Accounting For Business 10 October

ECONOMIIC ENVIRONMENT OF BUSINESS AFTERSCHOOOL – DEVELOPING CHANGE MAKERS CENTRE FOR SOCIAL ENTREPRENEURSHIP PGPSE PROGRAMME – World’ Most Comprehensive programme in social entrepreneurship & spiritual entrepreneurship OPEN FOR ALL FREE FOR ALL

ECONOMIIC ENVIRONMENT OF BUSINESS Dr. T.K. Jain. AFTERSCHOOOL Centre for social entrepreneurship Bikaner M: 9414430763 [email_address] www.afterschool.tk www.afterschoool.tk

What is consumer surplus? ,[object Object],[object Object],[object Object]

Who gave the concept of consumer’s surplus? ,[object Object]

Price is 10 units (utility), and marginal utility from 1 unit is 30, from 2 nd it is 20 and from 3 rd it is 10, from 4 th it is 5 units. What is my consumer surplus? ,[object Object],[object Object],[object Object]

What is indifference curve? ,[object Object],[object Object]

If we are at less than Production Possibility curve(PPF), what does it denote? ,[object Object]

If opportunity costs are constant (which is not possible), what will be the shape of PPF (production possibility curve)? ,[object Object]

Can we product some item beyond PPF (higher then the PPF)? ,[object Object]

According to economists, what should be our approach in decision making? ,[object Object],[object Object]

What is fundamental assumption in economics? ,[object Object]

Who said that “economics is neutral between ends”? ,[object Object]

In a free market economy, what will happen if demand exceeds supply? ,[object Object]

What is the point of consumer’s equilibrium? ,[object Object],[object Object],[object Object]

What is budget line, how does it help? ,[object Object]

If my income doubles, but prices are stable, what will happen to budget line? ,[object Object]

If my income remains stable, but prices are doubled, what will happen to budget line? ,[object Object]

Suppose you have Rs. 1000 with you as your budget. X costs Rs. 200 per item and Y costs Rs. 250 per item. What is the maximum possible point on X’s axis in the budget line? ,[object Object]

What is price elasticity of demand? ,[object Object]

What is income elasticity of demand? ,[object Object]

For luxury goods, the income elasticity is usually in what range? ,[object Object]

For inferior goods, the income elasticity is usually in what range? ,[object Object]

If price increase from 120 to 200 and demand decreases from 300 to 200 units, what is the price elasticity? ,[object Object],[object Object],[object Object],[object Object],[object Object]

Price is reduced from 300 to 200 but demand increases from 300 to 500 what is price elasticity? ,[object Object],[object Object],[object Object],[object Object]

Can price elasticity be positive? ,[object Object],[object Object]

What is short run in economics? ,[object Object],[object Object]

What is planning curve? ,[object Object]

Which curve can never be U shaped curve? ,[object Object]

Which costs have direct relation with production – i.e. they increase with production and reduce with production (if production reduces)? ,[object Object]

When is a firm on break even point? ,[object Object],[object Object]

WHEN IS THE FIRM IN EQUILIBRIUM? ,[object Object]

India has what share of world poverty? ,[object Object]

What was per capita income of Indians in 2007? ,[object Object]

What is HDI? ,[object Object],[object Object]

WHICH IS THE APEX BANK FOR AGRICULTURAL CREDIT? ,[object Object]

WHAT IS DIRECT TAX IN % OF GDP IN INDIA AND WHAT IS TAX COLLECTION EXPENSES IN INDIA? ,[object Object],[object Object]

WHAT IS MODVAT AND VAT? ,[object Object],[object Object]

What are RRBs? ,[object Object]

What was sex ratio in India in 2001? ,[object Object]

What was population density in India in 2001? ,[object Object]

What was crude birth rate and death rate in 2001 in India? ,[object Object]

What was life expectancy in India in 2001? ,[object Object]

What was literacy rate in India in 2001? ,[object Object],[object Object]

ABOUT AFTERSCHOOOL ,[object Object]

Why such a programme? ,[object Object],[object Object],[object Object],[object Object]

Who are our supporters? ,[object Object],[object Object]

About AFTERSCHOOOL PGPSE – the best programme for developing great entrepreneurs ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Workshops from AFTERSCHOOOL ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Flexible Specialisations: ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Salient features: ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Components ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Pedagogy ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Basic values at afterschoool ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

www.afterschoool.tk social entrepreneurship for better society

Accounting For Business 10 October

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Accounting For Business 10 October