Explain the price elasticity of demand.State the behavior of marginal product in the law of variable proportions.How is producer’s equilibrium determined in case of perfect competition using MR and MC approach? From the following schedule, find out the level of output, at which the producer is in equilibrium.Do you agree with the statement? Justify. A good may be inferior for one consumer and normal for another.Use a suitable diagram in support of your answer. Analyse the impact of (i) an increase in consumer income and (ii) an increase in the number of consumers on market equilibrium.What happens, if resources do not have alternative uses? Explain the problem of ‘what to produce’.MarksĬlass 11 Economics Sample Paper Section B Determine the missing frequencies when mode = 36 and total frequency is 30.Ĭalculate Q 1 and Q 3 from the following data.Calculate the correlation coefficient between the height of fathers in inches (X) and their sons (Y).In the context of above statement explain the characteristics of good sample. “A good sample is generally based on correctness and continuity”.in crore) Sectorĭraw a histogram from the following data. Net Domestic Product by Industry of Origin (at 2004-05 prices) in 2013-15 (Rs. Present this data in terms on percentage bar diagram. Net domestic product by industry of origin (at 2004-05 prices) is given for the year: 2013-15.Present the following table in the form of more than series.Do you think average income is a good representation of their actual annual incomes? Their average income has been computed at Rs.40,00,000 per annum. ![]() Mr Ram has annual income of Rs,10,00,000 while Mr Raj has annual income of RS.70,00,000.
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