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From: amit85 | Reply 1 of 31 | Reply | |
Subject: Contributed Answer/Explanation to Q. 2 |
income effect
Posted at: Sat May 8 04:33:11 2010 (GMT)
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From: ganesh8 | Reply 2 of 31 | Reply | |
Subject: Contributed Answer/Explanation to Q. 15 |
Gross profit is what a firm arises at after deducting the costs of
production from the total Sales revenue . on the other hand net profit
arises after deducting all the other costs and over heads that results from
the existence of a business .
Posted at: Fri Jul 2 12:04:29 2010 (GMT)
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From: gurmeetgkp | Reply 3 of 31 | Reply | View replies (2)
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Subject: Contributed Answer/Explanation to Q. 1 |
micro economics deals with individual behaviuor whereas macro economics
deals with entire economy. two examples-micro economics- factor price and
theory of consumer behaviour. for macro economics- national income and
aggregate demand and supply.
Posted at: Tue Jul 6 12:04:53 2010 (GMT)
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From: gurmeetgkp | Reply 4 of 31 | Reply | |
Subject: Contributed Answer/Explanation to Q. 1 |
micro economics deals with individual behaviuor whereas macro economics
deals with entire economy. two examples-micro economics- factor price and
theory of consumer behaviour. for macro economics- national income and
aggregate demand and supply.
Posted at: Tue Jul 6 12:05:31 2010 (GMT)
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From: mayuri12 | Reply 5 of 31 | Reply | |
Subject: Contributed Answer/Explanation to Q. 2 |
income effect is the degree of resposiveness of quantity demanded for a
commodity due to change in income of the consumer.It means change in
quantity demanded for a commodity due to change in income of the consumer.
Posted at: Thu Sep 30 06:55:56 2010 (GMT)
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From: vittesh5 | Reply 6 of 31 | Reply | View replies (1)
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Subject: Contributed Answer/Explanation to Q. 3 |
ep<1 - inelastic demand
Posted at: Sat Jan 1 19:23:06 2011 (GMT)
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From: vittesh5 | Reply 7 of 31 | Reply | |
Subject: Contributed Answer/Explanation to Q. 4 |
ep=1 perfectly elastic demand
Posted at: Sat Jan 1 19:23:36 2011 (GMT)
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From: justatypo_22 | Reply 8 of 31 | Reply | View replies (1)
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Subject: Contributed Answer/Explanation to Q. 34 |
Fiscal Policy is the use of budget deficits and surpluses, in order to
affect the level of aggregate economic activity or to maintain economic
stability or to promote economic growth and development.
Posted at: Sun Jan 2 15:57:28 2011 (GMT)
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From: justatypo_22 | Reply 9 of 31 | Reply | |
Subject: Contributed Answer/Explanation to Q. 34 |
Fiscal Policy is the use of budget deficits and surpluses, in order to
affect the level of aggregate economic activity or to maintain economic
stability or to promote economic growth and development.
Fiscal Policy is a package of economic measures used by the government
regarding its public expenditure, public revenue and public debt. It
consists of measures to control economic fluctuations, which are an
obstacle to good economic development.
According to Harvey and Johnson, fiscal policy is defined as, 'changes in
government expenditure which influences the pattern and level of activity.'
There are three instruments of Fiscal Policy-
1) Taxation
2) Public Expenditure
3) Public Debt
Inflation can be controlled through the following fiscal measures-
1) The government must raise existing rates of taxes and impose new taxtion
rates, this reduces the purchasing powers of the people, which will
ulimately lead to fall in overall economic exxpenditure rates. This is to
be done when infltion is caused by rise in prices, or due to abnormally high
consumption expenditure.
2) The government may be reduced with no change in taxation. This will give
a rise in surplus budget and and drain out purchasing power of the people.
However, reduction of government spending and raise in taxation would be
more effective as it would give a larger surplus budget and also will give a
quicker relief to the people from inflation.
3) The government may also borrow funds to prevent private expenditure from
increasing. Borrowings from the government may take away excessive
purchasing power of the people.
4) The government may sell goods and services to the public at a greater
prices than what the commodity or service was before.
Posted at: Sun Jan 2 16:23:04 2011 (GMT)
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From: smritiverma | Reply 10 of 31 | Reply | |
Subject: answer of Q.1 |
in an economy when we talk about an individual person is said to be micro
economics.
for example:income of individual person.or demand of individual customer.
when we talk about the entire or whole economy is said to be macro
economics.for example: income of nation or demand of all consumers in the
market Posted at: Tue May 31 19:20:45 2011 (GMT)
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From: souradeep | Reply 11 of 31 | Reply | |
Subject: Contributed Answer/Explanation to Q. 1 |
micro economics is the study of individual economic units and individual
economic variables whereas macroeconomics is the study of economy as a
whole. example of microeconomics is the study of household. where as example
of macroeconomics is the study mark
Posted at: Wed Nov 9 16:32:01 2011 (GMT)
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From: mansi82 | Reply 12 of 31 | Reply | View replies (1)
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Subject: Contributed Answer/Explanation to Q. 1 |
micro economics deals with the economic behavior of individual economic
variable or individual economic unit.
Posted at: Tue Nov 29 07:47:52 2011 (GMT)
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From: mansi82 | Reply 13 of 31 | Reply | |
Subject: Contributed Answer/Explanation to Q. 1 |
micro economics deals with the economic behavior of individual economic
variable or individual economic unit. macro economics deals with the economy
as a whole..
Posted at: Tue Nov 29 07:48:39 2011 (GMT)
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From: harshkot | Reply 14 of 31 | Reply | View replies (1)
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Subject: Contributed Answer/Explanation to Q. 3 |
Inelastic demand
When the change in price and total expenditure move in opposite direction
then the price elasticity of demand is said to be inelastic and the
elasticity of demand is less than 1....
Posted at: Fri Mar 23 07:25:24 2012 (GMT)
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From: harshkot | Reply 15 of 31 | Reply | View replies (1)
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Subject: Contributed Answer/Explanation to Q. 4 |
Elastic demand
When the change in price and total expenditure move in the same direction
the elasticity of demand is said to be elastic... Here the elasicity of
demand is always greater than 1...
Hence Here ep>1..
Posted at: Fri Mar 23 07:28:06 2012 (GMT)
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From: harshkot | Reply 16 of 31 | Reply | |
Subject: Contributed Answer/Explanation to Q. 4 |
Elastic demand
When the change in price and total expenditure move in the same direction
the elasticity of demand is said to be elastic... Here the elasicity of
demand is always equal to 1...
Hence Here ep1..
Posted at: Fri Mar 23 07:28:39 2012 (GMT)
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From: vishal2007may | Reply 17 of 31 | Reply | |
Subject: Contributed Answer/Explanation to Q. 10 |
BEP is that point where AR=AC,wheras shutdown point are those where AR=AVC.
When AR=AC it means firm's revenue is equals to its cost,means no profit no
loss.
but shut down point is when firm is only able to cover its variable
cost(labour) not fixed cost(such as rent,intt etc) so it is better to shut
down the business.
Posted at: Thu Apr 19 11:52:06 2012 (GMT)
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From: vishal2007may | Reply 18 of 31 | Reply | |
Subject: Contributed Answer/Explanation to Q. 13 |
when NFIFA is Positive
Posted at: Thu Apr 19 11:53:40 2012 (GMT)
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From: vishal2007may | Reply 19 of 31 | Reply | |
Subject: Contributed Answer/Explanation to Q. 16 |
Fiscal deficit means when budgeted expenditure are more than budgeted
receipts(except the borrowings)
Actually, fiscal deficit always equals to borrowings in balanced budget.
Posted at: Thu Apr 19 11:57:54 2012 (GMT)
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From: vishal2007may | Reply 20 of 31 | Reply | |
Subject: comment on original answer |
when price and total expenditure moves in oppsite direction then Price Ed is
said to be elastic(more than one) Posted at: Thu Apr 19 12:02:42 2012 (GMT)
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