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CBSE Class 11-commerce Answered

Production and Costs Production Theories and Concept of TP, AP and MP Doubts and Solutions
Asked by mmalathi339 | 12 Mar, 2019, 01:34: PM
answered-by-expert Expert Answer
Production refers to the process of converting or transforming inputs into outputs.
 
Total Product (TP) - refers to the the total quanity of goods produced by a firm during a given period with given number if inputs.
Marginal Product (MP) - refers to the addition to total product, when one more unit of variable factor is employed.
Average Product (AP) - refers to the output per unit of the variable input.
Answered by Christina | 12 Mar, 2019, 02:42: PM

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CBSE 11-commerce - Microeconomics
how to find TU  
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Prepare a PPC for rs.10000 for an FMCG company producing Two products biscuit and chips: the making cost is rs 10 and rs 20 respectively. Minimum 5 possibilities  must be shown in table and graph.
Asked by slhotchandani | 25 May, 2020, 02:41: PM
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What will be the impact of recently launched “Clean India Mission” (Swachh Bharat Mission) on production possibility curve of the economy and why?  
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Asked by reshmamangalagi44 | 29 Mar, 2020, 10:28: AM
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Asked by mugdhapandya2008 | 14 Mar, 2020, 09:36: PM
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CBSE 11-commerce - Microeconomics
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Asked by ramyasoniyaa | 24 Feb, 2020, 08:00: PM
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Asked by athul32130 | 23 Feb, 2020, 08:06: PM
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CBSE 11-commerce - Microeconomics
Suppose the value of demand and supply curve of a commodity X is given by the following two equation simultaneously:             Qd=200-10p            Qs=50+15p a)       Find the equilibrium price and equilibrium quantity of commodity X b)      Suppose that the price of a factor inputs used in producing the commodity has changed ,resulting in the new supply curve given by the equation                      Qs=100+15p        Analyse the new equilibrium price and new equilibrium quantity as against the original equilibrium price and equilibrium quantity
Asked by athul32130 | 21 Feb, 2020, 12:18: PM
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