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Chapters
1: Micro and Macro Economics - An Introduction
2: Demand and Law of Demand
3: Elasticity of Demand
4: Theory of Consumer's Behaviour : Cardinal Utility Analysis
5: Theory of Consumer's Behaviour : Indifference Curve Analysis
6: Supply and Law of Supply
▶ 7: Revenue Analysis
8: Cost Theory Analysis
9: Forms of Market
10: Concept of Production and Law of Returns
11: Equilibrium of Firm and Industry Under Perfect Competition
12: Producer's Equilibrium Under Perfect Competition
13: Price Output Under Perfect Competition
14: Price Output Determination Under Monopoly
15: Price Output Determination Under Monopolistic Competition and Oligopoly
Unit 2 : Theory of Income and Employment
16: Basic Concepts of Macro Economics
17: Aggregate Demand and Supply - Determinants of Equilibrium
18: Consumption Function {Propensity to Consume)
19: Concept of Investments-Types and Determinants
20: Multiplier - I : Static and Dynamic
21: Full Employment and Voluntary Unemployment
22: Problems of Deficient Demand and Excesss Demand
23: Measures to Correct Deficient and Excess Demand
Unit 3 : Money and Banking
24: Money - An Introduction
25: Bank and Commercial Bank
26: Central Bank
Unit 4 : International Trade
27: Balance of Payments
28: Foreign Exchange Rate
Unit 5 : Public Finance
29: Fiscal Policy
30: Budget
Unit 6 ; National Income
31: National Income and Circular Flow of Income
32: Concepts of National Income
33: Measurement of National Income
34: National Income and Economic Welfare
![R. K. Lekhi and P. K. Dhar solutions for Economics [English] Class 12 ISC chapter 7 - Revenue Analysis - Shaalaa.com](/images/economics-english-class-12-isc_6:0ec86a6424ae41d2b0d71f72fec46101.jpg "R. K. Lekhi and P. K. Dhar solutions for Economics [English] Class 12 ISC chapter 7 - Revenue Analysis")
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Solutions for Chapter 7: Revenue Analysis
Below listed, you can find solutions for Chapter 7 of CISCE R. K. Lekhi and P. K. Dhar for Economics [English] Class 12 ISC.
R. K. Lekhi and P. K. Dhar solutions for Economics [English] Class 12 ISC 7 Revenue Analysis TEST QUESTIONS [Pages 7.15 - 7.16]
SHORT ANSWER QUESTIONS
What is Revenue?
Define Total Revenue.
Define marginal revenue.
Define or explain the following concept:
Average Revenue
Point out the significance of Revenue in Price Analysis.
Which concept of revenue is called ‘price’?
When average revenue is constant, what is the state of marginal revenue?
What is the shape of marginal revenue curve and average revenue curve under perfect competition?
What is the relation between marginal revenue and average revenue under perfect competition?
How are the marginal revenue and average revenue curves under monopoly and imperfect competition?
LONG ANSWER QUESTIONS
Derive AR, MR from TR with the help of a table. Also explain the relationship between AR and MR.
Explain Total Revenue (TR) curves.
Explain Average Revenue (AR) curves.
Explain Marginal Revenue (MR) curves.
Give the significance of TR, AR and MR in economics.
‘The MR curve of a firm cannot be above its AR curve.’ Comment.
Prove that `E = A/(A-M)` where A = average revenue, M = marginal revenue, and E = elasticity.
Compare and contrast revenue curves under different market conditions.
Explain the average and marginal revenue curves of a firm under perfect competition.
Explain the average and marginal revenue curves of a firm under monopoly.
Give the relationship between AR, MR and Elasticity of Demand.
Solutions for 7: Revenue Analysis
R. K. Lekhi and P. K. Dhar solutions for Economics [English] Class 12 ISC chapter 7 - Revenue Analysis
Shaalaa.com has the CISCE Mathematics Economics [English] Class 12 ISC CISCE solutions in a manner that help students grasp basic concepts better and faster. The detailed, step-by-step solutions will help you understand the concepts better and clarify any confusion. R. K. Lekhi and P. K. Dhar solutions for Mathematics Economics [English] Class 12 ISC CISCE 7 (Revenue Analysis) include all questions with answers and detailed explanations. This will clear students' doubts about questions and improve their application skills while preparing for board exams.
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Concepts covered in Economics [English] Class 12 ISC chapter 7 Revenue Analysis are Revenue Concepts, Relationship between Total, Average and Marginal Revenues under Perfect Competition, Cost of Production, Behaviour of Cost in the Short - Run, Relationship between Total, Average and Marginal Revenue under Imperfect Competition, Significance of Revenue Curve, Costs in Long Run Period, Types of Revenue, Relation Between Total, Average and Marginal Revenue, Comparative Study of Revenue Curves under Different Markets, Relationship Between (Mutual Determination) AR, MR, and Elasticity of Demand, Difference Between Short - Run & Long Run Costs, Theories of Costs: Traditional Theory of Costs/Short Run Cost Curves, Cost Concepts > Total Costs, Cost Concepts > Average Cost, Cost Concepts > Marginal Cost, Relationship between Average and Marginal Cost, Long-Run Cost Curves.
Using R. K. Lekhi and P. K. Dhar Economics [English] Class 12 ISC solutions Revenue Analysis exercise by students is an easy way to prepare for the exams, as they involve solutions arranged chapter-wise and also page-wise. The questions involved in R. K. Lekhi and P. K. Dhar Solutions are essential questions that can be asked in the final exam. Maximum CISCE Economics [English] Class 12 ISC students prefer R. K. Lekhi and P. K. Dhar Textbook Solutions to score more in exams.
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