Consumption Analysis — Economics STD 11 — Question

___________ are set up with a view to developing the rural economy by providing credit and other facilities to small and marginal farmers.

Function with a single independent variable are called _____

Kisan card was introduced in

Assertion (A) : If AR remains constant MR is also constant.
Reason (R) : MR is the addition made to the TR by the sale of an additional unit of a commodity

Assertion (A) : Real cost refers to the payment made to compensate for the efforts and sacrifice of all factor owners.
Reason (R) : Adam Smith regarded pain and sacrifice of labour as the real cost of production.

Identify the wrong statement about the features of Duopoly.
(a) There is product differentiation
(b) They fix the price for their product to maximise their profit
(c) Each seller is fully aware of his rival’s motive and actions
(d) Both sellers may collude regarding the sale of commodity.

Indian railways is an example of _______ competition.

Choose the correct statement

What is the break-even point?