Question
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. Calculate the profit made by the firm if the price of the product is Rs.60Solution
What is the supply curve of a firm in Perfect Competition?
A wholly owned subsidiary of the Reserve Bank is responsible for the production of bank notes and manages 2 presses, one each in Mysore and Salboni res...
Factor endowment theory is also known as
a. Modern theory of international trade.
b. Classical theory of...
The 2nd phase (diminishing returns to a factor) is exhibited by the following total product sequence:
Let X and Y be two related variables. The two regression lines are given by x-y+1=0 and 2x-y+4=0. The two regression lines pass through the point:
What did the Securities and Exchange Board of India (Sebi) approve regarding settlement and market regulations?
Which of the following could be a remedy for Multicollinearity Problem?
If rxy = 0.4, then r(2x, 2y) is equal to:
Holly, Brian, Fred, Tracy, and Melanie have income elasticities for veggie burgers as given below:
Person Income elasticity o...
A Lerner Index of 0 indicates which of the following market conditions?
