Question
When the price of a commodity decreases, and its demand
curve forms a rectangular hyperbola, what happens to the total expenditure on that commodity?Solution
This is because when the demand curve is a rectangular hyperbola, the price elasticity of demand is equal to one (unit elastic). Therefore, a decrease in price is exactly offset by an increase in quantity demanded, leaving total expenditure unchanged.
Calculate the asset turnover from the above information.
A Management Information System (MIS) is an integrated user-machine system for providing information to support decision making functions in an organisa...
A company manufactures a single product for which cost and selling price data are as follows:
Selling price per unit - Rs. 12
Variable cos...
As per IRACP norms, i n case of a loan other than revolving facility, SMA-0 is defined as which of the following?
Consider the following statement:
I. Highest surcharge rate on income above 5 crore to be reduced from 37% to 30% under new regime
II. E...
For the small finance banks, ____________ of the Adjusted Net Bank Credit should be towards the priority sectors as identified by the RBI.
Consider the following statement about Capital Budget:
I. Capital Receipts
II. Capital Payments
III. Capital Spending
Whi...
What is the prescribed risk weight for calculating the regulatory capital corresponding to the assets covering public private partnership (PPP) and pos...
Group of employees trained in problem solving methods that meet regularly to resolve work environment, productivity, and quality control concerns to dev...
Financial position of the business is ascertained on the basis of
