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Consumers surplus
Economics
answered on 17-Dec-23 08:02
A rise in price of a good_____ the consumers surplus A. Increase B. Decrease C. Remain constant
latest answer
B. Decrease When the price of a good rises, the consumer surplus decreases. Consumer surplus is nothing's But , what consumers are willing to pay for a good and what they actually pay
Devi sri K
CA Foundation
★ 7K+
2
256
Theory of demand
Economics
answered on 19-Jan-24 17:35
The answer is infinity. Please explain.
latest answer
For a straight-line demand curve, the price elasticity of demand changes at different points along the curve. At the point where the demand curve meets the y-axis, the price is at its maximum and the quantity demanded is zero. At this point, no matter how much the price changes, the quantity demanded remains zero.
Satya balaji
CA Foundation
★ 19K+
2
265
Theory of demand
Economics
answered on 16-Dec-23 05:14
Which of the following is the exception to the law of demand: (a) Speculative goods (b) Conspicuous necessities (c) Future expectation about prices (d) Income effect
latest answer
Thank you
Devi sri K
CA Foundation
★ 7K+
2
273
Theory of Consumer Behaviour
Economics
answered on 19-Jan-24 13:07
Can any one explain how marginal utility of 3rd unit is 280?
latest answer
Its an error.
Sai Ganesh
CA Inter
★ 8K+
2
291
How Can I Get 90+ In CA Foundation Business Economics & BCK Dec 2023
Economics
answered on 08-Dec-23 09:31
I have done ICAI Module. Is it enough to get 90+ marks in ECO & BCK
latest answer
Yeah completing the Icai module is a significant step.... in order to secure the 90+ desired marks you need an through revision ,practice, time constraints, and deep understanding of Significant topics... You can score well ✨👍
Yadu Nath
CA Foundation
★ 320
3
269
MCQ question
Economics
answered on 27-Nov-23 11:03
Please answer the MCQS correctly
latest answer
You share you answer and specific queries
Aakash Raavi
CMA Inter
★ 320
2
282
Doubt
Economics
answered on 21-Nov-23 13:52
Sir i am writing CA-Foundation in June-2024 for Economics all newly added syllabus from chapter-6 to chapter-10 is it fully MCQ based or practical problems also will be their ?
latest answer
Thankyou sir
Lokesh KH
CA Foundation
★ 1K+
2
240
Price determination in various markets
Economics
answered on 20-Nov-23 11:40
When the firm is in the long run equilibrium in perfect competition which is true A. AC=MR B. TR=TC C. The firm earning super normal profit D. None of these
latest answer
Understood tq
Devi sri K
CA Foundation
★ 7K+
2
219
rates
Economics
answered on 17-Nov-23 14:21
Is this rates changed or the same rate applicable for nov23
latest answer
Unless they mention some other rate in the Q, you can use these
Kaleesh Waran B
CA Inter
★ 0
1
213
Prices
Economics
answered on 15-Nov-23 20:17
What is the difference between List price, marked price, MRP, selling price and cost price?
latest answer
Cost is cost of manufacturing without adding any margin - i manufacuture say a toothpaste at Rs.50 MRP is the price that is printed on the product - eventual price under no circumstances can be greater than this - MRP of tooth paste is 100 List price is price i list on my website or my catalogue - price of toothpaste on my website is 90 . Seller shows 100 as MRP strike it out ( like what we do on our website) Selling price is final price at which i sell, after discounts on list price - 90 - 10% = 81 Selling price is final sale price List
Nidhi S
CA Inter
★ 4K+
1
219