Economists like Hicks, Allen, Samuelson’s, Edgeworth etc. have criticized the utility analysis on the following grounds: •Utility is subjective.•Indivisible Goods.•Goods are not independent.•Marginal Utility of Money is not Constant.•Cardinal Measurement is not Possible.•Consumer is not so calculative.•Income Effect of Price change Ignored INTRODUCTION OF INDIFFERENCE CURVE IC analysis is a modern method to analyze consumer’s …
My blog contains study material on the subject business statistics. The study material is written and compiled from various books for the benefits of management students. BBA & MBA students from any universities can refer the material for making notes and examination preparation.
Reference : Fairfield institute of management and technology question papers.
BBA | MBA | B.Com | M.com | BMS | MHA | CA | CMA ANSWERS : (31)(b) the 9-cell GE matrix(32)(b) Monopolistic competition(33)(d) All of the above(34)(c) Product differentiation in the industry is low(35)(c) All managers, each attending to what needs to be done in their respective areasof authority and responsibility(36)(b) Niche(37)(a) Corporate dream(38)(c) …
BBA | BHM | BMS | B.Com | MBA | M.Com | MHA Answer Key:
BBA | BHM | BMS | B.Com | MBA | M.Com | MHA (III) State whether the following are ‘True’ or ‘False’:
BBA | MBA | BHA | MHA | M. Com | CA | CMA
BBA | MBA | BHA | MHA | M. Com | CA | CMA ANSWERS : (101) (b) Value analysis(102) (b) Production(103) (a) Simplex method(104) (c) Lean Production(105) (d) None of the above(106) (b) Growth(107) (c) Inspection(108) (c) ISO 9003(109) (d) The free float can be calculated by subtracting EFT from EST(110) (a) Preventing maintenance …
Problem 1 Using the following information, prepare a flexible budget for the production of 80% and 100% activity. Production at 50% Capacity 5,000 Units Raw Materials $80 per unit Direct Labor $50 per unit Direct Expenses $15 per unit Factory Expenses $50,000 (50) (Fixed) Administration Expenses $60,000 (Variable) Solution Flexible Budget at a Capacity of …
Flexible Budgets and Overhead Variance Analysis Management Accounting Read More »
