The substitution effect for a commodity is

Consider a bargaining game:

Find pure strategy Nash equilibrium.

When the slope of average cost is negative then which of the following holds true?

For an economy, if C = 400 + 0.8Yd, Yd = Y − T, T = 300 + 0.2Y , find MPC. 

What do you mean by ‘under conditions of a perfect competition in the product market’?

The dummy variable trap occurs when

Which Index number satisfies both the time reversal test and the factor reversal test?

   Consider the following production function

Y = F(K,AL) = K^1/3(AL)^2/3

If the regression coefficients of x on y and y on x are -1/4 and -1/9 respectively, then what is the correlation coefficient between x and y?

When R² = 0, the estimated line (SRF) lies