Question
A Lerner Index of 0 indicates which of the following
market conditions?Solution
A Lerner Index of 0 indicates perfect competition, where the price equals marginal cost, and firms have no market power to mark up prices above its cost. Formula of Learner index is à L= ((P-MC)/P) = 1/e, where e is the price elasticity of demand.
What is the code for the word ‘silence situation’?
- In a certain code language, ‘PROMOTION’ is coded as ‘32 36 30 26 30 40 18 30 28’ then, what is the code for ‘GORGEOUS’ in the same code languag...
In a certain code language, ‘WATER’ is written as ‘61058’, and ‘MUSIC’ is written as ‘32993’. How will ‘FLOUR’ be written in that la...
What is the code for ‘eight’?
Which of the following code for ‘make rapid’?
QEWIUT
IF 'SHAPER' is coded as 'EDVGKC', how will ‘HEIGHT’ be coded as in the same code?
Who among the following person attends the class two persons after Y?
Which of the following of code is ‘to when’?
What is the code for “care story‟ in the given code language?
