Question
Ind AS 7 deals with which of the following:
Solution
Ind AS 7 deals with the "Statement of Cash Flows." This standard outlines the requirements for presenting information about an entity's historical cash flows from operating, investing, and financing activities. It provides insights into an entity's ability to generate cash and its cash and cash equivalent needs.
A high value of cross-elasticity indicates that the two commodities are
Movement along a demand curve as a result of change in price is known asÂ
Which one of the following is not the function of a managerial economist?
If the firms under perfect competition have different costs, abnormal profits can be earned in the long run only by
Information for pricing decision involves
Under perfect competition, the long-run equilibrium of the firm is established at
The statement, "The elasticity of demand may be defined as the percentage change in quantity demanded which would result from 1 percent change in price"...
Statement “Price is the amount of money and/or other item with utility needed to acquire a product" is given byÂ
When price elasticity of demand is unity, the total expenditure:
Concept of 'Consumer's Surplus' was evolved by
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