Question
What is the term for hardware devices added to a
computer system after purchase?Ā ĀSolution
Peripherals are additional hardware devices such as printers, mice, or keyboards attached to the system.
What will happen when supply elasticity is less than demand elasticity?
Suppose the following bilateral spot exchange rates are being quoted for the Danish krone (DKK), the US dollar (US$) and the euro (€):
US$/&...
The Indirect Utility function is = 12M3/27PxPy, where M is the income, P(x) is the price of commodity X and P(y) is the price of commodity Y....
Objective function was given as Z= 4X+5Y. Four extreme points were given as (0,4), (5,0), (3,3), (3,4). Find at which point function is maximized.
An economist calculated the cross-price elasticity of demand for nicknacks and gizmos and got -0.5. What can she conclude about the relationsh...
The equation for a supply curve is P = 3Q ā 8. What is the elasticity in moving from a price of 4 to a price of 7?
A consumer has utility function given by : u{x1,x2} = min {2x1+x2, x1+2x2}. Given income m = 100, prices p1 = 20, p2 = 30, the amount of x1 in...
If x1, x2,.....xnĀ are nonānegative real numbers, then theirĀ
When two regression coefficients bear same algebraic signs, then correlation coefficient is:
The relationship between the unemployment rate and the gross national product is depicted by
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