Question
Fill in the blank with the most suitable option.
Because the senator was known for her ___________ nature, her colleagues were completely shocked when she suddenly erupted in anger during the committee hearing.Solution
The sentence says the senator rarely shows anger and is known for a calm nature. Phlegmatic = calm, unemotional, slow to anger → perfect fit. volatile — unpredictable; quick to change mood. phlegmatic — calm, unflappable; not easily angered. fractious — irritable, quarrelsome. mercurial — highly changeable in mood. dogmatic — rigidly opinionated.
If demand is price inelastic, then
What is the value of elasticity of substitution in case of Cobb Douglas function?
Demonetization refers to
Consider the following:
Statement 1: There exists an inverse relationship between market rates of interest and price of bond
Statement 2...
If a tax is placed on the product in this market, tax revenue paid by the buyers is the area
If one’s consumption of a good does not diminish the quantity of good available for consumption by someone else, the consumption is__________.
...C= 0.8(1-t)Y , t=0.25, I=200 and G=800. Calculate the change in output when tax rate increases to 0.50
If Y is preferred over X lexicographically. If income is 100 and price of x=1 and price of y is10, then at optimal bundle the total amount of X is
When C = 200 + 0.75(Y − T), I = 200 − 25r, G = 100, T = 100. Find IS curve function.
A company using first-degree price discrimination has a demand curve given by P=100−2Q. If the marginal cost of production is $10 per unit, what is th...
