Question
Which city is known as the 'Manchester of the
East'?Solution
Kanpur is known as the 'Manchester of the East' due to its significant textile industry.
An economist calculated the cross-price elasticity of demand for nicknacks and gizmos and got -0.5. What can she conclude about the relationsh...
If elasticity is ‘e’, and price of the product is B, MR=?
When we say that the estimator is BLUE. What does best signify here?
The Indirect Utility function is = 12M3/27PxPy, where M is the income, P(x) is the price of commodity X and P(y) is the price of commodity Y....
Expansionary fiscal policy in the classical model will cause aggregate demand to-----potential output?
A perfectly competitive firm was given, P = 60 and TC = Q2 + 8Q + 10. Now price decreases to 54, what is the change in profit?
Consider an exchange economy with two agents, 1 and 2, and two goods, X and Y. Each agent's consumption set is in +R2. The endowments of agents 1 and 2 ...
Which of the following best describes the short-run Aggregate Supply (AS) curve in the presence of sticky wages?
