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The economic value of good or services is called price.
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Briefly discuss Rent with the help of example?
Remuneration for land (a factor of production) is called rent.
Briefly discuss Profit with the help of example?
The positive difference between revenues and cost is called profit and is claimed by the entrepreneur.
Briefly discuss Demand with the help of example?
Demand is a schedule which shows the various amounts of product consumers are willing and able to purchase at each price in a series of possible prices during a specified period of time.
Briefly discuss Free Goods with the help of example?
A free good have the following characteristics; 1. material 2. useful 3. transferable ie it takes the factor " Scarcity" for example Air and sunshine etc
Why Profit Maximisation is the main objective of a firm Discuss this statement with the help of an example?
1. Profit Maximisation is the main objective of a firm" Discuss this statement with the help of an example.
Briefly discuss Rent with the help of example?
Remuneration for land (a factor of production) is called rent.
Briefly discuss Wages with the help of example?
Payments for the applications of human efforts for the production of goods and services is termed as wages.
Briefly discuss Profit with the help of example?
The positive difference between revenues and cost is called profit and is claimed by the entrepreneur.
Briefly discuss Demand with the help of example?
Demand is a schedule which shows the various amounts of product consumers are willing and able to purchase at each price in a series of possible prices during a specified period of time.
Briefly discuss Interest with the help of example?
Payments for those goods which are used to produce other goods are called interest ie payments (remuneration) or capital.
Briefly discuss Value with the help of example?
In economics value means value in exchange ie value of a commodity is the amount of other goods and services which is obtained in exchange for it.
Briefly discuss Economic Goods with the help of example?
To be an economic good an object must be: 1. material 2. useful 3. scarce 4. transferable for example shoes, pencils, mangoes, etc
Briefly discuss Free Goods with the help of example?
A free good have the following characteristics; 1. material 2. useful 3. transferable ie it takes the factor " Scarcity" for example Air and sunshine etc
Why Profit Maximisation is the main objective of a firm Discuss this statement with the help of an example?
1. Profit Maximisation is the main objective of a firm" Discuss this statement with the help of an example.
The Equi-Marginal Principle can be applied to both consumption as well as production Discuss this statement with the help of an example?
The Equi-Marginal Principle can be applied to both consumption as well as production Discuss this statement with the help of an example?
Discuss the ATAR model for a new product forecasting with the help of suitable example?
No, but can you.
What are resource allocation name graphs?
What are the dominate method of resource allocation?Discuss with the help of example?
