Latest CBSE Sample Papers for Class 12 Economics (Download) CBSE Sample Papers Class 12 Economics: Takshilalearning Online portal providing opportunity to solve Question paper class 12 Economics for “CBSE students”, So that they can prepare himself. SECTION A: INTRODUCTORY MICRO-ECONOMICS What is the relationship between average cost and average marginal cost when firm continues increasing its production? Suppose total revenue is rising at diminishing rate as more and more units of a commodity are sold, marginal revenue would be : (a) Greater than AR (c) Less than AR (b) Equal to AR (d) Rising A consumer having a monotonic preference is called “rational”. True / False. Give reason. Heterogeneous product is the characteristic of (a) Monopolistic Competition (b) Oligopoly (c) Perfect Competition (d) Both (a) and (b) There is an indefinite relation between price and demand for the product of a firm under : (a)
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