Question
Since the 1980s, Wal-Mart stores have appeared in almost
every community in America. Wal-Mart buys its goods in large quantities and, therefore, at cheaper prices. Wal-Mart also locates its stores where land prices are low, usually outside of the community business district. Many customers shop at Wal-Mart because of low prices. Local retailers, like the neighborhood drug store, often go out of business because they lose customers. This story demonstrates thatÂSolution
The reason behind is that there are economies of scale in retail sales. Because the large is the firm, the lower are average costs.
Two random variables x and y have the following regression equations -
3x + 2y – 26 = 0
6x + y – 31 = 0
then, the mean values o...
Which of the following is not a cause of rightward shift of demand curve?
A population is said to be stationary, if -
Which of the following statement is true for NRR?
The main aim of agricultural census is -
byx and bxy are two regression coefficients. If byx > 0, then bxy will be -
Which of the following is not true for geometric mean?
Residual method is used to measure -
In 1949, the Chairman of National Income Committee was -
Laspeyre's formula has ___________ bias and Paasche's formula has _________ bias.