List of top Economics Questions on Microeconomics asked in UP Board XII

What is an isoquant curve? Use isoquant curves to demonstrate producer's equilibrium.
What do you understand by cost? Define Total Cost, Average Cost and Marginal Cost with diagram.
What do you understand by law of variable proportion?
What do you understand by Micro-Economics?
A production function expresses the relationship between:
Options:

When the price of a commodity declines from Rs. 15 per unit to Rs. 10 per unit, its demand increases from 40 units to 50 units. Calculate elasticity of demand. 
 

What do you mean by Perfect Competition? Discuss its salient features.
Explain Fixed cost, Variable cost and Total cost.
What do you mean by Revenue?
What is meant by the word 'Market'?
What is meant by Average Production?
When marginal production increases, then total production increases at which rate?
"What ought to be?" is a subject matter of
How many factors of production are there in modern age?
What do you understand by Average Cost (AC) and Marginal Cost (MC)? Explain the mutual relation between these curves.
Clarify the difference between Short Period and Long Period in production.
Discuss the equilibrium of a firm under perfect competition in the long run.
Explain Production Function.
State the assumptions of Perfect Competition.
Which of the following determine the price under perfect competition?
Demand curve shows the relationship between:
Which of the following curves is shaped like a Rectangular Hyperbola?
Returns to Scale is related with:
Explain the concepts of 'total fixed cost', 'total variable cost', and 'total cost'.
Describe the characteristics of a 'Perfectly Competitive Market'.