CBSE Class 12 Micro Economics Consumer Behaviour And Demand Utility Analysis Worksheet

  Consumer behavior and Demand Utility Analysis Question. In which approach is utility ranked in (a) Ordinal approach (b) Cardinal approach (c) Both cardinal and ordinal approach (d) Independent variable approach Answer: A Question. All point in indifference curve…

CBSE Class 12 Micro Economics Theory of Demand Worksheet

MICRO ECONOMICS THEORY OF DEMAND I. Answer in one sentence each a. Define demand b. State law of demand. c. Demand for good X decreases as price of good Y increases then the two goods are: A. Absolute necessities    B. complementary goodC. inferior goods             D.…

CBSE Class 12 Micro Economics Price Elasticity of Demand Worksheet

MICRO ECONOMICS PRICE ELASTICITY OF DEMAND Question. For goods with unitelastic demand — (a) Aq > Ap (b) Aq = Ap (c) Aq < Ap (d) Aq = 1 Answer: B Question. If the demand for the good is perfectly inelastic, the Demand Curve will be — (a) Horizontal Line (b)…

CBSE Class 12 Micro Economics Introduction Worksheet

MICRO ECONOMICS INTRODUCTION I. Answer in one sentence each 1. Define goods. 2. Distinguish between goods and services. 3. What do you understand by ‘individual’ in economics? 4. What does ‘allocation of resources’ mean? 5. Define ‘scarcity’ in economics. 6. Define positive…

CBSE Class 12 Micro Economics Indifference Curve Analysis Worksheet

INDEFFERENCE CURVE ANALYSIS I. Answer in one sentence or in one word a. An indifference curve shows: A. The amount of money that consumer has to spend on two goods. B. The different levels of utilities that consumer can get from the consumption of different units of two goods…

CBSE Class 12 Micro Economics Consumer Behaviour And Demand Indifference Analysis Worksheet Set A

Consumer behavior and Demand Indifference Analysis I. Answer in one sentence or in one word (1 mark each) 1. An indifference curve shows:(a) The amount of money that consumer has to spend on two goods.(b) The different levels of utilities that consumer can get from the…

CBSE Class 12 Micro Economics Consumer Behaviour And Demand Analysis Worksheet

Consumer behavior and Demand Demand Analysis I. Answer in one sentence each (1 mark each) a. Define demand b. State law of demand. c. Demand for good X decreases as price of good Y increases then the two goods are: (a) Absolute necessities(b) Complementary good(c) Inferior…

CBSE Class 11 Economics Liberalisation Privatisation and Globalisation An Appraisal Worksheet

Question. Quantitative restrictions on imports of manufactured consumer goods and agricultural products were also fully removed from a) 1980 b) 1991 c) 2001 d) 1995 Answer : C Question. __________ refers to the transfer of assets or service functions form…

CBSE Class 11 Economics Infrastructure Worksheet

Question. The state known as ‘God’s own country a) Karnataka b) Gujarat c) Kerala d) Goa Answer : C Question. Which of the following is an example of conventional source of energy? a) Natural gas b) Solar energy c) Biomass d) Wind energy Answer : A Question. ____________…

CBSE Class 11 Economics Environment and Sustainable Development Worksheet

Question. Environmental includes: (A) Biotic factors (B) Abiotic factors (C) Both (a) and (b) (D) None of the above Answer : C Question. The ability of the environment to absorb degradation is: (A) Carrying capacity (B) Absorptive capacity (C) (a) and (b) (D) None of the…

CBSE Class 11 Economics Worksheet Set I Solved

SECTION A 1. A firm is at equilibrium when it produces a level of output at which: (i) Marginal Cost is equal to Marginal Revenue and Marginal cost is diminishing(ii) Marginal Cost is equal to Marginal Revenue and Marginal cost is increasing.(iii) Average Revenue is equal to…

CBSE Class 11 Economics Worksheet Set H Solved

SECTION A 1.When Average Product Curve coincides with Marginal Product Curve, Average Product Curve is: A. Constant and maximumB. Constant and minimumC. Increasing at a constant rateD. Increasing at a diminishing rate2.A firm increases its output 20 to 40 units. As a result…

CBSE Class 11 Economics Worksheet Set G Solved

SECTION A 1. When Marginal Product curve coincides with X axis, Total Product: A. Increases at a constant rateB. Increases at a diminishing rateC. Reaches maximum and constantD. Reaches minimum and constant2. A firm increases its output from 85 units to 90 units. As a result…

CBSE Class 11 Economics Worksheet Set F Solved

SECTION A 1. When Marginal Product is zero, Total Product must be: A. DiminishingB. ConstantC. IncreasingD. Becomes zero2. As a result of increase in output from 5 units to 10 units, Average Cost increases from Rs.10 to Rs. 12. What could be the marginal cost of producing 10th…

CBSE Class 11 Economics Worksheet Set E Solved

PART A 1. Price elasticity of supply is unitary. What could be the percentage change in quantity supplied if its price increases by 10 percent?2. Define elasticity of supply  3. A downward movement along the same supply curve is due to:(i) Increase in prices of inputs(ii)…