Analyst Questions

Economic costs add the opportunity costs of a firm using its own resources while accounting costs do not.

The Progressive Era took place in the US from the 1890s to the1920s. The movement was an effort to reform the government andeliminate the corruption within it. Social activists also wanted toreform the educational system, the insurance industry, thechurches, and many other things they felt were out of control, andnot working in the best interests of the citizens.

The Article I, Section 2 of the Constitution, tells that the seats in the House of Representatives are allotted among the states by population, as controlled by the evaluation led at regular intervals i.e, for every ten years.

Each state is qualified for something like one Representative, anyway little its population.

For a good that is a luxury demand tends to be elastic.

An acid can be defined as a molecule or other species which can donate a proton or accept an electron pair in reactions.

(OR)

A substance with particular chemical properties including turning litmus red, neutralizing alkalis, and dissolving some metals; typically, a corrosive or sour-tasting liquid of this kind.

• The Department of Economic Affairs, Finance Ministry of India presents the Economic Survey in the parliament every year, just before the Union Budget.

• It is prepared under the guidance of the Chief Economic Adviser, Finance Ministry.

• It is the ministry's view on the annual economic development of the country.

Demand curve is the relationship between price and quantity of product. In perfect competition, the demand curve for the product by a firm is perfectly elastic at maket price.