Continue with your mobile number
A point of order is an extraordinary process which, when raised, has the effect of suspending the proceedings before the House and the member who is on her/his legs gives way. This is meant to assist the Speaker in enforcing the Rules, Directions and provisions of the Constitution for regulating the business of the House. Hence statement 1 is not correct. It should essentially refer to procedure and relate to the business before the House at the moment and is considered to be an important tool of legislative control. Hence statement 2 is correct.
Pricing decision includes
A high value of cross-elasticity indicates that the two commodities are
Break-even analysis can also be termed as
If the firms under perfect competition have different costs, abnormal profits can be earned in the long run only by
Which one of the following is not the function of a managerial economist?
Market with one buyer and one seller is called
The positive cross elasticity of demand between two products means the two products
Demand analysis includes
In case of Giffens goods, price effect is
Under perfect competition, the long-run equilibrium of the firm is established at