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Commerce Economics Difficulty: Medium

The costs that depend on the output in the short run are

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An inventory, which consists of partially worked goods or work in progress is called Tax is . . . . . . . . at source by the seller from the buyer at the time of debiting the amount to account of the buyer or the receipt of payment which ever is earlier. "Treating a revenue expenditure as a capital expenditure" is an example of Match the following. List-I (Pricing Methods) List-II (Explanations) a. Mark-up pricing 1. Set high price and recover the cost as early as possible b. Target return pricing 2. Cost of the product + Mark-up (desired profit) c. Going rate pricing 3. Specified rate of return on investment d. Market skimming 4. Prevailing pricing matters Match List I with List II and choose the right answer: List-I List-II a. Staffing 1. Motivation b. Planning 2. Training c. Directing 3. Forecasting d. Controlling 4. Comparison of performance