Economics (030) Class Xii (2014-15) Worksheet Page 2
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21Section A: Microeconomics
1. The total cost at 5 units of output is Rs 30. The fixed cost is Rs 5. The average variable
cost at 5 units of output is:
(1)
a)
Rs 25
b)
Rs 6
c)
Rs 5
d)
Re 1
2. What policy initiatives can the government undertake to increase the demand of milk
in the country? Mention any one.
(1)
3. Which of the shaded area in the diagrams below represent total utility?
(1)
(a)
(b)
(c)
(d)
For blind candidates:
What does the area under the marginal utility curve depict?
a) Average Utility
b)
Total Utility
c) Indifference Curve
d)
Consumer equilibrium
4. Using a diagram explain what will happen to the PPC of Bihar if the river Kosi causes
widespread floods?
(3)
For blind candidates:
State two assumptions of a PPC. Explain what will happen to the PPC of the Bihar if the
river Kosi causes widespread floods.
5. State the central problems of an economy.
(3)
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