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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

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

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

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

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

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

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

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

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

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

Nidhi S

CA Inter

4K+

1

219


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