Day: January 14, 2022

A consumer is in equilibrium position when he/she achieves maximum satisfaction out of the available resources. A consumer in an equilibrium position when he/she distributes expenditure on purchase of different goods in such a way that marginal utility of a Read More …

It touches on satisfaction other than a customer desire from consuming a particular commodity’s. The satisfaction the consumers derives from consumption of commodity is called utility. Average utility is the satisfactory per unit consumed on average. Marginal utility is the Read More …

INTEGRITY OF CAPITAL MARKETS What Is “Material” Information? Information is “material” if its disclosure would probably have an impact on the price of a security or if reasonable investors would want to know the information before making an investment decision. Read More …

Recommended Procedures for Compliance Factual Presentations Members and candidates can prevent unintentional misrepresentations of their qualifications or the services they or their firms provide if each member and candidate understands the limit of the firm’s or individual’s capabilities and the Read More …

It can be defined as the ratio of the relative change of a dependent variable to changes in another independent variable. Elasticity can be analyzed in terms of demand and supply. It can also be defined as a measure of Read More …

This refers to a deliberate action by the government to artificially impose through legislation the prices of certain goods and services. Such imposed prices are referred to as flat prices. These flat prices may be a maximum or a minimum Read More …