Define fixed cost.
Class 12 · Economics · CBSE Board · 2018
Producer Behaviour and Supply — Class 12 Economics PYQs
5 questions from this chapter, asked in 1 Class 12 exams between 2018 — every question paper set included, duplicates removed.
5questions
1Class 12 exams
2018years covered
1 / 4 / 6mark values asked
Questions asked per year
Practice questions first 5 of 5 — free
When the Average Product (AP) is maximum, the Marginal Product (MP) is : (Choose the correct alternative)
(a) Equal to AP
(b) Less than AP
(c) More than AP
(d) Can be any one of the above
When the total fixed cost of producing 100 units is ₹ 30 and the average variable cost ₹ 3, total cost is : (Choose the correct alternative)
(a) ₹ 3
(b) ₹ 30
(c) ₹ 270
(d) ₹ 330
When the price of a commodity changes from ₹ 4 per unit to ₹ 5 per unit, its market supply rises from 100 units to 120 units. Calculate the price elasticity of supply. Is supply elastic ? Give reason.
Explain the conditions of producer's equilibrium in terms of marginal revenue and marginal cost.
Why practise Producer Behaviour and Supply PYQs?
Producer Behaviour and Supply has appeared in the 1 Class 12 Economics exam we track between 2018, with questions worth 1, 4, 6 marks. CBSE Board examiners consistently reuse concepts and question patterns from this topic — practising its previous year questions is the most reliable way to know exactly what to expect in your exam.
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