Advertisements
Advertisements
प्रश्न
Price is a determinant of which of the following for a firm?
पर्याय
Government policies
Fixed costs only
Revenue and profits
Employee salaries
MCQ
Advertisements
उत्तर
Price is a determinant of revenue and profits because revenue equals price multiplied by quantity sold. Therefore, the price charged directly affects both the total revenue earned and the profits generated by a firm.
shaalaa.com
या प्रश्नात किंवा उत्तरात काही त्रुटी आहे का?
