HSC Arts Class 11 - Tamil Nadu Board of Secondary Education Question Bank Solutions for Economics

Mention the classifications of wants.

The functional relationship between “inputs” and “outputs” is called as

The long-run production function is explained by

A production function measures the relation between

If average product is decreasing, then marginal product

State the production function.

Identify the formula of estimating average variable cost.

The cost incurred by producing one more unit of output is ______ cost.

The cost per unit of output is denoted by _________ cost.

Identify the formula of estimating average cost.

Find total cost where TFC=I00 and TVC = 125.

Revenue received from the sale of products is known as _______ revenue.

Revenue received from the sale of additional unit is termed as ________ revenue.

Marginal revenue is the addition made to the

State the relationship between AC and MC.

Discuss the short-run cost curves with suitable diagram.

If total cost = 10+Q³, find out AC, AVC, TFC, AFC when Q=5.

Theory of distribution is popularly known as,

The concept of meeting unexpected expenditure according to Keynes is

Explain the Marginal Productivity Theory of Distribution.