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Vibhav
Subject: Economics
, asked on 16/9/17
In perfect competition, TR increases at a constant rate as MR=AR=constant
But can we say that slope of TR = 1 ?????
Suppose MR=AR=10
Then TR at various levels of output (1 unit, 2 units, 3 units, 4 units....) is 10,20,30,40....
In this case slope of TR = 10 then how can the angle it makes with the X axis = 45 degrees????
Answer
1
Vibhav
Subject: Economics
, asked on 14/9/17
How does the SMC curve above the SAVC curve represent the supply curve of a firm???
Answer
2
Vibhav
Subject: Economics
, asked on 14/9/17
If AR curve indicates the demand of a commodity (it is the demand curve) then which cost curve indicates the supply of a commodity???
Answer
1
Vibhav
Subject: Economics
, asked on 9/9/17
Explain the terms Normal Profits, Super Normal Profits , accounting costs , accounting profits, economic profits and economic costs explaining the differences between them
Answer
2
Vibhav
Subject: Economics
, asked on 8/9/17
TVC is the summation of MC
'The area under MC curve is equal to TVC'
Kindly give me a mathematical derivation of this formula
Answer
1
Vibhav
Subject: Economics
, asked on 6/9/17
Is Depreciation an Implicit Cost or an Implicit Cost???
Answer
1
Ujjwal Sancheti
Subject: Economics
, asked on 4/9/17
Please explain the following in layman terms.
$Fixedfactorsinitallyutilisedwith\downarrow efficiency\Rightarrow \downarrow inMPpostponedby\uparrow efficiency\Rightarrow Lawfails$
Answer
1
Somnath Sharma
Subject: Economics
, asked on 3/9/17
Q
How after 33 (in tp) it is increasing at decreasing rate .....mean how we know decreasing rate?
Answer
1
Palak Sharma
Subject: Economics
, asked on 2/9/17
Why AR is more elastic in monopolistic competition than monopoly...???
Answer
1
Kalyan Hazra
Subject: Economics
, asked on 12/8/17
PLEASE CHECK THE ANSWER
q.How does the nature of a commodity influence the price elasticity of demand?
Ans Elasticity of demand of a commodity is influenced by its nature.A commodity for a person may be necessities,a comfort or a luxuries.
.when a commodity is a necessity like food grains,vegetables,medicines,etc,its demand is generally inelastic as it required for human survival and demand does not fluctuate much with change in price.
.when a commodity is a comfort like fan,refrigerator etc its demand is generally elastic as a consumer can postpone it consumption
.when a commodity is a luxury like AC,DVD player ,etc its demand generally more elastic as compared to demand for comforts
Answer
1
Vibhav
Subject: Economics
, asked on 7/8/17
It is given in On the Meritnation Study Material it is given that when AP reaches its maximum value its is equal to MP.However this does not happen in this example given on meritnation???
what is the reason behind this contradiction???
Answer
1
Vibhav
Subject: Economics
, asked on 7/8/17
how do managerial economies lead to more availability of scarce finance???
As given in the Meritnation Study Material???
Also do Internal Economies reduce cost of production/unit or overall (total) cost of production????
Answer
1
Vibhav
Subject: Economics
, asked on 7/8/17
why can't supply curve start from origin????
Answer
1
Kalyan Hazra
Subject: Economics
, asked on 6/8/17
Q. How does "Trading on Equity" affect the choice of capital structure or a company. Explain with the help of suitable example.
Situation 1
Total Capital - Rs. 50 lakhs
Equity - Rs. 50 lakhs (4 lakhs share of Rs. 10 each)
Debt - Nil
Tax rate - 30%
E BIT - 7 Lakhs
Situation 2.
Total Capital - Rs. 50 lakhs
Equity - Rs. 40 lakhs (4 lakhs share of Rs. 10 each)
Debt - 10 lakhs
Tax rate - 30% p.a
Interest on debt - 10%
E BIT - 7 Lakhs
Situation. 3
Total Capital - Rs. 50 lakhs
Equity - Rs. 30 lakhs
Debt - Rs. 20 lakhs
Tax rate - 30% p.a
Interest on debt - 10%
E BIT - 8 lakhs
Answer
1
Kalyan Hazra
Subject: Economics
, asked on 6/8/17
please check the answer
Q7.Define unitary elastic demand and draw a curve for it.what is the significance of the unitary elastic demand?
ans.Unitary elastic demand -when the percentage change in the quantity demanded is equal to the percentage change in price ,then the demand for such commodity is said to be unitary elastic.in this case Ed=1
Answer
1
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What are you looking for?

But can we say that slope of TR = 1 ?????

Suppose MR=AR=10

Then TR at various levels of output (1 unit, 2 units, 3 units, 4 units....) is 10,20,30,40....

In this case slope of TR = 10 then how can the angle it makes with the X axis = 45 degrees????

'The area under MC curve is equal to TVC'

Kindly give me a mathematical derivation of this formula

$Fixedfactorsinitallyutilisedwith\downarrow efficiency\Rightarrow \downarrow inMPpostponedby\uparrow efficiency\Rightarrow Lawfails$

q.How does the nature of a commodity influence the price elasticity of demand?

Ans Elasticity of demand of a commodity is influenced by its nature.A commodity for a person may be necessities,a comfort or a luxuries.

.when a commodity is a necessity like food grains,vegetables,medicines,etc,its demand is generally inelastic as it required for human survival and demand does not fluctuate much with change in price.

.when a commodity is a comfort like fan,refrigerator etc its demand is generally elastic as a consumer can postpone it consumption

.when a commodity is a luxury like AC,DVD player ,etc its demand generally more elastic as compared to demand for comforts

what is the reason behind this contradiction???

As given in the Meritnation Study Material???

Also do Internal Economies reduce cost of production/unit or overall (total) cost of production????

Q. How does "Trading on Equity" affect the choice of capital structure or a company. Explain with the help of suitable example.

Situation 1

Total Capital - Rs. 50 lakhs

Equity - Rs. 50 lakhs (4 lakhs share of Rs. 10 each)

Debt - Nil

Tax rate - 30%

E BIT - 7 Lakhs

Situation 2.

Total Capital - Rs. 50 lakhs

Equity - Rs. 40 lakhs (4 lakhs share of Rs. 10 each)

Debt - 10 lakhs

Tax rate - 30% p.a

Interest on debt - 10%

E BIT - 7 Lakhs

Situation. 3

Total Capital - Rs. 50 lakhs

Equity - Rs. 30 lakhs

Debt - Rs. 20 lakhs

Tax rate - 30% p.a

Interest on debt - 10%

E BIT - 8 lakhs

Q7.Define unitary elastic demand and draw a curve for it.what is the significance of the unitary elastic demand?

ans.Unitary elastic demand -when the percentage change in the quantity demanded is equal to the percentage change in price ,then the demand for such commodity is said to be unitary elastic.in this case Ed=1