Introduction — Economics STD 12 Humanities & Commerce — Question

Do you agree with the view that TP increases even when MP is decreasing?

Distinguish between stock and flow variables with suitable examples.

Give the meaning of average propensity to save and average propensity to consume. Can the value of average propensity to save be negative? If yes, when?

There are large number of buyers in a perfectly competitive market. Explain the significance of this feature.

Calculate TR, MR and AR.

Price (₹)	4	5	6	7
Units sold	1	2	3	4

Giving reason, classify the into intermediate or final goods.
Milk purchased by households.

Out of the values of APC and APS, which one can be greater than one and when?

Which technology of production would you prefer in rural India, a 'labour intensive' one, which would curtail the problem of unemployment to certain extent or a 'capital intensive' one, which is very highly productive in nature?

How is a Giffen good related to an inferior good?