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How is the price determined in a perfectly competitive market with a fixed number of firms?

In a perfectly competitive market with a fixed number of firms, the firms are operating in the short run and the equilibrium price is determined... View Article

When do we say there is excess supply for a commodity in the market?

It can be said that there is an excess supply of a commodity in the market when the supply of a commodity exceeds the demand for that commodity... View Article

Gross profit is

A) Cost of goods sold + Opening stock B) Sales – cost of goods sold C) Sales – Purchases D) Net profit – expenses Answer: B) Sales – cost of... View Article

Nominal share capital is

(A) That part of authorised capital which is issued by the company. (B) The amount of capital which is actually applied by prospective... View Article

Define an indirect tax

Indirect tax is referred to as a kind of tax in which the burden of the tax can be transferred to another person. Indirect taxes are levied on... View Article

Explain any four points of importance of consumer protection from the business point of view

Businesses must not only be thinking of profit maximisation but also ways to provide importance to customer protection and their satisfaction.... View Article

How do debt and equity differ in the costs and risks involved? Explain

Debt and equity are the two major sources of capital for the business. But, these two are different from each other. Both have their set of... View Article

How is planning a pervasive function of management? Explain

Planning is a management function that is required in every area of management. It is not restricted to only the top management, it is required... View Article

What is an example of equity investment?

An example of equity investment is investing in the shares of a publicly-traded company. Also read: Difference Between Savings and Investment... View Article

What is the full form of the IMF?

IMF stands for International Monetary Fund, it is an international organisation that works towards improving monetary cooperation, promoting... View Article

How is equity calculated?

In accountancy, equity is defined as the amount invested by the owner of the company or business. Equity is calculated by subtracting... View Article

Is cash an asset?

Cash is regarded as a current asset for the business, since it is highly liquid in nature. It can be used for purchasing other assets required... View Article

Is debt an asset?

Debt is regarded as a liability that a business accumulates during the course of running its operations. Also read: What Are Current Assets... View Article

Public expenditure can be unplanned only

(a) Insufficient information (b) True (c) Can’t say (d) False Answer: d. False Public expenditure can be planned expenditure also, such... View Article

Find ∫sin⁴x dx.

∫ sin4x dx = ∫ (sin2x)2 dx = ∫ [(1 − cos 2x)/2]2 dx = (1/4) ∫ (1 − cos 2x)2 dx = (1/4) ∫ (1 − 2 cos 2x +... View Article

Cyclohexanol is a

(a) Primary alcohol(b) Secondary alcohol(c) Tertiary alcohol(d) PhenolCorrect option: (b) Secondary alcoholCyclohexanol is a secondary alcohol.... View Article

The ovary is half inferior in flowers of

(a) Cotton(b) Plum(c) Brinjal(d) CucumberCorrect option: (b) PlumThe ovary is half inferior in flowers of Plum.... View Article

The value of gas constant R (in cal/mol-K) for hydrogen is

(a) 1/2(b) 2(c) 4(d) 1Correct option: (b) 2The value of gas constant R (in cal/mol-K) for hydrogen is 1.987, i.e. approximately 2.... View Article

What should be the characteristic of fuse wire?

(a) High melting point, high specific resistance(b) High melting point, low specific resistance(c) Low melting point, low specific resistance(d)... View Article

How many kilograms are there in one metric ton?

1000 kilograms are there in one metric ton.Therefore, 1 metric ton = 1000 kilograms... View Article

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