CBSE Class 12 Economics Sample Paper 2011 Solved Set D

Read and download PDF of CBSE Class 12 Economics Sample Paper 2011 Solved Set D designed as per the latest curriculum and examination pattern for Class 12 issued by CBSE, NCERT and KVS. The latest Class 12 Economics Sample Papers have been provided with solutions so that the students can solve these practice papers and then compare their answers. This will help them to identify mistakes and improvement areas in Economics Class 12 which they need to study more to get better marks in Class 12 exams. After solving these guess papers also refer to solved Class 12 Economics Question Papers available on our website to build strong understanding of the subject

Sample Paper for Class 12 Economics Pdf

Students can refer to the below Class 12 Economics Sample Paper designed to help students understand the pattern of questions that will be asked in Class 12 exams. Please download CBSE Class 12 Economics Sample Paper 2011 Solved Set D

Economics Class 12 Sample Paper

Section – A

1 Economy refers to the whole collection of production units in an area by which people get their living. 

2 Market demand is the sum total of demand by all the consumers of a product at a price during a period of time.

3 AFC falls continously. 

4 AR continously falls as output increases. 

5 A price taker firm is a firm which has no option but to sell at a price determined at the industry level. 

6 Opportunity cost is the next best alternative foregone in choosing a given alternative  Suppose an economy produces only two goods X and Y. Further suppose that by employing these resources fully and efficiently, the economy produces 1X + 10Y. If the economy decides to produce 2X, it has to cut down production of Y by 2 units. Then 2Y is the opportunity cost of producing 1X.(or any other relevant example)

7 Consumer purchases upto the point where MU= Price .So long as MU> P, he keeps on purchasing. As he makes purchases MU falls and at a particular quantity of the good MU becomes equal to Price. Consumer purchases upto this point.

8

CBSE Class 12 Economics Sample Papers 2013 (18) (1) 1

[NOTE:-
For Evaluators
1. Please check that the vertical distance between ATC curve and AVC curve goes on falling.
2. Check that the MC curve passes through the minimum points of the AVC and ATC curves.
3. Check that all components of the diagam are properly labelled]
For Blind Candidates:-
When MC < AVC, AVC falls. 
When MC = AVC, AVC is constant. 
When MC > AVC, AVC rises. 
 
9 Implicit cost: estimated salary of the owner. Because the owner would have earned this salary if he had worked with a firm not owned by him.
Explicit cost: Rent paid. 
Because it is actual money expenditure on input. 
10 The implication is that no single buyer is in a position to influence the market price on its own because an individual buyer's purchase forms a negligible proportion of the total purchase of the good in the market. 
 
OR
Firms are mutually interdependent because an individual firm takes decision about price and output after considering the possible reactions by the rival firms.



Please refer to attached file for CBSE Class 12 Economics Sample Paper 2011 Solved Set D

CBSE Class 12 Economics Sample Paper 2011 Solved Set D

We hope you liked the above provided CBSE Class 12 Economics Sample Paper 2011 Solved Set D. To get an understanding of the type of questions which were asked in exams, it is important for Class 12 students to understand the way sample Paper are set by teachers. Students can download the Sample Paper for Class 12 Economics which will be coming in the exams so that you can practise them and solve all types of questions that can be asked in exams. By doing CBSE Class 12 Economics Sample Paper 2011 Solved Set D you will understand the regular questions and MCQ questions for Class 12 Economics which are always asked. You can download CBSE Class 12 Economics Sample Paper and Class 12 Economics Question Papers in PDF. You should attempt all the last year question paper for Class 12 and Class 12 Economics MCQ Test in examination conditions at home and then compare their answers with the solutions provided by our teachers.

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