Question
What will Rs. 40,000 amounts to in 3 years at the rate
of 20% p.a., if interest is compounded yearly?Solution
A =P(1+r/100) n =40000(1+20/100)3 =40000×6/5 ×6/5×6/5 =320×216 =69120.
Selling through DSA reduces:
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"...
Diamond-water paradox establishes the fact that
Elasticity of demand measures the
Under perfect competition, the long-run equilibrium of the firm is established at
When AR is constant, MR is
A movement along a demand curve indicates that a different quantity is being demanded
This movement is due to
Statement “Price is the amount of money and/or other item with utility needed to acquire a product" is given byÂ
Cross-selling means:
From the resource allocation point of view, perfect competition is preferable becauseÂ