Law of Return scale
Law of Return scale: Law of returns scale explains the Long-run input output relationship ie;long run production function in which
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Auditory Sensation: Auditory sensation is one of the important sensation for human beings as it provides us the pleasure of
Read moreVisual Sensation
Visual Sensation: Visual sensation is the most important sensation for human beings as it supplies them with the greatest amount
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Read moreRole of price mechanism in full utilization of productive resources in free enterprise economy
Role of price mechanism in full utilization of productive resources in free enterprise economy Explain the role of “Price mechanism”
Read moreMicroeconomics- Business Decision making
Microeconomics- Business Decision making a)Explain the role of microeconomics in business decision making. Ans) The role of microeconomics in business
Read moreCardinal Utility Approach
Cardinal Utility Approach Very Short Questions Define utility. Ans) Utility is defined as the wants satisfying capacity of a commodity
Read moreElasticity
Very short questions of Elasticity Define elasticity of demand. Ans) The elasticity of demand is the measure of responsiveness of
Read moreDemand and Supply
Very short questions,Demand and Supply What do you mean by demand? Ans) Demand means the quantity of goods and services
Read moreIntroduction to Microeconomics
Some very short questions of Introduction to Microeconomics 1)Define an economic theory. Ans) An economic theory is defined as a
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