11th Standard Syllabus & Materials
11th Standard
TN 11th Tamil இயற்கை வேளாண்மை,சுற்றுச்சூழல் -செய்யுள் - மனோன்மணீயம் Important Questions And Answers Study Material - QB365 Set A
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TN 11th Tamil மொழி கலை -செய்யுள் - ஒவ்வொரு புல்லையும் Important Questions And Answers Study Material - QB365 Set A
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TN 11th Tamil பீடு பெற நில் - துணைப்பாடம் - வாடிவாசல் Important Questions And Answers Study Material - QB365 Set A
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TN 11th Tamil பீடு பெற நில் - செய்யுள் - குறுந்தொகை Important Questions And Answers Study Material - QB365 Set A

Published on: 10/06/2021
QB365 provides detailed and simple solution for every book back questions in class 11 Economics subject.It will helps to get more idea about question pattern in every book back questions with solution.
Download Tamil Nadu 11th Standard Economics question papers, model tests, one-mark questions, important questions, and public exam papers in PDF format. Free study materials and answer keys for TN State Board students.
Questions + Answers key
Take MCQ Economics Test1.
Given the demand function Pd = 25 - Q2 and the supply function ps = 2Q + 1. Assuming pure competition, find (a) consumers surplus and (b) producers surplus. (Pd = Demand price; Ps = Supply price)
2.
A manufacturer estimates that, when units of a commodity are produced each month the total costs will be TC(Q) = 128 + 60Q + 8Q2. Find the marginal cost, average cost, fixed cost, variable cost, average fixed cost and average variable cost.
3.
Find the solution of the system of equation
7x1 - x2 - x3 = 0
10x1 - 2x2 + x3 = 8
6x1 + 3x2 - 2x3 = 7
4.
Calculate the elasticity of demand for the demand schedule by using differential calculus method P = 60 - 0.2Q where price is (i) zero, (ii) Rs.20, (iii) Rs.40
1.
For market equilibrium, Pd = Ps
25 - Q2 = 2Q + 1
0 = 25 + Q2 + 2Q + 1
0 = -24 + Q2 + 2Q
Q2 + 2Q - 24 = 0
Q2 + 6Q - 4Q - 24 = 0
Q(Q + 6) - 4(Q + 6) = 0
(Q + 6)(Q - 4) = 0
So, Q = 4 or Q =-6. Since Q cannot be equal to -6,
Q = 4
When Q = 4, Pd = 25 - 42 = 9;
P2 = 2(4)+ 1 = 9
Consumer's surplus =\(\int _{ 0 }^{ 4 }{ (25-Q^{ 2 })dQ)dQ-(9\times 4) } \)
=\({ \left[ 25Q-\frac { Q^{ 3 } }{ 3 } \right] }_{ 0 }^{ 4 }\)-36
=\({ \left[ (25)(4)-\frac { 1 }{ 3 } (4)^{ 3 } \right] }\)-(0)-36
=\(\left[ 100-\frac { 64 }{ 3 } \right] \)-(0)- 36 = 42.67
Producer's surplus Ps
(Ps) = (9 x 4) - \(\int _{ 0 }^{ 4 }{ (2Q+1)dQ } \)
= 36 -\(\left[ (Q^{ 2 }+Q \right] _{ 0 }^{ 4 }\)
= 36 - (16 + 4) = 16
2.
Given that TC(Q) = 128 + 60Q + 8Q2
We know TC = Fixed cost + variable cost
MC (Q) =\(\frac { d(TC) }{ dQ } \)
= 0 + 60(1)Q1-1 + 8(2)Q2-1
= 0 + 60Q0 + 16Q1(Since, Q0= 1)
MC = 60 + 16Q
Average Cost =\(\frac { TC }{ dQ } \)
=\(\frac { 128+60Q+8Q^{ 2 } }{ Q } \)
AC = \(\frac { 128 }{ Q } \) + 60 + 8Q
Constant value is known as fixed cost
Fixed cost = 128
FC = 128
Average Fixed cost = \(\frac { 128 }{ Q } \)
AFC = \(\frac { 128 }{ Q } \)
Average Variable cost = 60 + 8Q (total variable cost divided by Q)
∴ AVC = 60 + 8Q
3.
The matrix form of the given equation is written as
\(\begin{bmatrix} 7 & -1 & -1 \\ 10 & -2 & +1 \\ 6 & 3 & -2 \end{bmatrix}\left[ \begin{matrix} { x }_{ 1 } \\ { x }_{ 2 } \\ { x }_{ 3 } \end{matrix} \right]\)\(=\begin{bmatrix} 0\\ 8\\ 7\\ \end{bmatrix}\)
\(\Delta\)=\(\begin{vmatrix} 7& -1& -1\\ 10& -2& +1\\ 6& 3& -2\\ \end{vmatrix}\)
=7(4-3)-(-1)(-20-6)+(-1)(30+12)
=7(1)+1(-26)-1(42)
=7 - 26 - 42 = - 61
\(\triangle \)x1 \(=\begin{bmatrix} 0 & -1 & -1 \\ 8 & -2 & +1 \\ 7 & 3 & -2 \end{bmatrix}\)
=0(4-3)-(-1)(-16-7)+(-1)(24+14)
=0+1(-23)-1(38)
=-23-38 = - 61
\(\Delta x_2=\begin{vmatrix} 7& 0& -1\\ 10& 8& 1\\ 6& 7& -2\\ \end{vmatrix}\)
=7(-16 - 7) - (0)(-20 - 6)+(-1)(70 - 48)
=7(-23)+0 - 1 (22)
=-161 - 22 = -183
\(\triangle \)x3 \(=\begin{bmatrix} 7 & -1 & 0 \\ 10 & -2 & 8 \\ 6 &3 & 7 \end{bmatrix}\)
=7(-14-24)-(-1)(70-48)+0(30+12)
=7(-38)+1(22)+0(42)
=-266+22+0
\(\triangle \)x1 = - 244
\(x_{1}=\frac{\Delta x_{1}}{\Delta}=\frac{-61}{-61}=1\)
\(x_{2}=\frac{\Delta x_{2}}{\Delta}=\frac{-183}{-61}=3\)
\(x_{3}=\frac{\Delta x_{3}}{\Delta}=\frac{-244}{-61}=4\)
4.
i) zero
\(\mathrm{P} =60-0.2 \mathrm{Q}
\)
\(0 =60-0.2 \mathrm{Q}
\)
\(0.2 \mathrm{Q} =60
\)
\(\mathrm{Q} =\frac{60}{0.2}=\frac{600}{2}=300\)
ii) Rs. 20
\(\mathrm{P} =60-0.2 \mathrm{Q}
\)
\(20 =60-0.2 \mathrm{Q}
\)
\(0.2 \mathrm{Q} =60-20=40 ; \quad \mathrm{Q}=\frac{40}{0.2}=\frac{400}{2}=200\)
iii) Rs. 40
\(\mathrm{P} =60-0.2 \mathrm{Q}
\)
\(40 =60-0.2 \mathrm{Q}
\)
\(0.2 \mathrm{Q} =60-40
\)
\(\mathrm{Q} =\frac{20}{0.2}=\frac{200}{2}=100\)
11th Standard Syllabus & Materials
11th Standard
TN 11th Tamil பீடு பெற நில் - செய்யுள் - காவடிச்சிந்து Important Questions And Answers Study Material - QB365 Set A
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