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Bhavna M.
Tutor for nine years
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Statistics
TutorMe
Question:

What are uses of Statistics in daily life

Bhavna M.
Answer:

1. Weather Forecasts 2. Emergency Preparedness 3. Predicting Disease 4. Medical Studies

Accounting
TutorMe
Question:

What is the difference between Operating lease and Capital lease

Bhavna M.
Answer:

An operating lease is treated like renting so payments are considered operational expenses and the asset being leased stays off the balance sheet. In contrast, a capital lease is more like a loan; the asset is treated as being owned by the lessee so it stays on the balance sheet.

Microeconomics
TutorMe
Question:

What is the difference between Monopolistic Competition and Perfect Competition

Bhavna M.
Answer:

Monopolistic Competition: Many firms each making a slightly different product. Each firm’s output level is small relative to the total. Perfect Competition: Many firms, all making the same product. Each firm’s output level is very small relative to the total output level.

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