Question
Which law is also called the law of
inertia?Solution
"Anobjectatreststaysatrestand an object in motion stays in motion with the same speed and in the same direction unless acteduponbyanunbalancedforce."Infact,itis thenaturaltendencyofobjectsto resistchanges in their state of motion.
A profit-maximizing monopolist sets an output of 100 per day and a price of £10. Which of the following statements is true?
You have a budget of Rs. 4000 and would like to purchase LPG cylinders from a local seller who charges Rs. 50 per cylinder. The seller has a subsidy sch...
In the basic Solow model of growth
As per the regression data available: Wage = 11 + 0.24age - 0.23Illiterate + 0.14Married - 0.27Married*Illiterate, where the variables are self-e...
An economist calculated the cross-price elasticity of demand for nicknacks and gizmos and got -0.5. What can she conclude about the relationsh...
When a firm operates with excess capacity
Which of the following demand functions has unitary elasticity everywhere?
Which of the follow statements about price discrimination is not true?
Given the demand function QD=100−2P and the supply function QS=3P−50, where QD is the quantity demanded, QS is the quantity supplied, and P is the p...
Calculate Disposable income if, Consumption (C) = 200, Investment (I) = 50, Government purchases (G) = 70, Government transfer payments (TP) = 150, Taxe...
