Market Equilibrium — Economics STD 12 Humanities & Commerce — Question

Give meanings of capital receipts and revenue receipts with an example of each.

State the meaning and components of money supply.

Is a producer in equilibrium under the following situations?

1. When Marginal Revenue is greater than Marginal Cost.
2. When Marginal Revenue is equal to Marginal Cost.

Give reasons for your answer.

A person claims that he should be exempted from tax payment as he does not use any government services in general. Should the person be allowed to do so?

Explain the problem of "how to produce".

Using demand and supply curves show how an increase in the price of shoes affects the price of a pair of socks and the number of pairs of socks bought and sold.

From the following data, calculate “gross value added at factor cost”.

S.No.		Rs.(in lakhs)
1.	Sale.	180
2.	Rent.	5
3.	Subsidies.	10
4.	Change in Stock.	15
5.	Purchase of raw materials.	100
6.	Profits.	25

How is the demand for a good affected by a rise in the prices of other goods? Explain.

Discuss the various ways in which a monopoly market structure may arise.

Classify the into consumer, intermediate or capital goods.
Cycle purchased by a consumer household.