Read and download free pdf of CBSE Class 12 Economics Producers Behaviour And Supply To Economics Worksheet. Students and teachers of Class 12 Economics can get free printable Worksheets for Class 12 Economics Producers Behaviour And Supply Economics in PDF format prepared as per the latest syllabus and examination pattern in your schools. Class 12 students should practice questions and answers given here for Economics in Class 12 which will help them to improve your knowledge of all important chapters and its topics. Students should also download free pdf of Class 12 Economics Worksheets prepared by school teachers as per the latest NCERT, CBSE, KVS books and syllabus issued this academic year and solve important problems with solutions on daily basis to get more score in school exams and tests
Worksheet for Class 12 Economics Producers Behaviour And Supply Economics
Class 12 Economics students should refer to the following printable worksheet in Pdf for Producers Behaviour And Supply Economics in Class 12. This test paper with questions and answers for Class 12 will be very useful for exams and help you to score good marks
Class 12 Economics Worksheet for Producers Behaviour And Supply Economics
Question. Which cost curve is parallel to ox-axis? Why?
Answer. Total fixed cost because TFC remain constant at all level of output.
Answer. Diminishing return to a factor
Answer. Marginal product is net addition to total product when one additional unit of variable factor is used.
Answer. AP is a per unit output of a variable factor.
Answer. MP falls but it falls at faster rate than AP
Answer. Those monetary payments by producer on factor and non factor payments is called explicit cost. Which are not owned by himself.
Question. How does fall in total product affects marginal product?
Answer. When total product falls, marginal product becomes negative.
Question. What do you mean by cost?
Answer. Cost is the sum of explicit and implicit cost.
Question. What do you mean by implicit costs?
Answer. Implicit cost is the cost of self owned resources of producer.
Answer. These factors of production which cannot be varied in short period e.g. machine, land.
Question. By which behaviour of marginal product will total product be maximum
Answer. When marginal product of a factor is zero, then total product will be maximum.
Question. Define marginal cost.
Answer. Marginal cost is the net addition to total cost when one additional unit of output is produced.
Question. At what rate average and marginal revenue falls, with fall in per unit price of a good?
Answer. Marginal revenue falls twice the rate of average revenue.
Answer. It is because average fixed cost goes on falling with increase in output.
Question. Define Revenue.
Answer. Revenue is the amount received from sale of output.
Question. What will be the behaviour of Average revenue when total revenue increases at constant rate?
Answer. Average revenue remains constant.
Question. When does the elasticity of supply of commodity called equal to unity?
Answer. When percentage change in price is equal to percentage change in supply.
Question. When does the producer increase the supply of a good at given price, give two reasons.
Answer. Due to change in other factor like improvement in technology, decrease in price of inputs.
Question. What causes an extension in supply?
Answer. Increase in price of a commodity.
Question. What happens to TP when MP is zero?
Answer. TP is maximum.
Question. What happens to MPP when TPP increases at decreasing rate?
Answer. MPP falls but remains positive.
Question. As the variable input is increased by one unit, total output falls. What would you say about of marginal productivity labour?
Answer. Marginal productivity of labour is negative.
Question. Why MC curve is in short run U-shaped?
Answer. MC Curve in short run is U-shaped due to operation of the law of returns to a factor.
Question. Why does fixed cost not influence marginal cost?
Answer. Because marginal cost does not include fixed cost.
Question. When a seller sells his entire output at a fixed price, what will be the shape of AR & MR curves?
Answer. Both AR & MR are equal and coincide with each other on a horizontal line.
Question. Show that average revenue equals price.
Answer. AR = TR / Q = P x Q / Q = P = price
Question. What effect does a cost saving technical progress have on the supply curve?
Answer. Supply curve will shift to the right.
Question. What effect does an increase in excise tax have on the supply curve?
Answer. Supply curve will shift to the left.
Question. What happens to TPP when marginal productivity of variable input is negative?
Answer. TPP falls.
Question. When is TPP maximum in relation to MPP?
Answer. When MPP is zero.
Question. What happens to MPP when TPP is declining?
Answer. MPP declines and remains negative.
Question. Explain the relation between average revenue and marginal revenue when a firm can sell an additional unit or a good by lowering the price.
Answer. 1. AR and MR both decreases.
2. MR decrease at the rate of twice than AR.
3. MR become zero and negative but AR can never be zero.
Question. Explain how does change in price of input affect the supply of a good.
Answer. A. Increase in price of input : increase in price of input is cause of a decrease in the supply of a good because the production cost of a good will increase due to increase in price of input. It will reduced the profit. So producer will decrease the supply of the good.
B. Decrease in price of Input : Decrease in price of input is a cause of increase in supply because when the price of input decrease the production cost of a good also also decreases. Decrease in cost increases the profit margin. It motivate to producer to increase the supply of the good.
Question. Explain how changes in prices of other products influence the supply of a given product.
Answer. The supply of a good is inversly influenced with the change in price of other product which can explain as fallows.
A. Rise in price of other product :– When there is rise in the price of other product the production of these product become more profitable due to unchanged cost in comparison of the production of given produce. As a result the producer will produce more quantity of other product so the supply of given good will decrease.
B. Fall in the price of other product :– When there is fall in the price of other product the production of these product become less profitable due to unchanged cost in comparison of the production of given product. As a result producer will produce less quantity of other product so the factors of production shifted for the production of given good. It cause an increase in supply of given good.
Question. Explain how technological advancement influence the supply of a given product.
Answer. Technological advancement brings a positive impact in the supply of a given product. It reduces per unit cost and increase the productivity of given factors of production. Due to these reasons production of given product becomes more profitable.
Question. What are the factors which give rise to increasing returns to variable factors?
Answer. 1. Fuller utilization of the fixed factors- Generally fixed factors are indivisible and underutilized. With greater application of variable factor these factors are better utilized its MPP tends to rise.
2. Increased efficiency of variable factor- Application of specialization and division of labour among the units of variable factors leads to greater efficiency and increase in MPP.
CBSE Class 12 Economics Theory of Consumer Behaviour Worksheet |
CBSE Class 12 Economics Production and Costs Worksheet |
CBSE Class 12 Economics National Income Accounting Worksheet |
CBSE Class 12 Economics Money And Banking Worksheet |
CBSE Class 12 Economics Government Budget And The Economy Worksheet |
CBSE Class 12 Economics Balance Of Payment Worksheet |
More Study Material
CBSE Class 12 Economics Producers Behaviour And Supply Economics Worksheet
We hope students liked the above worksheet for Producers Behaviour And Supply Economics designed as per the latest syllabus for Class 12 Economics released by CBSE. Students of Class 12 should download in Pdf format and practice the questions and solutions given in the above worksheet for Class 12 Economics on a daily basis. All the latest worksheets with answers have been developed for Economics by referring to the most important and regularly asked topics that the students should learn and practice to get better scores in their class tests and examinations. Studiestoday is the best portal for Class 12 students to get all the latest study material free of cost.
Worksheet for Economics CBSE Class 12 Producers Behaviour And Supply Economics
Expert teachers of studiestoday have referred to the NCERT book for Class 12 Economics to develop the Economics Class 12 worksheet. If you download the practice worksheet for one chapter daily, you will get higher and better marks in Class 12 exams this year as you will have stronger concepts. Daily questions practice of Economics worksheet and its study material will help students to have a stronger understanding of all concepts and also make them experts on all scoring topics. You can easily download and save all revision worksheet for Class 12 Economics also from www.studiestoday.com without paying anything in Pdf format. After solving the questions given in the worksheet which have been developed as per the latest course books also refer to the NCERT solutions for Class 12 Economics designed by our teachers
Producers Behaviour And Supply Economics worksheet Economics CBSE Class 12
All worksheets given above for Class 12 Economics have been made as per the latest syllabus and books issued for the current academic year. The students of Class 12 can be rest assured that the answers have been also provided by our teachers for all worksheet of Economics so that you are able to solve the questions and then compare your answers with the solutions provided by us. We have also provided a lot of MCQ questions for Class 12 Economics in the worksheet so that you can solve questions relating to all topics given in each chapter. All study material for Class 12 Economics students have been given on studiestoday.
Producers Behaviour And Supply Economics CBSE Class 12 Economics Worksheet
Regular worksheet practice helps to gain more practice in solving questions to obtain a more comprehensive understanding of Producers Behaviour And Supply Economics concepts. Worksheets play an important role in developing an understanding of Producers Behaviour And Supply Economics in CBSE Class 12. Students can download and save or print all the worksheets, printable assignments, and practice sheets of the above chapter in Class 12 Economics in Pdf format from studiestoday. You can print or read them online on your computer or mobile or any other device. After solving these you should also refer to Class 12 Economics MCQ Test for the same chapter.
Worksheet for CBSE Economics Class 12 Producers Behaviour And Supply Economics
CBSE Class 12 Economics best textbooks have been used for writing the problems given in the above worksheet. If you have tests coming up then you should revise all concepts relating to Producers Behaviour And Supply Economics and then take out a print of the above worksheet and attempt all problems. We have also provided a lot of other Worksheets for Class 12 Economics which you can use to further make yourself better in Economics
You can download the CBSE Printable worksheets for Class 12 Economics Producers Behaviour And Supply Economics for latest session from StudiesToday.com
Yes, you can click on the links above and download Printable worksheets in PDFs for Producers Behaviour And Supply Economics Class 12 for Economics
Yes, the Printable worksheets issued for Class 12 Economics Producers Behaviour And Supply Economics have been made available here for latest academic session
You can easily access the links above and download the Class 12 Printable worksheets Economics Producers Behaviour And Supply Economics for each chapter
There is no charge for the Printable worksheets for Class 12 CBSE Economics Producers Behaviour And Supply Economics you can download everything free
Regular revision of practice worksheets given on studiestoday for Class 12 subject Economics Producers Behaviour And Supply Economics can help you to score better marks in exams
Yes, studiestoday.com provides all latest NCERT Producers Behaviour And Supply Economics Class 12 Economics test sheets with answers based on the latest books for the current academic session
Yes, studiestoday provides worksheets in Pdf for Producers Behaviour And Supply Economics Class 12 Economics in mobile-friendly format and can be accessed on smartphones and tablets.
Yes, worksheets for Producers Behaviour And Supply Economics Class 12 Economics are available in multiple languages, including English, Hindi