Question
Among E, G, H, I, J and K, who is second to the left of
G if all are sitting around a circular table facing the centre. I. J sits third to left of G, who is not an immediate neighbour of K. H is second to the left of K. II. I sits opposite to J and is the immediate neighbour of K and E. H is sitting immediate right of E. Each of the questions below consists of a question and two statements numbered I and II are given below. You have to decide whether the data provided in the statements are sufficient to answer the question. Read both the statements and –Solution
From I, K is sitting second to the left of G. From II,
H is sitting second to the left of G.
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