HSC Arts इयत्ता ११ - Tamil Nadu Board of Secondary Education Question Bank Solutions for Economics

Differentiation of constant term gives

Differentiation of xⁿ is

Fixed Cost is the ______ term in cost function represented in mathematical form.

The first differentiation of Total Revenue function gives

The elasticity of demand is the ratio of

What is the formula for the elasticity of supply if you know the supply function?

A firm has the revenue function R = 600q - 0.03q² and the cost function is C = 150_q + 60,000, where q is the number of units produced. Find AR, AC, MR, and MC.

If a firm faces the total cost function TC = 5+ x² where x is output, what is TC when x is 10?

A Research scholar researching the market for fresh cow milk assumes that Qt= f(Pt, Y, A, N, Pc) where Qt is the quantity of milk demanded, Pt is the price of fresh cow milk, Y is average household income, A is advertising expenditure on processed pocket milk, N is population and Pc is the price of processed pocket milk.

1. What does Qt= f (Pt, Y, A, N, Pc) mean in words?
2. Identify the independent variables.
3. Make up a specific form for this function. (Use your knowledge of Economics to deduce whether the coefficients of the different independent variables should be positive or negative.)

Calculate the elasticity of demand for the demand schedule by using differential calculus method P = 60 − 0.2Q where the price is

1. zero,
2. ₹20,
3. ₹40.

The demand and supply functions are p_d =1600 - x² and p_s = 2x² + 400 respectively. Find the consumer’s surplus and producer’s surplus at an equilibrium point.

Cobb-Douglas production function assumes

Name the returns to scale when the output increases by more than 5%, for a 5% increase in the inputs,

The reward for labour is

Why was structural reform implemented in the Indian Economy?

Identify the agriculture-related problem of the rural economy.

State any two causes of the housing problems in rural areas.

Discuss the problems of Rural Economy.

Give the meaning of deductive method.

Explain various Steps of Deductive and Inductive Methods.