Solved papers for 12th Class Economics Solved Paper - Economics 2013 Delhi Set-III

done Solved Paper - Economics 2013 Delhi Set-III Total Questions - 8

• question_answer1) Give an example each of fixed cost and variable cost.
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• question_answer2) The price elasticity of supply of a good is 0.8. Its price rises by 50 percent. Calculate the percentage increase in its supply.
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• question_answer3) 

  Complete the following table:
  Units of Labour	Average Product (Units)	Marginal Product (Units)
  1	16	.....
  2	20	.....
  3	.....	20
  4	18	.....
  5	.....	8
  6	14	.....

             
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• question_answer4) Explain 'freedom of entry and exit to firms in industry' features of monopolistic competition.
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• question_answer5) Give the meaning of producer's equilibrium. A produces that quantity of his product at which marginal cost and marginal revenue are equal. Is he earning maximum profits? Give reasons for your answer.
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• question_answer6) 

  Calculate 'sales' from the following data:
  (Rs in lakhs)
  Intermediate costs	700
  Consumption of fixed capital	80
  Change in stock	(-) 50
  Subsidy	60
  Net value added at factor cost	1300
  Exports	50

                                                             
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• question_answer7) 

  C = 50 + 0.5Y is the consumption function where C is consumption expenditure and Y is National Income and investment expenditure is 2,000 in an economy.

  Calculate Equilibrium level of (National Income) Consumption expenditure of equilibrium level of national income.

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• question_answer8) 

  Complete the following table:
  Consumption expenditure (Rs)	Saving (Rs)	Income (Rs)	Marginal Propensity to consume
  100	50	150	.....
  175	75	....	.....
  250	100	....	.....
  325	125	....	.....

   
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