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The Finance Commission is a constitutional body that defines the financial relations between the central government and the state governments in India. It is constituted by the President under Article 280 of the Indian Constitution every five years or earlier as necessary.
Let the utility function of a consumer be given by U(x,y) = min {y+2x, x+2y}. Prices are given by Px=1, Py=3, while the consumer’s income is...
Under Monopoly the supply curve is absent because?
Since the 1980s, Wal-Mart stores have appeared in almost every community in America. Wal-Mart buys its goods in large quantities and, therefore, at chea...
Refer the following table. How many students scored up to 40 marks?
In a model with two goods, x & y, with x plotted on the horizontal axis, the price consumption curve generated by changing the price of x is parallel to...
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...
In a frequency distribution the last cumulative frequency is 500. Q3 must lie in?
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 ...
Find the value of Lerner index if P=10 and MR= 5
Which of the following functions has a degree of homogeneity not equal to unity?
