•
Technology remains unchanged
•
Resource are fully employed
•
No resource is equally efficient in production of all goods.
(Any 2)
(1)
Rest of the answer same as answer 4 but without the diagram.
13. No diagram required. Explanation is the same.
(Adjust the 1 mark for diagram in the explanation)
OR
No diagram required. (Adjust 1 mark for diagram in the explanation)
27. Meaning of multiplier
(2)
Working of multiplier
(4)
12