JKBOSE CLASS12TH IMPORTANT QUESTIONS OF MICRO ECONOMICS

JKBOSE CLASS12TH IMPORTANT QUESTIONS OF MICRO ECONOMICS 20 QUESTIONS ACCORDING TO BOARD PATTERN. 

HELPING IN ECONOMICS FOR BETTER PREPARATION OF MICRO ECONOMICS 

SOON PROVIDE MACRO ECONOMICS

Note: Attempt all the questions. Each question carries 5 marks.

1. State the Law of Supply.

2. Differentiate between utility analysis and indifference curve analysis? State the properties of indifference curve with suitable diagram.

3. With the help of diagrams show the relationship between Average Total Cost(ATC), Average Fixed Cost(AFC), Average Variable Cost(AVC)’, and Marginal Cost(MC) in the short run?

4. What is Oligopoly? HOW it is different from Monoplistic competition? 

Q. state and explain with suitable diagram the law of demand. what are the reasons for the downward slope ofthe demand?

Q. Explain the concept of elasticity of demand? How can elasticity of demand be measured.

Q. Explain consumers' equilibrium under  indiffexence curve? Why is the consumer not equilibrium  at points where the indifference curve intersects the budget line.

Q.Explain the various techniques ofdemand forecasting

Q. Explain the Law of Variable proportion with suitable example.

Q. What are the features of perfect competition? Explain the short ~ run equilibrium of a film under perfect mmpetition.

Q. Explain the equilibrimn of a firm under monopoly in short um.

Q. Explain the various internal and external economies of scale