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ACCOUNTING, ECONOMICS & BUSINESS  AFTERSCHO☺OL   –  DEVELOPING CHANGE MAKERS  CENTRE FOR SOCIAL ENTREPRENEURSHIP  PGPSE PROGRAMME –  World’ Most Comprehensive programme in social entrepreneurship & spiritual entrepreneurship OPEN FOR ALL FREE FOR ALL
ACCOUNTING, ECONOMICS & BUSINESS Dr. T.K. Jain. AFTERSCHO☺OL Centre for social entrepreneurship Bikaner  M: 9414430763 [email_address] www.afterschool.tk ,  www.afterschoool.tk
We make  DahiBada  and cost structure is as under?  1060 60 790 50 540 40 400 30 300 20 210 10 100 0 TC MC AFC AVC VC FC TC Qty
If price of DahiBada is Rs. 14 each, what is the best output? -220 840 1060 60 -90 700 790 50 20 560 540 40 20 420 400 30 -20 280 300 20 -70 140 210 10 -100 0 100 0 Profit TR TC MC AFC AVC VC FC TC Qty
Solution  ,[object Object]
What is VC when 60 DahiBada  are made?  ,[object Object],[object Object],[object Object]
A contracts with B to buy jewellery made of pearls whereas in fact it IS made of imitation pearls of no value. B knows that A is mistaken and takes no steps to correct the error. NOW A wants to cancel the contract on the basis of fraud. what should he do?
Solution  ,[object Object]
what is AFC?  ,[object Object],[object Object],[object Object],[object Object]
If this is the cost schedule, what is the AFC & AVC when we make 6 units?
Solution  ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
What will happen if utility obtained in first unit is 10, 2 nd  unit 7, 3 rd  unit 3, and 4 th  unit = -4. show total utility
In the previous question, how  many units will the consumer consume and what will be his total utility?  ,[object Object]
When do you find marginal return diminishing?  690 6 610 5 540 4 480 3 410 2 330 1 240 0 TC units
Solution  80 690 6 70 610 5 60 540 4 70 480 3 80 410 2 90 330 1 240 0 MC TC units
Solution … ,[object Object]
What do you understand by equilibrium of a firm? Explain your answer. ,[object Object]
Example: EQUILIBRIUM OF THE FIRM
Clarify the statement that a firm  is a price taker under perfect competition but not so in monopoly or monopolistic competition. Give reasons for your answer. ,[object Object]
Illustration . .as we can see in the graph below : (there are different firms, each trying to match industry..
Detailed explanation ,[object Object]
Graph of perfect market.
Explain the concept of optimum output. Under what conditions is it achieved by a firm ? ,[object Object],[object Object]
Solution  ,[object Object],[object Object],[object Object]
Graph
What will happen if prices increase and income of the people also increase. Presently you are at 1.
Solution  ,[object Object],[object Object]
Explain the determination of long term equilibrium of a firm under perfect competition. Show, inter alia, that it will produce at the least possible average cost of production. ,[object Object]
Graph…
A shopkeeper sells gel pen at Rs. 10 per pen. At this price he can sell 120 per month. After some time, he raises the price to Rs. 15 per pen. Following the price rise: • Only 60 pens were sold every month. • The number of refills bought went down from 200 to 150. • The number of ink pen customers bought went up from 90 to 180 per month. The Cross elasticity of monthly demand for refills when the price of gel pen increase from Rs. 10 to Rs.15 is equal to:
Solution  ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
The cross elasticity of monthly demand for ink pen when the price of gel pen increases from Rs.10 to Rs. 15  is equal to: ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
ABOUT AFTERSCHO☺OL  ,[object Object]
Why such a programme? ,[object Object],[object Object],[object Object],[object Object]
Who are our supporters? ,[object Object],[object Object]
About AFTERSCHO☺OL  PGPSE – the best programme for developing great entrepreneurs ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Workshops from AFTERSCHO☺OL  ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Flexible Specialisations: ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Salient features: ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Components  ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Pedagogy  ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Branches ,[object Object]
Case Studies ,[object Object]
Basic values at AFTERSCHO☺OL  ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
www.afterschoool.tk   social entrepreneurship for better society

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Accounting Economics And Business

  • 1. ACCOUNTING, ECONOMICS & BUSINESS AFTERSCHO☺OL – DEVELOPING CHANGE MAKERS CENTRE FOR SOCIAL ENTREPRENEURSHIP PGPSE PROGRAMME – World’ Most Comprehensive programme in social entrepreneurship & spiritual entrepreneurship OPEN FOR ALL FREE FOR ALL
  • 2. ACCOUNTING, ECONOMICS & BUSINESS Dr. T.K. Jain. AFTERSCHO☺OL Centre for social entrepreneurship Bikaner M: 9414430763 [email_address] www.afterschool.tk , www.afterschoool.tk
  • 3. We make DahiBada and cost structure is as under? 1060 60 790 50 540 40 400 30 300 20 210 10 100 0 TC MC AFC AVC VC FC TC Qty
  • 4. If price of DahiBada is Rs. 14 each, what is the best output? -220 840 1060 60 -90 700 790 50 20 560 540 40 20 420 400 30 -20 280 300 20 -70 140 210 10 -100 0 100 0 Profit TR TC MC AFC AVC VC FC TC Qty
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  • 7. A contracts with B to buy jewellery made of pearls whereas in fact it IS made of imitation pearls of no value. B knows that A is mistaken and takes no steps to correct the error. NOW A wants to cancel the contract on the basis of fraud. what should he do?
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  • 10. If this is the cost schedule, what is the AFC & AVC when we make 6 units?
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  • 12. What will happen if utility obtained in first unit is 10, 2 nd unit 7, 3 rd unit 3, and 4 th unit = -4. show total utility
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  • 14. When do you find marginal return diminishing? 690 6 610 5 540 4 480 3 410 2 330 1 240 0 TC units
  • 15. Solution 80 690 6 70 610 5 60 540 4 70 480 3 80 410 2 90 330 1 240 0 MC TC units
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  • 20. Illustration . .as we can see in the graph below : (there are different firms, each trying to match industry..
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  • 22. Graph of perfect market.
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  • 25. Graph
  • 26. What will happen if prices increase and income of the people also increase. Presently you are at 1.
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  • 30. A shopkeeper sells gel pen at Rs. 10 per pen. At this price he can sell 120 per month. After some time, he raises the price to Rs. 15 per pen. Following the price rise: • Only 60 pens were sold every month. • The number of refills bought went down from 200 to 150. • The number of ink pen customers bought went up from 90 to 180 per month. The Cross elasticity of monthly demand for refills when the price of gel pen increase from Rs. 10 to Rs.15 is equal to:
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  • 45. www.afterschoool.tk social entrepreneurship for better society