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Type: Posts; User: Shailesh Otari

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  1. Replies
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    Shivani, Thanks for your interest in the...

    Shivani,
    Thanks for your interest in the mobile app. The app is only for Java currently. We will notify on the forum when it will be ready for other OS.

    ~Shailesh
    DG Member
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    @anita123, We are currently only Java based. We...

    @anita123,
    We are currently only Java based. We do have plans for Android but unfortunately don't have anything ready as yet.
  3. Replies
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    38,072

    Excelsior Education's demo product for CFA Exam

    Hi everyone,

    I am the founder of Excelsior Education and we are launching innovative mobile phone-based tools for delivering educational content. Since I have also been associated with...
  4. Sticky: Q#24 Answer: (A) Assets = Liabilities + Owners’...

    Q#24 Answer: (A)
    Assets = Liabilities + Owners’ equity. Option A does not conform to the accounting equation.
    ...
  5. Sticky: Q#23 Answer: (B) An audit is an independent...

    Q#23 Answer: (B)
    An audit is an independent review of an entity’s financial statements that enables the auditor to state an opinion on their fairness and reliability....
  6. Sticky: Q#22 Answer: (C) Information regarding...

    Q#22 Answer: (C)
    Information regarding extraordinary items and unusual or infrequent events is typically found in the Management Discussion & Analysis section....
  7. Sticky: Q#21 Answer: (C) When the economy falls into a...

    Q#21 Answer: (C)
    When the economy falls into a deflationary gap, real output falls in the short run, but eventually an increase in SRAS restores LR equilibrium at potential output. In the long run,...
  8. Sticky: Q#20 Answer: (B) Real GDP exceeds potential GDP...

    Q#20 Answer: (B)
    Real GDP exceeds potential GDP and unemployment is lower than the natural rate during an expansion....
  9. Sticky: Q#19 Answer: (A) The natural rate of...

    Q#19 Answer: (A)
    The natural rate of unemployment is composed of structural and frictional unemployment. There is no cyclical unemployment at full employment....
  10. Sticky: Q#18 Answer: (C) The flow supply of a...

    Q#18 Answer: (C)
    The flow supply of a non-renewable resource, such as oil, is perfectly elastic at the present value of the price expected in the next period.
    The supply of a renewable resource is...
  11. Sticky: Q#17 Answer: (C) Elasticity of demand does not...

    Q#17 Answer: (C)
    Elasticity of demand does not have anything to do with a factor’s income. The higher the demand (MRP) for a factor of production, the greater its total income....
  12. Sticky: Q#16 Answer: (A) The kinked demand curve model...

    Q#16 Answer: (A) The kinked demand curve model suggests that there is a break in a firm’s MR curve due to the kink in the demand curve....
  13. Sticky: Q#12 Answer: (B) In perfect competition, profits...

    Q#12 Answer: (B)
    In perfect competition, profits are maximized at the output level where MC equals MR. Since demand facing each individual firm is perfectly elastic, MR equals price....
  14. Sticky: Q#11 Answer: (A) In perfect competition, since...

    Q#11 Answer: (A)
    In perfect competition, since the demand curve is horizontal (perfectly elastic), price equals marginal revenue. Therefore, a firm in perfect competition will continue to expand...
  15. Sticky: Q#10 Answer: (A) MP intersects the AP curve from...

    Q#10 Answer: (A)
    MP intersects the AP curve from above through its maximum point. Initially when MP is greater than AP, AP rises, and at higher levels of output when MP is less than AP, AP falls....
  16. Sticky: Q#9 Answer: (C) Marginal product is at its...

    Q#9 Answer: (C) Marginal product is at its maximum when marginal cost is at its minimum.
    ========================================================================================================...
  17. Sticky: Q#8 Answer: (A) Technological efficiency occurs...

    Q#8 Answer: (A) Technological efficiency occurs when the least number of input units are used to produce a given level of output. Economic efficiency occurs when a given output is produced at the...
  18. Sticky: Q#7 Answer: (C) Economic profit = total revenue...

    Q#7 Answer: (C)
    Economic profit = total revenue - opportunity costs = total revenue - (explicit + implicit costs).

    In this case, the labor and material cost of $40 million is the explicit cost....
  19. Sticky: Clarification regarding Q#2.... The original Q...

    Clarification regarding Q#2....
    The original Q was
    ----------------------
    Q#2. A good has a price elasticity of demand of 1.2. In response to an increase in price of 30%, quantity demanded will...
  20. Sticky: Q#6 Answer: (A) A tax, whether it is levied on...

    Q#6 Answer: (A) A tax, whether it is levied on consumer or producers, always results in a decrease in the equilibrium quantity of output....
  21. Sticky: Q#5 Answer: (C) A subsidy shifts the supply curve...

    Q#5 Answer: (C) A subsidy shifts the supply curve to the right and results in a deadweight loss due to overproduction....
  22. Sticky: Q#4 Answer: (C) As the marginal benefit curve...

    Q#4 Answer: (C) As the marginal benefit curve becomes more elastic (becomes flatter), the area of the triangle between the y-axis, the market price and the demand curve decreases (assuming...
  23. Sticky: Q#3 Answer: (C) Resources are allocated...

    Q#3 Answer: (C) Resources are allocated efficiently when the sum of consumer and producer surplus is maximized.
    ==================================================...
  24. Sticky: Q#2 Answer: (C) Price elasticity of demand = %...

    Q#2 Answer: (C) Price elasticity of demand = % change in Q / % change in price
    -1.2 = x / 30%, x = -36%
    -36% = (x - 150) / 150 giving x = 96.
    Great explanation, Shiva :)
    ...
  25. Sticky: Q#1 Answer: (A) Elasticity of demand is...

    Q#1 Answer: (A) Elasticity of demand is influenced by the time elapsed since a price change. The time frame within which the supply decision is made and the ability to substitute productive resources...
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