Homework of economics for grade XII management for 30 Nov.
For all A,B, C and D Groups
1. Why is Ac curve is always U shaped in the short run?
2. Explain the types of banks.
For group A
3. Explain the concept of Total Revenue
4. Define Marginal Cost .
For group B
1 . Explain the concept of Marginal Revenue.
2 . Define Average cost .
For group C
1.Explain the concept of Average Revenue .
2.Define Total cost .
For group D [ sec A ] 1. What is open economy .
2. . Explain the concept of TC
3. Explain the concept of National Income .
For group D [sec B]
1. Derive Macro economics .
2. Explain the concept of MC
3. Explain the conept of Personal Income .
For group D [sec C ]
1 Explain the closed economy .
2. Explain the concept of AC .
3. Explain the Concept of Per Capita Income .
Revised again for all groups
1. Explain the equilibrium of a firm by TR TC approach Under perfect competition.
Note: Compulsory for all.