SAMPLE PAPER I

ECONOMICS
Class : XII A,B,C & D M.M : 25
Answer the following questions:
1. Define opportunity cost
(1)
2. Define individual supply curve .

(1)
3. Explain the concept of PPC with the help of an example.

(3)

4. Explain the relation between TC and MC curves.

(3)

5. Explain any three factors that can cause supply curve to shift rightward.

(3)

6. Draw ATC, AVC and MC in one diagram. Why ATC is ‘dish-shaped’ curve.
(4)
7. Define price elasticity of demand. How do the following factors affect
Elasticity of demand:
a. No. of uses of a good
b. Income of the consumer
c. Nature of good.

(4)

8. Explain the law of variable proportions with the help of a diagram.

(6)
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 SAMPLE PAPER II
ECONOMICS
Class : XII A,B,C & D M.M : 25
Answer the following questions:
1. Draw supply curves with Es>1 and Es=1.
(1)
2. What is the value of MC when AC is equal to it.

(1)
3. Define AP, MP and TP. Explain the relation between MP and TP.

(3)

4. What happens to PPC when:

a. Resources grow.
b. Resources deplete due to natural disasters.
c. Resources are underutilized.

(3)

5. Price elasticity of demand is (-)1. At a given price the consumer buys 60 units of
the good. How many units will he buy if price falls by 10%.
(3)

6. Show the behavior of AC when AVC per unit of output is constant.

(4)
7. Explain ‘movement along the supply curve’.

(4)

8. Draw a demand curve touching both the axis. Show different types of elasticities
at different points on it and compare them. (6)
 SAMPLE PAPER III
ECONOMICS
Class : XII A,B,C & D M.M : 25
Answer the following questions:
1. Define unitary elastic demand.
(1)
2. When do suppliers supply more quantity at a given price.

(1)
3. Draw ATC, AVC and MC in one diagram. Can ATC rise when MC is falling.
Give reasons. (3)

4. Differentiate between ‘increasing and decreasing returns’ to a factor.

(3)

5. Distinguish between ‘movement along the supply curve’ and ‘shift in supply’.

(3)

6. Explain the concept of MOC with the help of an example.

(4)
7. A firm’s AVC and ATC at 2nd level of output is Rs.40 and Rs.60 respectively.
On the basis of given information complete the following table:

Units MC AVC TC
of
output
1 60 - -
2 20 - -
3 10 - -
4 20 - -

(4)
8. State whether the following statements are true of false. Give reasons:
a. MOC decreases along PPC.
b. TP cannot rise when MP is falling.
c. AC is maximum when MC is zero
d. If with the increase in price of X, the demand for Y increases then the
two goods are substitutes.
e. The distance between TC and TFC falls because of falling value of
AFC.
f. AP and MP are equal at the maximum point of MP curve.
(1*6=6)
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