Class 12 Economics Theories of Price and Output Determination Notes and Important Questions
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Notes for Class 12 Theories of Price and Output Determination (Economics) are shown above.
Practice
Important Questions
Illustrate the price and output determination process under perfect competition and show the situations of short-run equilibrium of the firm by MR-MC approach.
Describe the short-run equilibrium under perfect competition with diagram.
If the total revenue of a firm is TR = 7Q² − 8Q + 30 and total cost is TC = 6Q² − 10Q + 20, then find the total profit.
If total revenue of a firm is Rs. 5,000 and total cost is Rs. 4,200, then find the total profit using formula.
The demand function and cost function of a monopoly firm are and . Find MR and MC functions and calculate price and output that maximizes profit.
Let cost function TC = Q² + 8Q + 4 and demand function P = 20 − Q. Find output and price at equilibrium level.
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Exam
Past Question Analysis
Historical exam-pattern data from past NEB question papers — not a prediction of future questions.
7
Question Items
20
Total Marks
4
Papers Appeared In
| Year | Question Items | Marks |
|---|---|---|
| 2083 | 2 | 8 |
| 2082 | 1 | — |
| 2081 | 2 | 6 |
| 2080 | 2 | 6 |
Also appears in 1 model question (not counted above — model sets aren't actual NEB exam history).
This page covers Theories of Price and Output Determination, chapter 4 of 14 in the Class 12 Economics syllabus set by the National Examination Board (NEB). 8 important questions for this chapter are available, each with a full solution.
For subjects like this one, examiners tend to reuse similar question patterns year to year — comparing this chapter's important questions against recent old NEB papers is one of the more efficient ways to revise.