MICROECONOMICS CH : 8 CONCEPTS OF COST — Economics STD 11 Commerce — Question

Complete the following table:

Output (Units)	Average Revenue (₹)	Marginal Revenue (₹)	Total Revenue (₹)
1	-	15	-
2	-	-	26
3	11	-	-
4	-	3	-

Which method of data collection will you choose to collect data to study toppers of class X of all states of India? Give reason.

Consumer Price Index increased from previous year's 250 to current year's 280. How much salary should Shubham get to maintain same living standard which he was maintaining with ₹ 60,000 salary in previous year?

Find the value of the smallest item of the data, if the coefficient of range is 0.6 and the largest value is 60.

What is the relevance of stages (or phases) of production to the producer?

The consumer buys 160 units of a good at a price of ₹8 per unit. Price falls to ₹6 per unit. How much quantity will the consumer buy at the new price if price elasticity of demand is (-) 2?

Index numbers are 'economic barometers'. Explain this statement.

What kind of diagrams are more effective in representing the following?
Composition of the population of Delhi by religion.

Explain how price is determined in a perfectly competitive market with fixed number of firms.

How does the imposition of a unit tax affect the supply curve of a firm?