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Suppose that the exchange rate of the Indian rupee appreciates by 10 per cent relative to the currencies of India’s trading partners. Over the same pe...
Laffer curve predicts what happens as tax rate rises?
The sum of squared deviation is minimum when taken from
If the economy is operating at point C, the opportunity cost of producing an additional 20 units of bacon is
Consider the following Utility function U(x,y) = 4x+5y. The price of x and y are 5 and 6 respectively. The income of the consumer is 120. Calculate the ...
For the regression specification y = α + βx + ε the OLS estimates result from minimizing the sum of
...Which of the following is not an example of market failure?
For fixed proportion production function, the elasticity of substitution is
What is the standard error of regression y on x when the standard deviation of y is 2 and the coefficient of determination is 0.36
In a situation when MRS>Px/Py, the consumer would react by:
