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Define an indifference curve.
Concept: Indifference Curve
Distinguish between final goods and intermediate goods. Give an example of each.
Concept: Basic Concepts - Intermediate Goods
The measure of price elasticity of demand of a normal good carries minus sign while price elasticity of supply carries plus sign. Explain why?
Concept: Elasticity of Demand
Giving reason explain how should the following be treated in the estimation of national income:
Payment of corporate tax by a firm
Concept: Concept of National Income
Explain the ‘unit of accounts’ function of money. How has it solved the related problem created by barter?
Concept: Functions of Money > Primary Function
Answer the following question.
Why are the firms said to be interdependent in an oligopoly market? Explain.
Concept: Features of Oligopoly
Explain the implications of the following in a perfectly competitive market:
Freedom of entry and exit to firms
Concept: Forms of Market
Define aggregate supply?
Concept: Concept of Aggregate Demand and Aggregate Supply
Distinguish between 'Dissolution of Partnership' and 'Dissolution of Partnership Firm on the basis of 'Economic Relationship'.
Concept: Dissolution of Partnership Firm
Distinguish between 'Dissolution of Partnership' and 'Dissolution of Partnership Firm on the basis of 'Economic Relationship'.
Concept: Dissolution of Partnership Firm
Give the meaning of forfeiture of shares
Concept: Accounting Treatment of Forfeiture and Re-issue of Share
Distinguish between 'Dissolution of Partnership' and 'Dissolution of Partnership Firm on the basis of 'Economic Relationship'.
Concept: Dissolution of Partnership Firm
Give the meaning of forfeiture of shares
Concept: Accounting Treatment of Forfeiture and Re-issue of Share
Write short notes on Importance of financial planning
Concept: Importance of Financial Planning
Explain the following function of marketing:
Marketing planning
Concept: Marketing Functions
Explain the following function of marketing:
Product designing and development
Concept: Marketing Functions
Answer the following question:
Explain briefly any two points of importance of consumer protection from the point of view of the business.
Concept: Concept of Consumer Protection
Given the meaning of market demand.
Concept: Market Demand
What is the behaviour of average fixed cost as output is increased? Why is it so?
Concept: Cost - Average Fixed Cost
What are demand deposits?
Concept: Currency Held by the Public and Net Demand Deposits Held by Commercial Banks