shut down point in microeconomics |
| Answer» Shutdown point:\xa0Shutdown point is a point where a firm is indifferent between whether to produce or shutdown. In other words, it is a situation when a firm is able to cover its variable costs only.The condition of shutdown point is:Price = Minimum of SAVC (Short run average variable cost)Multiply by outputPrice x output = SAVC x outputTR = TVC | |