NCERT Solutions for Class 12 Economics Chapter 3 – Production and Costs
Page No 49: Question 1: Explain the concept of a production function. Answer: The production function of a firm depicts the relationship between the inputs …
Page No 49: Question 1: Explain the concept of a production function. Answer: The production function of a firm depicts the relationship between the inputs …
Page No 34: Question 1: What do you mean by the budget set of a consumer? Answer: It refers to the set of consumption bundles …
Page No 7: Question 1: Discuss the central problems of an economy. Answer: Every economy faces three central problems due to scarce availability of resources. …
Page No 538: Question 1: Given that E and F are events such that P(E) = 0.6, P(F) = 0.3 and P(E ∩ F) = …
Page No 513: Question 1: Maximise Z = 3x + 4y Subject to the constraints: Answer: The feasible region determined by the constraints, x + y ≤ 4, x ≥ 0, y ≥ 0, …
Page No 467: Question 1: If a line makes angles 90°, 135°, 45° with x, y and z-axes respectively, find its direction cosines. Answer: Let direction cosines of the …
Page No 428: Question 1: Represent graphically a displacement of 40 km, 30° east of north. Answer: Here, vector represents the displacement of 40 km, 30° …