Balbharati solutions for Economics HSC 12th Standard Maharashtra State Board Chapter 4: - Supply Analysis solution
Chapter 4: Supply Analysis
Q.1. Complete the following statement
Q.4. Distinguish between:
2. Expansion of Supply and Increase in Supply
3. Contraction of Supply and Decrease in Supply
4. Average revenue and Average cost.
Q.5. Observe the following table and answer the
question:
(A) Supply schedule of chocolates:
1. Complete the above supply schedule.
2. State the relationship between price and quantity supplied.
3. Draw a diagram for the above supply schedule.
(B) Observe the market supply schedule of potatoes and answer the following question:
Draw the market supply curve from the schedule and explain it.
Q.6. Answer the following question:
1. Explain the concept of total cost and total revenue.
2. What are the determinants of supply?
Q.7. Answer in detail: