Download App

Theory of consumer behaviour — Economics STD 11 Commerce — Question

CBSE BoardEnglish MediumSTD 11 CommerceEconomicsTheory of consumer behaviour3 Marks
Question
The table give points on an indifference curve for a consumer. Sketch the indifference curve.
Combination
Good X
Good Y
A
1
15
B
2
11
C
3
8
D
4
6
E
5
5
✓

Answer

Get the step-by-step solution for this question inside the Vidyadip app.

Get the answer in the app

Need a full question paper?

Generate a complete, print-ready paper with questions like this in minutes — across 16+ boards, with answer keys.

Start Generating Free

Explore more

More "3 Marks Question" from Theory of consumer behaviour→Theory of consumer behaviour — all question types→Economics STD 11 Commerce question papers→CBSE Board STD 11 Commerce question papers→CBSE Board question paper generator→

Similar questions

There are large number of buyers in a perfectly competitive market.
Explain the significance of this feature.
→
Discuss the various ways in which a monopoly market structure may arise.
→
Explain the effects of 'maximum price ceiling' on the market of a good. Use diagram.
→
Suppose there are $20$ consumers for a good and they have identical demand functions.
$d(p) = 10 - 3p$ for any price less than or equal to $\frac{10}{3}$ and
$d (p) = 0$ at any price greater than $\frac{10}{3}.$
What is the market demand function?
→
Distinguish between a normal good and an inferior good. Give example in each case.
→
Complete the following table:
Units of Labour Average product Marginal Product
  (Units) (Units)
1 8 …….
2 10 …….
3 …… 10
4 9 …….
5 …… 4
6 7 …….
→
What do you mean by a normal good?
→
What happens if the firm increases its output even when MR = MC?
→
Explain the meaning of diminishing marginal rate of substitution with the help of a numerical example.
→
Explain the law of diminishing marginal utility with the help of a utility schedule.
→