Introduction — Economics STD 12 Humanities & Commerce — Question

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

Calculate autonomous consumption expenditure from the following data about an economy which is in equilibrium:

National Income	=	₹ 500
Marginal Propensity to Save	=	0.30
Investment expenditure	=	100

What is a planned economy?

Savings and investment are always equal. Discuss.

Classify the into durable, non-durable, semi-durable or service.
Tuition given by a teacher.

Explain the law of diminishing marginal utility with the help of a total utility schedule.

Which items are excluded from GNP? Give reasons.

Explain the relationship between Price Elasticity of Demand and slope of a linear demand curve.

Calculate the value of money multiplier and total deposit created if initial deposit is of ₹ 1,000 crore and LRR is 20%.

Given below is the cost schedule of a firm. Its average fixed cost is Rs. 20 when it produces 3 units.

Output (units)	1	2	3
Average variable cost (Rs.)	30	28	32

Calculate its marginal cost and average total cost at each given level of output.