Question
In perfect competition, in the long run, firms
will:Solution
In the long run, entry and exit of firms drive economic profits to zero, meaning firms earn just enough to cover their opportunity costs—normal profits.
When two regression coefficients bear same algebraic signs, then correlation coefficient is:
Under Perfect Competition, Consider X’s production function to be Q=(min{K,L})1/2 , the price of capital is Rs.2 and price of labor is Rs.1...
When exchange rate in terms of domestic currency rises:-
When a straight-line demand curve is tangent to curvilinear demand curve then the elasticity of the curves at point of tangency is
The Comparative advantage theory was first developed by:
According to the neoclassical growth model, which of the following statements is false ?
What is the Cash Reserve Ratio (CRR)?
If the expected value of the error is not zero, it is a problem only if this expected value is
If the R2 value for a regression line is 0.70 for 50 observations. What is the adjusted R-square value if the number of independent variable...
What will be the value of P(not E) if P(E) = 0.07?
