Question
What is the difference between the number of cars sold
on June and number of unsold cars on August? Read the following information below and the answer the given questions: The table given below shows the total number of cars manufactured by company ‘XYZ’ on five different months and the percentage of cars sold out of the total cars manufactured on that month. Note: (i) Total cars unsold in any given month are available for sell in next month. (ii) Total unsold cars on April is 20.Solution
Required difference = 182 – 36 = 146
Break-even analysis can also be termed as
When price elasticity of demand is unity, the total expenditure:
Economics of scale means
OPEC is an example ofÂ
Pricing decision includes
Under perfect competition, the long-run equilibrium of the firm is established at
When AR is constant, MR is
Statement “Price is the amount of money and/or other item with utility needed to acquire a product" is given byÂ
Who introduced the concept of elasticity of demand?
A movement along a demand curve indicates that a different quantity is being demanded
This movement is due to