Recent content by khan_heena786

PERFECT COMPETITION ? A LARGE NUMBER OF BUYERS & SELLERS. ? PRODUCT SOLD BY ALL THE FIRMS IN THE INDUSTRY IS HOMOGENEOUS. ? THERE IS FREE ENTRY & EXIT FOR THE FIRM. ? THERE IS PERFECT KNOWLEDGE ABOUT MARKET CONDITION ON THE PART OF BUYERS & SELLERS. ? FACTORS OF PRODUCTION ARE PERFECTLY...

OLIGOPOLY REFERS TO THE MARKET WHERE THERE ARE A FEW SELLERS WHO SELL A PARTICULAR PRODUCT. IF ALL THE FIRMS SELL HOMOGENEOUS PRODUCT, IT IS KNOWN AS PURE OLIGOPOLY. BUT IF THE PRODUCT SOLD BY VARIOUS FIRMS ARE SIMILAR, IT IS KNOWN DIFFERENTIATED OLIGOPOLY. FEATURES OF Oligopoly. ? A...

o output Cost/Revenue AC MC MC 1 MC 2 MC3 KINKED DEMAND CURVE doc_389152325.pptx

EXAMPLES Q.1 REDUCTION IN THE PRICE OF LAPTOP FROM Rs. 30,000 FROM Rs. 28,000 PUSHED UP DEMAND FROM 4000 UNITS TO 7000 UNITS. FIND ARC Ed . Q. 2 10% INCREASE IN THE ADVERTISEMENT EXPENDITURE CAUSES 4% INCREASE IN THE SALES VOLUME. WHAT IS THE PROMOTIONAL EALASTICITY OF DEMAND? Q. 3...

EXAMPLES Q.1 REDUCTION IN THE PRICE OF LAPTOP FROM Rs. 30,000 FROM Rs. 28,000 PUSHED UP DEMAND FROM 4000 UNITS TO 7000 UNITS. FIND ARC Ed . Q. 2 10% INCREASE IN THE ADVERTISEMENT EXPENDITURE CAUSES 4% INCREASE IN THE SALES VOLUME. WHAT IS THE PROMOTIONAL EALASTICITY OF DEMAND? Q. 3...

MONOPOLY THE TERM ‘MONOPOLY’ IS DERIVED FROM GREEK WORDS. ‘MONO’ MEANS SINGLE AND ‘POLY’ MEANS SELLER. MONOPOLY REFERS TO THE MARKET WHERE THERE IS A SINGLE SELLING THE PRODUCT THAT DOES NOT HAVE A CLOSE SUBSTITUTE. IT MAY BE A SINGLE FIRM OR A PARTNERSHIP FIRM OR A JOINT-STOCK COMPANY...

MONOPOLY THE TERM ‘MONOPOLY’ IS DERIVED FROM GREEK WORDS. ‘MONO’ MEANS SINGLE AND ‘POLY’ MEANS SELLER. MONOPOLY REFERS TO THE MARKET WHERE THERE IS A SINGLE SELLING THE PRODUCT THAT DOES NOT HAVE A CLOSE SUBSTITUTE. IT MAY BE A SINGLE FIRM OR A PARTNERSHIP FIRM OR A JOINT-STOCK COMPANY...

ELASTICITY OF DEMAND THE LAW OF DEMAND ESTABLISHES AN INVERSE RELATION BETWEEN THE PRICE OF A GOOD AND ITS DEMAND, BUT ELASTICITY OF DEMAND MEASURES THE EXTENT OF RESPONSIVENESS OF DEMAND TO A CHANGE IN PRICE. DEMAND CHANGES WHEN THER IS A CHANGE IN ITS PRICE, INCOME OF THE CONSUMER...

ELASTICITY OF DEMAND THE LAW OF DEMAND ESTABLISHES AN INVERSE RELATION BETWEEN THE PRICE OF A GOOD AND ITS DEMAND, BUT ELASTICITY OF DEMAND MEASURES THE EXTENT OF RESPONSIVENESS OF DEMAND TO A CHANGE IN PRICE. DEMAND CHANGES WHEN THER IS A CHANGE IN ITS PRICE, INCOME OF THE CONSUMER...

COST ANALYSIS COST CAN BE DEFINED AS A COMPENSATION, CASH OR KIND, MADE BY A FIRM TO A FACTOR OF PRODUCTION FOR ITS CONTRIBUTION TO THE PRODUCTION PROCESS. CLASSIFICATION OF COST 1] OPPORTUNITY COST 2] MONEY COST & REAL COST 3] EXPLICIT COST & IMPLICIT COST 4] SUNK COST & FUTURE COST OR...

COST ANALYSIS COST CAN BE DEFINED AS A COMPENSATION, CASH OR KIND, MADE BY A FIRM TO A FACTOR OF PRODUCTION FOR ITS CONTRIBUTION TO THE PRODUCTION PROCESS. CLASSIFICATION OF COST 1] OPPORTUNITY COST 2] MONEY COST & REAL COST 3] EXPLICIT COST & IMPLICIT COST 4] SUNK COST & FUTURE COST OR...