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Standard costing is a management accounting technique used to establish predetermined cost estimates for materials, labor, and overheads. These predetermined cost estimates are known as standard costs. The actual costs incurred during production are then compared to these standard costs to measure the efficiency and performance of the organization's operations.
A central bank decides to increase money supply. For a given price level, the LM curve is expected to
In case of Cob web Model, Damped Oscillation is witnessed when
If the sum of the product of the deviation of X and Y from their means is zero, the correlation coefficient between X and Y is:
Under a fixed exchange rate system (A)_________ would be an exogenous monetary policy instrument, whereas under a flexible exchange rate system (B) ____...
The equation for a supply curve is P = 3Q – 8. What is the elasticity in moving from a price of 4 to a price of 7?
Calculate Disposable income:
Consumption (C) = 300
Investment (I) = 50
Government purchases (G) = 70
Government transfer pay...
In a bivariate regression equation of Y on X consisting of 20 observations, the explained and unexplained variations are 40 and 60 respectively. Calcula...
For Cobb-Douglas production function the elasticity of substitution is
If the fiscal deficit of an economy be 3% of GDP and if the current account deficit also be 3% of GDP in a particular year for that economy, then its ag...
Which of the following is a possible change in total revenue that occurs if you increase the price of a good with unit elasticity?
