Measures of Central Tendency — Economics STD 11 Commerce — Question

In which market form are average revenue and marginal revenue of a firm always equal?

Give two examples of quantitative data.

Classify the following as microeconomics or macroeconomics:
(i) A households decision on how much to save.
(ii) The effect of government regulations on industrial pollution.
(iii) Impact of higher capital formation on growth.
(iv) Firm X's decision on how many people to hire.
(v) GDP of Indian economy.
(vi) Higher wages paid to nurses solving the problem of shortage of nurses.
(vii) Fall in the market price of stocks.
(viii) Economising of resources by an individual.

Suppose there are 10 students in your class. You want to select three out of them. How many samples are possible?

What happens to the demand for a complementary good of a commodity when the price of the commodity rises?

Define total cost.

How does range help in giving a broad picture of the data under study?

What does the distance between the line of equal distribution and the line of actual distribution show?

What is an ogive?
OR
Define ogive curve.

Give the formula to compute index number by weighted average of price relative method.