Gaytri Talwar

  Question Define opportunity cost. View solution Question At what level of production is total cost equal to total fixed cost View solution Explain the central problem of ''What is produced and in what quantities'' Question In what circumstances may the production possibility frontier shift away from the origin ? Explain  View solution Question A consumer buy 200 units of a good at a price of Rs 20 per unit. Price elasticity of demand is  ( − ) 2 ( - ) 2 . At what price will he be willing to purchase 300 units? Calculate View solution Question Define marginal rate of substitution.  View solution Question Explain the assumptions of producer's equilibrium under perfect completition. View solution Question Explain the implications of ''freedom of entry and exit of firms'' under perfect competition View solution Question Draw Variable Cost (AVC), Fixed cost (FC), Total Cost (ATC) and Marginal Cost (MC) curves in a single diagram. State the relation betw...

  Question The market demand for a good at ₹ 4 per unit is 100 units. Due to increase in price, the market demand falls to 75 units. Find out the new price, elasticity of demand is (-)1.  View solution Question When the price of good X is ₹ 5, the consumer buys 100 units of good X. At what price would he willing to purchase 140 units of good X ? The price elasticity of demand for good X is 2. View solution Question A consumer buys 80 units ofa good at a price of ₹5 per units. Suppose, the price elasticity of demand is (-)2. At what price will he buy 64 units ?  View solution Question The demand for a good al ₹ 10 per units is 40 units. Price falls by ₹ 5. if price elasticity of demand is (-)3, calculate the new quantity demanded. View solution Question Price elasticity of demand for a product is 'unity'. A houseshold buys 25 units of this product at the price of ₹ 5 per unit. If the price of product rises by ₹ 1, how much quantity of the product will the household buy ? V...