Question
If Mean is 39, Median is 40, what is the value of Mode?
Solution
3Median = 2Mean + Mode 3(40) = 2(39) + Mode Mode = 42
Of 10 computer chips, 4 are defective. What is the probability of selecting 3 without replacement, only one of which is defective?
For a monopoly firm, which of the following equalities is always true?
What is the effective tariff rate on the commodity, when no imported inputs are used?
If factor prices equal, slope of isoquant
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....
Which of the following statements is NOT CORRECT in the context of an Open Economy IS-LM Model under Floating Exchange Rate (with fixed price) and Perfe...
How do expected inflation and changes in payment technology affect money demand?
In a perfectly competitive market, a firm’s long run supply curve is
State Hotelling's Rule (or the Hotelling Principle) for the extraction of a non-renewable resource. What is the economic significance of the "user cost"...
In the standard IS-LM model, an increase in Government spending (G) without changing taxes has
