Select the correct option to test your answer:
More Commerce Questions
Trading up is a method of product line modification by:
With reference to Inflation, which of the following statement is not correct?
Which of the following are the different functions that are performed by the financial markets? 1. Determination of the prices where financial markets help in price discovery of various financial instruments. 2. Mobilization of the funds 3. Providing an opportunity to different investors to buy or sell their respective financial instrument at the fair value that is prevailing in market. 4. Providing the various types of information to traders that help in decision making. 5. The sharing of the risk with investors.
A monopolist is able to maximize his profits when
A company makes a single product and incurs fixed costs of Rs 30,000 per annum. Variable cost per unit is Rs 5 and each unit sells for Rs 15. Annual sales demand is 7,000 units. The breakeven point is: