Question
Which of the following ratios can help compare the
operational efficiency of different entities?Solution
Assets turnover ratio shows how much sales an entity is generating with the use of assets. This is an efficiency ratio.
When AR is constant, MR is
Concept of 'Consumer's Surplus' was evolved by
Who introduced the concept of elasticity of demand?
Shifts in demand curve as shown in the figure below represents
A movement along a demand curve indicates that a different quantity is being demanded
This movement is due to
OPEC is an example of
When price elasticity of demand is unity, the total expenditure:
The increasing returns to scale occurs. because larger scale provides greater specialization to various factors" is a statement given by
Pricing decision includes
The positive cross elasticity of demand between two products means the two products
