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Assuming that no resource is equally efficient in production of all goods, name the curve which shows production potential of the economy. Explain, giving reasons, its properties. - CBSE Class 12 Economics 20161 AnswerDefine production function. Distinguish between short run and long run production functions. - CBSE Class 12 Economics 20161 AnswerWhy is India not able to perform to her full potential in iron and steel production? Explain any three reasons. - CBSE Geography1 AnswerState the meaning and properties of production possibilities frontier. 1 AnswerWhich of the following is not a feature of a Multi National Company? - CBSE Economics2 AnswerMarginal cost refers to: -CBSE Economics Class 101 AnswerPrice elasticity of demand of goods X is —2 and goods Y is —3. Which of the two goods is more price elastic and why? - CBSE Class 12 Economics 20161 Answer “One important feature of the US economy in the 1920’s was mass production.” Explain.-history-class 10-cbse1 AnswerIsha Machines was a renowned name for quality sewing machines since 1960. Mr. Suresh, the owner of Isha Machines, was worried as the production had declined during the last three months -Business studies cbse 2017 class 121 AnswerExplain with the help of an example, the basis of classifying goods into final goods and intermediate goods. - CBSE Economics class 12 20171 AnswerThe figure shows the schematic of a production process with machines A, B and C. An input job needs to be pre-processed either by A or by B before it is fed to C, from which the final finished product comes out. The probabilities of failure of1 AnswerWhich one of the following is NOT a decision taken during the aggregate production planning stage? -Mechanical Engineering-gate-20121 AnswerExplain the effect of change in prices of the related goods on demand for the given good. - CBSE Class 12 Economics 20161 AnswerWhat are the different ways of increasing production on the same piece of land? Use examples to explain. - CBSE Economics Class 9 NCERT Solutions1 AnswerExplain the conditions of consumer’s equilibrium using indifference curve analysis. - CBSE Class 12 Economics 20161 AnswerDeposits of mica in India is an example of CBSE-geography-class-81 AnswerExplain giving reasons the basics of such immunity in an individual. Name this kind of immunity. cbse-Biology-class-121 AnswerExplain the various steps involved in the production of artificial insulin. cbse-Biology-class-121 AnswerGive the meaning and characteristics of production possibility frontier - CBSE Economics class 12 20171 AnswerTwo models, P and Q, of a product earn profits of Rs. 100 and Rs. 80 per piece, respectively. Production times for P and Q are 5 hours and 3 hours, respectively, while the total production time available is 150 hours. For a total batch size of 40, to maximize profit, the number of units of P to be produced is ____________.1 Answer