The best example of diminishing marginal utility can be food, as at the time of starvation food provides satisfaction from hunger. But, if we... View Article
Marginal utility can be calculated using the formula Marginal utility = Change in number of units consumed / change in total quantity. = (TUf... View Article
Marginal utility is referred to the satisfaction or enjoyment that is gained from each additional item and an example can be illustrated as... View Article
I disagree with this statement that marginal and total utility are the same. The following is an explanation for the same: Total utility and... View Article
When marginal utility is negative, then with additional input there will be a reduction in the total utility since total utility is the sum of... View Article
A) Supplies B) Land C) Accounts Receivable D) Prepaid Insurance Answer: B. Land Land is regarded as a fixed asset or non-current asset in... View Article
Some of the examples of partnerships in business are as follows Red Bull and GoPro Hindustan Petroleum Renault India Maruti Suzuki Also... View Article
The first company act was implemented in the year 1956, it was known as The Companies Act, 1956. Also read: Kinds of Companies Share Capital... View Article
The Companies Act, 2013 was passed in the parliament on 29th August 2013. This act consolidated and amended the laws about companies. Also read:... View Article
According to the Companies Act, 2013, the minimum number of members required to form a partnership business is 2 while the maximum number of... View Article
a) Poor performance of public sector b) Inflation c) Surplus of Balance of Payment d) The huge burden of debt Answer: c. Surplus of Balance... View Article
The following are the features of partnership: Profit sharing Association of two or more individuals. Contractual relationship Unlimited... View Article
a) Entertainment tax b) VAT c) Income Tax d) Sales tax Answer: c. Income tax Income tax is regarded as a direct tax as it is being charged... View Article
No, bonds are regarded as capital market instruments. Also read: Money Market Vs Capital Market MCQs on Capital Market Learn about more... View Article
