Question
A dataset has a median of 18 and a range of 64. What is
the maximum value of the dataset?Solution
Maximum value = median + range/2 Substituting the given values, we get: maximum value = 18 + 64/2 maximum value = 18 + 32 maximum value = 50 Therefore, the maximum value in the dataset is 50
Consider the following Utility function U(x,y) = 9x+11y. The price of x and y are 8 and 10 respectively. The income of the consumer is 120. Calculate th...
The costs of inflation are?
What is the projected inflation rate for India by FY25 as per the Economic Survey 2023-24?
Labour theory of value was propounded by
                               I.           Adam Smith
...When the expected future marginal product of capital increases, then the IS curve  Â
Assertion (A): There is a natural tendency to collude under oligopoly.
Reason (R) : Inter-dependence of firms in oligopolist...
Consider the following set of data:
{23.32 32.33 32.88 28.98 33.16 26.33 29.88 32.69 18.98 21.23 26.66 29.89}
Which of the following steps can be taken to reduce current account deficit in India?
1. Setting the import quota limits
2. reducing expo...
 The Laffer Curve in a labor market context illustrates the relationship between:
Economists generally believe that making assumptions isÂ
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