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Commerce Hrm In Commerce Difficulty: Medium

If the MRS xy (Marginal Substitution Rate) for consumer A is greater than that of MRS xy (Marginal Substitution Rate) of B, then profit for consumer A will be assuming that Indicate the correct answer of the following statements being correct or incorrect. The statements relate to the type of transactions recorded in the current/capital accounts of the Balance of Payments. Statement (I): The capital account consists of long-term capital transactions only. Statement (II): The current account includes all transactions which give rise to or use up national income. For effective organising, an organisation required Statement I For strengthening capital base of banks. Statement II For sanctioning more loans. You are the manager of a firm. Which of the following activities do you initiate first?