Production and cost — Economics STD 12 Humanities & Commerce — Question

Define involuntary unemployment.

State whether the following statements are true or false. Give reasons for your answer.

1. AVC can fall even when MC is rising.
2. The difference between TC and TVC falls with increase in output.
3. As soon as MC starts rising, AVC also starts rising.

Give one point of difference between Microeconomics and Macroeconomics.

Giving reason state whether are included or excluded in/ from domestic territory.
Reliance Industries rented its building to Microsoft in America.

Explain the implication of non-price competition in an oligopoly market.###Explain the implication of non-price competition under oligopoly.

Giving reason, state whether the following statements are true or false.
Bread is always a consumer good.

Lot of people died and many factories are destroyed because of severe earthquake in a country. How will it affect the country's PPC?

Name the branch of economics which is primarily concerned with the study of broad aggregates.

OR

Which branch of economics deals with the aggregates of the economy?

How is total utility derived from marginal utility?

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