Download printable Economics Class 11 Worksheets in pdf format, CBSE Class 11 Economics Indefference Curve Analysis Worksheet has been prepared as per the latest syllabus and exam pattern issued by CBSE, NCERT and KVS. Also download free pdf Economics Class 11 Assignments and practice them daily to get better marks in tests and exams for Grade 11. Free chapter wise worksheets with answers have been designed by Standard 11 teachers as per latest examination pattern
Indifference Curve Analysis Class 11 Economics Worksheet Pdf
Class 11 Economics students should refer to the following printable worksheet in Pdf for Indifference Curve Analysis in Grade 11. This test paper with questions and solutions for Standard 11 Economics will be very useful for tests and exams and help you to score better marks
Class 11 Economics Worksheet for Indifference Curve Analysis
INDEFFERENCE CURVE ANALYSIS
I. Answer in one sentence or in one word
a. An indifference curve shows:
A. The amount of money that consumer has to spend on two goods.
B. The different levels of utilities that consumer can get from the consumption of different units of two goods.
C. The maximum quantity of two goods that the economy can produce with given level of technology and a given resources.
D. Different combination of two goods that consumer can purchase that gives same level of utility.
b. Define a consumption bundle.
c. Slope of indifference curve indicates:
A. Marginal Rate of transformation B. Marginal Utility
C. Marginal Rate of substitution D. Opportunity Cost
d. What does a consumption bundle on the budget line indicate?
e. What happens to the slope of the budget line if price of good2 increases?
II. Answer in around 60 words.
a. Define an indifference curve. Explain with a diagram.
b. What are the properties of an indifference curve? State the reason behind each property.
c. What is an indifference map? What does it signify?
d. A consumer has Rs. 20 to spend on two goods, good1 and good2. Price of both the goods is Rs. 4 per unit. Derive all the consumption bundles if the goods are available only in integer units. Among the consumption bundles identify the consumption bundles that lie on the budget line.
III. Answer in around 75 words.
a. Derive to prove the slope of the budget line is price ratio of the two goods.
b. Explain the logic behind the theory of optimum choice of the consumer.
c. Consider the following diagram.
MN is the budget line and IC is the indifference curve of the consumer. If the consumer is at the point B on the indifference curve, What adjustment will take place so that consumer gets maximum satisfaction. Explain in terms of price ratio of the two goods and marginal rate of substitution.
IV. Answer in around 100 words.
a. Explain the theory of optimum choice of the consumer with suitable diagram.
b. Define a budget line. What are the causes of shift in budget line? Explain with diagrams.
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