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CBSE - XII Commerce - Microeconomics - The Theory of the Firm under Perfect Competition
When the market price of a good changes from Rs. 10 to Rs.20. As a result, the quantity supplied by a firm increases by 20 units. The price elasticity of a firm’s supply curve is 0.4. Find the initial and final output levels of the firm.
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25th April 2016,
2:40 PM
CBSE - XII Commerce - Microeconomics - The Theory of the Firm under Perfect Competition
When the market price of a good is Rs. 5, the producer supplies 10 units of a good. If the price increases to Rs. 6, the producer is willing to supply 14 units. Calculate the price elasticity of supply of good.
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25th April 2016,
2:40 PM
CBSE - XII Commerce - Microeconomics - The Theory of the Firm under Perfect Competition
What is the price elasticity of supply of good x is double the price elasticity of supply of good Y. 20 percent decline in the price of X results in 16 percent decline in its supply. If the supply of Y increases by 30 percent, calculate the percentage rise in price of Y.
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25th April 2016,
2:40 PM
CBSE - XII Commerce - Microeconomics - The Theory of the Firm under Perfect Competition
Explain the effect of technological advancement on the supply of a good with diagram.
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25th April 2016,
2:40 PM
CBSE - XII Commerce - Microeconomics - The Theory of the Firm under Perfect Competition
Explain the effect of increase in input prices on the supply of a good with diagram.
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25th April 2016,
2:40 PM
CBSE - XII Commerce - Microeconomics - The Theory of the Firm under Perfect Competition
What is the meaning of opportunity cost?
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25th April 2016,
2:40 PM
CBSE - XII Commerce - Microeconomics - The Theory of the Firm under Perfect Competition
What is the difference between decrease in supply and contraction in supply?
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25th April 2016,
2:40 PM
CBSE - XII Commerce - Microeconomics - The Theory of the Firm under Perfect Competition
What is the difference between increase in supply and extension in supply?
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25th April 2016,
2:40 PM
CBSE - XII Commerce - Microeconomics - The Theory of the Firm under Perfect Competition
Explain the geometric method to measure the elasticity of supply.
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25th April 2016,
2:40 PM
CBSE - XII Commerce - Microeconomics - The Theory of the Firm under Perfect Competition
Explain how technological progress influences the supply of a particular good.
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25th April 2016,
2:40 PM
CBSE - XII Commerce - Microeconomics - The Theory of the Firm under Perfect Competition
Why did the producer involved in the production process even when TR is equal to TC?
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25th April 2016,
2:40 PM
CBSE - XII Commerce - Microeconomics - The Theory of the Firm under Perfect Competition
Explain the break-even point with a diagram.
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25th April 2016,
2:40 PM
CBSE - XII Commerce - Microeconomics - The Theory of the Firm under Perfect Competition
What is shut down point?
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25th April 2016,
2:40 PM
CBSE - XII Commerce - Microeconomics - The Theory of the Firm under Perfect Competition
How much quantity of goods a profit maximising firm intends to produce corresponding to different price levels of a particular good in the short period?
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25th April 2016,
2:40 PM
CBSE - XII Commerce - Microeconomics - The Theory of the Firm under Perfect Competition
What is meant by supply curve?
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25th April 2016,
2:40 PM
