# CBSE Class 11 Economics Worksheet Set J Solved

Download printable Economics Class 11 Worksheets in pdf format, CBSE Class 11 Economics Worksheet Set J Solved 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

## Economics Worksheet for Class 11

Class 11 Economics students should refer to the following printable worksheet in Pdf 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 Pdf

PART A

1. Define revenue

2. Draw a supply curve with price elasticity is zero.

3. Expansion of supply is due to: (choose the correct answer)

(i) Improvement in technology of production
(ii) Reduction in unit tax by the government
(iii) Decrease in prices of input
(iv) Increase price of the good

4. How is supply of a good in influenced y changes in technology of production? Explain using diagram

5. Consider the following revenue and cost schedule of a firm. Find equilibrium level of output by the using Marginal Revenue and Marginal Cost. Why is it equilibrium? Also find profit at this level of output. Market price is Rs.8 per unit which is constant. PART B

6. Define Quartiles

7. When Mode is ill-defined it can be calculated using the formula:

(i) Mode = 3 median – 2 mean
(ii) Mode = 3 mean – 2 median
(iii) Mode = 2 median – mean
(iv) Mode = (median + Mean)/2

8. State one demerit of Mode

9. Calculate lower quartile and upper quartile from the following values
Values: 22 35 30 20 32 29 25 34 27 24 23

10. Locate mode on a graph and verify the result using formula VALUE POINTS

1. Amount received from the sale of output

2. 3. iv. Increase price of the good

4. Improvement in technology, new method of production and organizational improvement will reduce marginal cost of production. More can be produced and supplied at the marginal cost. MC falls. Supply curve shifts to right supply increases. 5. Consider the following revenue and cost schedule of a firm. Find equilibrium level of output by the using Marginal Revenue and Marginal Cost. Why is it equilibrium? Also find profit at this level of output. Market price is Rs.8 per unit which is constant. Firm is at equilibrium when it makes maximum profits
Two Conditions
MC=MR at profit max. output
MC must be non-diminishing at profit max. output
At unit 4, MC=MR and MC is increasing. Profit is maximum and constant. Firm is at equilibrium

PART B

6. Quartiles are values that divide an arranged series in to four equal parts.

7. (i) Mode = 3 median – 2 mean

8. Mode is not suitable forfurther statistical studies (any one demerit)

9. Arrange the values

20, 22, 23, 24, 25, 27, 29, 30, 32, 34, 35
Q1= (N+1)/4 thitrem, (11+1)/4, 3rd item. Q1=23
Q3= 3(N+1) /4 th item = 3(11+1) /4 =9th item. Q3 = 32

10. Locate mode on a graph and verify the result using formula Model class="25-30"
Mode = l +(fm-f1)/2fm-f1-f2 x h
= 25 + (90-50)/2x90-50-70 x 5
= 25 + 40/50 x 5
= 29
Histogram and location

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