Question
Which of the following sign (sign) is used in spherical
mirrors and lenses?Solution
The New Cartesian Sign convention is used in spherical mirrors and lenses to determine the signs for distances, focal lengths, and heights in geometric optics.
GDP= 12000, tax rate was 15% of GDP, Private savings was 12% of GDP and public savings was 360. Find consumption level of closed economy.
Which method is used by Hicks to eliminate the income effect when price of a product is changed
Consider two independent random variables: X~N(5, 4) and Y~N(3, 2). If (2X + 3Y)~N(μ, σ2), then the values of mean (μ) and variance (�...
If a tax is placed on the product in this market, tax revenue paid by the buyers is the area
Short-run returns to fixed supply of factor of production are known as
A consumer has utility function given by : u{x1,x2} = min {2x1+x2, x1+2x2}. Given income m = 100, prices p1 = 20, p2 = 30, the amount of x1 in...
For Cobb-Douglas production function the elasticity of substitution is
Consider an economy described by the following equations:
C = 100 + 0.6 ∗ (Y − T) (consumption function)
According to the Mundell-Fleming model for a small open economy with flexible exchange rates, if the Federal Reserve cannot alter domestic int...
A profit-maximizing monopolist sets an output of 100 per day and a price of £10. Which of the following statements is true?
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