Agriculture marketing does not comprise …………….… (Choose the correct alternative)
a) Transportation of the produce to the marketplace for sale. b) Grading of the produce according to the quality. c)... View Article
Latest Posts
What Is the Shape of the Marginal Utility Curve?
The marginal utility refers to the additional utility (satisfaction or enjoyment) that is received from the consumption of an additional... View Article
Which of the Following Economic Reforms Were Taken Up by the Government Under Liberalisation During the New Economic Reform Era?
(a) Industrial sector reform (b) Tax reform (c) Financial sector reform (d) All of the above Answer: d. All of... View Article
What Are the Assumptions of the Law of Diminishing Marginal Utility?
Following are the assumptions of the law of diminishing marginal utility: The quality of the successive units of goods should... View Article
What Is the Relationship Between Total Utility and Marginal Utility?
Total utility is the aggregate of all the utility that is derived from the consumption of all units of the... View Article
What Is the Concept of Diminishing Marginal Utility?
The law of diminishing marginal utility states that the marginal utility of a product or service gradually decreases with an... View Article
How Do I Calculate Marginal Product?
Marginal product can be calculated using the following formula: Marginal Product = (Qn – Qn-1) / (Ln – Ln-1) Where,... View Article
What Is the Best Example of Diminishing Marginal Utility?
The best example of diminishing marginal utility can be food, as at the time of starvation food provides satisfaction from... View Article
What Are the Types of Marginal Utility?
The types of marginal utility can be enumerated as follows: Positive marginal utility Zero marginal utility Negative marginal utility Also... View Article
How Do I Calculate Marginal Utility?
Marginal utility can be calculated using the formula Marginal utility = Change in number of units consumed / change in... View Article
What Is a Marginal Utility Example?
Marginal utility is referred to the satisfaction or enjoyment that is gained from each additional item and an example can... View Article
Explain the Relationship Between TU and MU
The relationship between TU (total utility) and MU (marginal utility) can be discussed as follows: As long as MU (marginal... View Article
State With Reason Whether You Agree or Disagree
I disagree with this statement that marginal and total utility are the same. The following is an explanation for the... View Article
When Marginal Utility Is Negative, Total Utility Is?
When marginal utility is negative, then with additional input there will be a reduction in the total utility since total... View Article
Which of the Following Is Not a Current Asset?
A) Supplies B) Land C) Accounts Receivable D) Prepaid Insurance Answer: B. Land Land is regarded as a fixed asset... View Article
What Are Some Examples of Partnership Businesses?
Some of the examples of partnerships in business are as follows Red Bull and GoPro Hindustan Petroleum Renault India Maruti... View Article
In Which Year Was the First Company Act Implemented in India?
The first company act was implemented in the year 1956, it was known as The Companies Act, 1956. Also read:... View Article
When Was the Latest Companies Act Passed by the Government?
The Companies Act, 2013 was passed in the parliament on 29th August 2013. This act consolidated and amended the laws... View Article
How Many Partners Are There in a Partnership?
According to the Companies Act, 2013, the minimum number of members required to form a partnership business is 2 while... View Article
Find Out Which Is Not the Correct Reason for the Need for Economic Reforms in India
a) Poor performance of public sector b) Inflation c) Surplus of Balance of Payment d) The huge burden of debt... View Article
