Introduction of Micro-Economics — Economics STD 12 Humanities & Commerce — Question

Define intermediate consumption and explain it with an example. How is it different from final consumption?

We should try to regulate interest rates prevailing among farmers, weaker sections of society and poor villagers. How can we control it?

Can there be a positive level of output that a profit-maximising firm produces in a competitive market at which market price is not equal to marginal cost? Give an explanation.

How does an increase in the income affect the demand curve for inferior goods?

A consumer consumes only two goods X and Y. Marginal utilities of X and Y are 5 and 4 respectively. The prices of X and Y are Rs. 4 per unit and Rs. 5 per unit respectively. Is the consumer in equilibrium? What will be the further reaction of the consumer? Explain.

Explain the role of government budget in bringing economic stability.

If Personal Disposable Income is ₹ 1,000 crore and consumption expenditure is ₹ 750 crore, find out Average Propensity to Save.

Classify the into durable, non-durable, semi-durable or service.
Visit of a physician.

Giving reason, classify the into intermediate or final goods.
Unsold coal with trader at a year end.

Explain the meaning of balance of payments deficit.