Twenty passengers were found ticket-less on a bus. The sum of squares and the standard deviation of the amount found in their pockets were Rs. 2,000 and Rs. 6 respectively. If the total fine imposed on these passengers is equal to the total amount recovered from them and the fine imposed is uniform, what is the amount each one of them has to pay as fine?
For Cobb-Douglas production function the elasticity of substitution is
The credit manager at a Departmental store collects data on 100 of her customers. Of the 60 men, 40 have credit cards (C). Of the 40 women, 30 have credit cards (C). Ten of the men with credit cards have balances due (B), while 15 of the women have balances (B). The credit manager wants to determine the probability that a customer selected at random is a man with a balance.
If elasticity is ‘e’, and price of the product is B, MR=?
Assertion (A): Use of goods and services from which one can be excluded are pure private goods.
Reason (R): Such goods and services are not provided free by the State.
Codes:
Let p= probability Player 2 plays left, q= probability Player 1 plays left. Find the mixed-strategy equilibrium.
