Question
A firm sells 40 units of commodity X when its price is 10. At what price it will sell 60 units of the commodity if its price elasticity of supply is 0.8.
More Research Questions
- For the given data, n=20, X̅ = 40, Y̅ = 60, ∑(X-10)2 = 100, ∑(Y-30)2 =160 and ∑(X-10)*(Y-30) = 80. Calculate the regression coefficient of Y on X
- Which of the following statement is correct? 1. If autoregressive parameter (p) in an ARIMA model is 1, it means that there is no auto-correlation in the...
- Endogenity is associated with which of the following ?
- The substitution effect for a commodity is
- The subsidies that are trade distorting comes under which box of WTO?
- For an economy, the required per capita growth rate is 7% , the population growth rate is 3% . Calculate the saving rate for a capital output ratio ...
- Of 10 computer chips, 4 are defective. What is the probability of selecting 3 without replacement, only one of which is defective?
- A worker’s wage in 1996 was Rs.180. What should be the wage in 1999 so that the worker remains at the same level of consumption? [Consider 1995 as the base...
- The Harrod-Domar Growth Model emphasizes the importance of saving and capital accumulation for economic growth. The model concludes that the rate of output...
- Which of the following is a key objective of India's New Industrial Policy 2019-2024?
Hey! Ask a query
Please enter email id
The email must be a valid email address.
Please enter Mobile Number
Please enter valid Mobile Number
Please enter your Doubt
