For 3 years, taking cube rootsFor 3 years, taking cube roots = ∛512 = 8 = ∛729 = 9 Rate of interest = (difference of amount)/(first amount)× 100 = (9 - 8)/8 × 100 = 12.5% per annum
For which of the following consumption functions, the value of income multiplier, k=4?
Approximately what is the Coefficient of Variation of first 50 natural numbers ?
Market failure is the inability of
All of the following curves are U-shaped, except the
A firm finds that for the product it produces, its (own) price elasticity of demand is 4. Currently, the firm is selling 1000 units per month at Rs. 5 p...
For any given price, a firm in a competitive market will maximize profit by selecting the level of output at which price intersects the
When a straight-line demand curve is tangent to curvilinear demand curve then the elasticity of the curves at point of tangency is
Consider a Solovian economy with the aggregate production function Yt = K1/2l1/2 . The initial size of the population is 10...
Suppose demand and cost function of a monopolist are Q = 5 – 0.25P and C = 4Q+2. If government imposes a tax @10% of sales. What is the total tax ...
