Commerce Exam > Commerce Notes > Economics Class 11 > Short Answer Questions - Producer Behaviour and Supply
Short Answer Questions - Producer Behaviour and Supply | Economics Class 11 - Commerce PDF Download
Short answer questions and Long answer questions
1. What is meant by production?
Ans :- Transformation of Input into Output.
2. What will be MP when TP is maximum?
Ans :- MP will be zero.
3. Define market period, Short run & Long run.
Ans :- Refer time period.
4. Explain the law of variable proportions with the help of a schedule and a diagram.
5. What are the reasons for
a) Increasing returns to a factor
b) Diminishing returns to a factor
c) Negative returns to a factor
6. Explain the difference between MPP & TPP.
Short answers and Long Answer questions:
- What is cost of production?
- Define cost function.
- What are money costs?
- Distinguish between explicit and implicit costs.
- How do you define an opportunity cost?
- What difference you find between fixed and variable costs?
- Why the fixed cost curve is a horizontal straight line to the X axis?
- Why variable costs are variable?
- What is average cost? How do you derive it?
- Explain AVC, AFC & ATC and explain the relationship between these costs.
- Explain the relationship TC, TFC & TVC.
- With a diagram describe the various phases of AC.
- Bring out the relationship between AC & MC
The document Short Answer Questions - Producer Behaviour and Supply | Economics Class 11 - Commerce is a part of the Commerce Course Economics Class 11.
All you need of Commerce at this link: Commerce
|
75 videos|269 docs|46 tests
|
FAQs on Short Answer Questions - Producer Behaviour and Supply - Economics Class 11 - Commerce
| 1. What is producer behavior in economics? |  |
Ans. Producer behavior in economics refers to the actions and decisions made by producers or firms in response to market conditions and economic factors. It includes decisions related to production, pricing, investment, and resource allocation.
| 2. How does supply affect producer behavior? | |
Ans. Supply plays a crucial role in shaping producer behavior. When the supply of a product increases, producers may reduce prices to attract more customers. On the other hand, when the supply decreases, producers may raise prices to maximize profits. Changes in supply also influence the production levels and investment decisions of producers.
| 3. What factors influence producer behavior? | |
Ans. Several factors influence producer behavior, including market demand, production costs, competitors' actions, government regulations, and technological advancements. These factors can affect pricing decisions, production levels, investment choices, and strategic planning of producers.
| 4. How do producers determine the quantity of goods to supply? | |
Ans. Producers determine the quantity of goods to supply by considering factors like production costs, market demand, and profit maximization. They analyze the relationship between price and quantity supplied using concepts like supply curves and elasticity. Producers aim to find the equilibrium point where the quantity supplied matches the demand at the most profitable price.
| 5. How does producer behavior impact the overall market? | |
Ans. Producer behavior significantly impacts the overall market dynamics. When producers adjust their production levels, pricing strategies, and investment decisions, it affects the supply and availability of goods in the market. This, in turn, influences prices, competition, consumer choices, and market equilibrium. Therefore, understanding and analyzing producer behavior is essential for studying and predicting market outcomes.
About this Document
|
3.2K Views |
|
4.86/5 Rating |
|
Nov 23, 2024 Last updated |
Document Description: Short Answer Questions - Producer Behaviour and Supply for Commerce 2024 is part of Economics Class 11 preparation.
The notes and questions for Short Answer Questions - Producer Behaviour and Supply have been prepared according to the Commerce exam syllabus. Information about Short Answer Questions - Producer Behaviour and Supply covers topics
like and Short Answer Questions - Producer Behaviour and Supply Example, for Commerce 2024 Exam. Find important definitions, questions, notes, meanings, examples, exercises and tests below for Short Answer Questions - Producer Behaviour and Supply.
Introduction of Short Answer Questions - Producer Behaviour and Supply in English is available as part of our Economics Class 11
for Commerce & Short Answer Questions - Producer Behaviour and Supply in Hindi for Economics Class 11 course.
Download more important topics related with notes, lectures and mock test series for Commerce
Exam by signing up for free. Commerce: Short Answer Questions - Producer Behaviour and Supply | Economics Class 11 - Commerce
Description
Full syllabus notes, lecture & questions for Short Answer Questions - Producer Behaviour and Supply | Economics Class 11 - Commerce - Commerce | Plus excerises question with solution to help you revise complete syllabus for Economics Class 11 | Best notes, free PDF download
Information about Short Answer Questions - Producer Behaviour and Supply
In this doc you can find the meaning of Short Answer Questions - Producer Behaviour and Supply defined & explained in the simplest way possible. Besides explaining types of
Short Answer Questions - Producer Behaviour and Supply theory, EduRev gives you an ample number of questions to practice Short Answer Questions - Producer Behaviour and Supply tests, examples and also practice Commerce
tests
|
Explore Courses for Commerce exam
|
|
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
Related Searches
mock tests for examination
,video lectures
,ppt
,shortcuts and tricks
,past year papers
,Short Answer Questions - Producer Behaviour and Supply | Economics Class 11 - Commerce
,Viva Questions
,Semester Notes
,Short Answer Questions - Producer Behaviour and Supply | Economics Class 11 - Commerce
,Exam
,study material
,Short Answer Questions - Producer Behaviour and Supply | Economics Class 11 - Commerce
,Previous Year Questions with Solutions
,Summary
,Important questions
,Objective type Questions
,Sample Paper
,Free
,MCQs
,Extra Questions
,practice quizzes
;
Additional Information about Short Answer Questions - Producer Behaviour and Supply for Commerce Preparation
Short Answer Questions - Producer Behaviour and Supply Free PDF Download
The Short Answer Questions - Producer Behaviour and Supply is an invaluable resource that delves deep into the core of the Commerce exam.
These study notes are curated by experts and cover all the essential topics and concepts, making your preparation more efficient and effective.
With the help of these notes, you can grasp complex subjects quickly, revise important points easily,
and reinforce your understanding of key concepts. The study notes are presented in a concise and easy-to-understand manner,
allowing you to optimize your learning process. Whether you're looking for best-recommended books, sample papers, study material,
or toppers' notes, this PDF has got you covered. Download the Short Answer Questions - Producer Behaviour and Supply now and kickstart your journey towards success in the Commerce exam.
Importance of Short Answer Questions - Producer Behaviour and Supply
The importance of Short Answer Questions - Producer Behaviour and Supply cannot be overstated, especially for Commerce aspirants.
This document holds the key to success in the Commerce exam.
It offers a detailed understanding of the concept, providing invaluable insights into the topic.
By knowing the concepts well in advance, students can plan their preparation effectively.
Utilize this indispensable guide for a well-rounded preparation and achieve your desired results.
Short Answer Questions - Producer Behaviour and Supply Notes
Short Answer Questions - Producer Behaviour and Supply Notes offer in-depth insights into the specific topic to help you master it with ease.
This comprehensive document covers all aspects related to Short Answer Questions - Producer Behaviour and Supply.
It includes detailed information about the exam syllabus, recommended books, and study materials for a well-rounded preparation.
Practice papers and question papers enable you to assess your progress effectively.
Additionally, the paper analysis provides valuable tips for tackling the exam strategically.
Access to Toppers' notes gives you an edge in understanding complex concepts.
Whether you're a beginner or aiming for advanced proficiency, Short Answer Questions - Producer Behaviour and Supply Notes on EduRev are your ultimate resource for success.
Short Answer Questions - Producer Behaviour and Supply Commerce
The "Short Answer Questions - Producer Behaviour and Supply Commerce Questions" guide is a valuable resource for all aspiring students preparing for the
Commerce exam. It focuses on providing a wide range of practice questions to help students gauge
their understanding of the exam topics. These questions cover the entire syllabus, ensuring comprehensive preparation.
The guide includes previous years' question papers for students to familiarize themselves with the exam's format and difficulty level.
Additionally, it offers subject-specific question banks, allowing students to focus on weak areas and improve their performance.
Study Short Answer Questions - Producer Behaviour and Supply on the App
Students of Commerce can study Short Answer Questions - Producer Behaviour and Supply alongwith tests & analysis from the EduRev app,
which will help them while preparing for their exam. Apart from the Short Answer Questions - Producer Behaviour and Supply,
students can also utilize the EduRev App for other study materials such as previous year question papers, syllabus, important questions, etc.
The EduRev App will make your learning easier as you can access it from anywhere you want.
The content of Short Answer Questions - Producer Behaviour and Supply is prepared as per the latest Commerce syllabus.
|
© EduRev
|
Education Revolution
|
Follow Us
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup