Question
What is the minimum period of continuous service
required for an employee to become eligible for gratuity under the Payment of Gratuity Act 1972?Solution
Gratuity is a lump sum payment made to employees as a token of appreciation for their services rendered to the organization. The Act applies to every factory, mine, oilfield, plantation, port, railways, company, or shop employing ten or more persons.
Concept of 'Consumer's Surplus' was evolved by
Market with one buyer and one seller is called
Under perfect competition, the long-run equilibrium of the firm is established at
The reasons for L-shaped long run average cost curve is/are
Pricing decision includes
Market demand for any good is a function of the
The goods whose demand is not tied with the demand for some other goods are said to have
Which one of the following is not the function of a managerial economist?
When AR is constant, MR is
When price elasticity of demand is unity, the total expenditure:
Relevant for Exams:
