Budgeted costing, marginal costing and standard costing are the ________
A budgeted cost is a forecasted future expense that the company is expected to incur in the future. Marginal costs are the costs associated with producing an additional unit of output . Standard cost is an estimated cost determined by the company for the production of the goods and services or for performing an operation under normal circumstances. Other techniques of costing include direct costing, absorption costing and uniform costing.
If indirect taxes are subtracted and subsidies are added to Net Domestic Product at market price we get
Consider the following set of data:
{23.32 32.33 32.88 28.98 33.16 26.33 29.88 32.69 18.98 21.23 26.66 29.89}
For any given price, a firm in a competitive market will maximize profit by selecting the level of output at which price intersects the
New loans made = 1000. Fractional reserve ratio is 1/3, by how much deposits will grow?
The theory of comparative advantage in a two−country, two−commodity world can only work if
The theory of purchasing power parity says that .
Consider the matching-pennies game:
Let p= probabi...
A society in which there was garbage collection problem. But there was voluntary problem of payment so some people would participate and some wouldn’t...
Multicollinearity causes
Law of diminishing returns only applies to cases where