Question
Avg of 8 numbers = 45. One wrong number 56 replaced by
60. Find new avg.Solution
ATQ, Total = 8×45 = 360 New sum = 364 New avg = 364/8 = 45.5
The marginal cost of production is MC=0.3x+4, determine the cost involved to increase production from 70 to 100 units.
If the money supply grows 5 per cent, and real output grows 2 per cent, prices should rise by
In a multiple linear regression model, the presence of perfect multicollinearity among the explanatory variables will primarily result in which of the f...
Which one of the following is not an assumption of Classical Linear Regression Model
COR = 5:1, Savings rate = 12.5%, Population growth rate = 2.5%. Find growth rate of output.
In the Liquidity Preference Theory, the demand for money for speculative motives is:
Which of the following is a property of a normal distribution?
India traditionally runs a large Merchandise Trade Deficit (Goods). What is the key component that typically counteracts this to keep the Current Accoun...
Under nominal wage rigidity, the short run aggregate supply schedule will be
Expansion path is related to production theory similarly ________________ is related to consumption theory
