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Arts (English Medium) Class 12 - CBSE Question Bank Solutions

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Explain the concepts of Opportunity Cost and Marginal Rate of Transformation using a production possibility schedule based on the assumption that no resource is equally efficient in production of all goods.

[3] Production and Costs
Chapter: [3] Production and Costs
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Define opportunity cost.

[3] Production and Costs
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Use of which of the following has resulted in a significant reduction in Delhi’s pollution?

[2] Current Challenges Facing Indian Economy
Chapter: [2] Current Challenges Facing Indian Economy
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Which of the following is a conventional source of energy?

[2] Current Challenges Facing Indian Economy
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‘Pesticides are chemical compounds designed to kill pests. Many pesticides can also pose health risks to people even if exposed to nominal quantities.’

In the light of the above statement, suggest any two traditional methods for replacement of the chemical pesticides.

[2] Current Challenges Facing Indian Economy
Chapter: [2] Current Challenges Facing Indian Economy
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______ is not the strategy for Sustainable Development.

[2] Current Challenges Facing Indian Economy
Chapter: [2] Current Challenges Facing Indian Economy
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Explain how Bio-composting can be helpful in achieving the objectives of sustainable development.

[2] Current Challenges Facing Indian Economy
Chapter: [2] Current Challenges Facing Indian Economy
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"Serious concerns over the climate change is taking over the attention of the world."

In the light of the above statement and image, discuss any two strategies to tackle this global concern of Environmental degradation.

[2] Current Challenges Facing Indian Economy
Chapter: [2] Current Challenges Facing Indian Economy
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Explain the geometric method of measuring price elasticity of supply. Use Diagram.

[3] Production and Costs
Chapter: [3] Production and Costs
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The price elasticity of supply of a good is 0.8. Its price rises by 50 percent. Calculate the percentage increase in its supply.

[3] Production and Costs
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What is the law of diminishing marginal product?

[3] Production and Costs
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Choose the correct alternative from given options:
The average product curve in the input-output plane, will be ____________.

[3] Production and Costs
Chapter: [3] Production and Costs
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Explain whether the statement is true or false with reasons.

 Average product curve and Marginal product curves are 'U-shaped' curves.

[3] Production and Costs
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When does a production function satisfy constant returns to scale?

[3] Production and Costs
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When does a production function satisfy increasing returns to scale?

[3] Production and Costs
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When does a production function satisfy decreasing returns to scale?

[3] Production and Costs
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What does the third level refer to?

[1] The Third Level
Chapter: [1] The Third Level
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Would Charley ever go back to the ticket-counter on the third level to buy tickets to Galesburg for himself and his wife?

[1] The Third Level
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Do you think that the third leve was a medium of escape for Charley? Why?

[1] The Third Level
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What do you infer from Sam's letter to Charley?

[1] The Third Level
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