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When the price of good rise from Rs 10 per unit to Rs 12 per unit, its quantity demanded falls by 20 percent. Calculate its price elasticity of demand. How much would be the percentage change in its quantity demanded, if the price rises from Rs 10 per unit to Rs 13 per unit? - CBSE Economics class 12 20171 AnswerWhen price of a commodity X falls by 10 per cent. Its demand rises from 150 units to 180 units. Calculate is price elasticity of demand. How much should be the percentage fall in its price so that its demand rises from 150 to 210 units? 1 AnswerDemand for a good is termed inelastic through the expenditure approach when if (choose the correct alternative) - CBSE Economics class 12 20171 AnswerWhen the price of a commodity changes from Re 4 per unit to Re 5 per unit, its market supply rises from 100 units to 120 units. Calculate the price elasticity of supply. Is supply elastic ? Give reason. (ECONOMICS-CBSE-12-2018)1 AnswerA producer supplies 80 units of a good at a price of Rs 10 per unit. Price elasticity of supply is 4. How much will he supply at Rs 9 per unit? - CBSE Class 12 Economics 20161 AnswerAs we move along a downward sloping straight line demand curve from left to right, price elasticity of demand : (choose the correct alternative) - CBSE Economics class 12 20171 AnswerAny statement above demand for a good is considered complete only when the following is/are mentioned in it. ( choose the correct alternative) - CBSE Economics class 12 20171 AnswerAny statement above demand for a good is considered complete only when the following is/are mentioned in it. ( choose the correct alternative) - CBSE Economics class 12 20171 AnswerGood Y is a substitute of good X. The price of Y falls. Explain the chain of effects of this change in the market of X.1 AnswerGiven the price of a good, how will a consumer decide as to how much quantity to buy of that good ? Explain. (ECONOMICS-CBSE-12-2018)1 AnswerDistinguish between ‘increase in demand’ and increase in quantity demanded ‘of a good. - CBSE Economics class 12 20171 AnswerWhy does the demand for foreign currency fall and supply rises when its price rises? Explain. - CBSE Economics class 12 20171 AnswerOne unit of product P1 requires 3 kg of resource R1 and 1kg of resourceR2 . -gate-mechanical-20111 AnswerT he breakeven point of a manufacturing company is 50000 units. The fixed cost is Rs. 200000 and the variable cost per unit is Rs. 20. The selling price per unit (in Rs.) of the product at this breakeven point is ______0 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 AnswerUnderline the words where you get a zzzzz sound. (CBSE ENGLISH CLASS 5)1 AnswerThe annual demand of an item is 19845 units and the production rate is 100 units per day. The per-unit production cost (excluding setup cost) is Rs. 50, the per-unit holding cost is Rs. 10 per year and setup cost is Rs. 520 per setup. To minimize the total annual cost, the optimum quantity to be produced per setup is ______0 AnswerMarginal cost refers to: -CBSE Economics Class 101 AnswerGiven below is the cost schedule of a product produced by a firm. The market price per unit of the product at all levels of output is Rs12. Using marginal cost and marginal revenue approach, find out the level of equilibrium output. Give reasons for your answer:1 AnswerThe original price of a Television is Rs. 9600. The price is discounted by 20% and then raised by 10%. Its new price in rupees will be: (nift ug)1 Answer
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