Hi Grag, hope you are doing well. With regards to your question I want to mention that Joint Hindu Family Firm (JUF) is a form or type of business organisation wherein the members of the same family can only manage and own the business. It is controlled under the Hindu

A monopolist may operate more than one plant. In the short-run, he can operate any number of plants of the same size or of different sizes. But in the long-run, he operates only those plants which together bring in larger profits. Given each plant of the same size and of

Hello student, I Hope you are doing good, to answer your question, generally the cutoff of Shri Ram College of Commerce for B.Com (//B.Com) (H) / B.A. Economics (H) varies from 100% to 97.5% for General Category.

2. There is no specific quota for International Students but the admission process

The concept of responsibility accounting leads directly to the classification of cost as controllable. The controllability of a cost depends upon the levels of responsibility under consideration. A controllable cost may be defined as one which is reasonably subject to regulation by the executive with whose responsibility that cost is

Escapable costs are costs that can be reduced due to a contraction in the activities of a business enterprise. It is the net effect on costs that is important, not just the costs directly avoidable by the contraction. Unavoidable costs, such as labor charges, power, etc., are necessary to run

Hi,

Postponable expenses are those that can be deferred for at least a period of time, such as building and machinery upkeep. This difference is commonly used by railways. They are aware that rolling stock and permanent track repair might be postponed for a period of time.

1. Out-of-Pocket and

The total cost is equal to the sum of fixed cost and all the marginal costs uncured. For example, at an output of 5 units, the total cost is initial cost to which the firm is committed irrespective of the quantity produced.

Where marginal cost falls, total cost will be

Hello aspirant,

The increased amount and new amount of demand is called the short-run demand. In long run, the increased demand amount is is called the long-run demand.

Short run demand and long run demand depends on span of demand obtained. Short run demand ends in shorter span than long

An industry demand schedule represents the relation of the price of the product to the quantity that will be bought from all the firms. It has a clear meaning when the products of the various firms are close substitutes. It becomes vague when there is considerable product differentiation within the

When the demand for a product is tied to the purchase of some parent product, its demand is called derived demand. For example, the demand for cement is derived demand, being directly related to building activity. Demand for all producers’ goods, raw materials and components are derived. Also, the demand