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CP:MP = 2x:3x Profit = MP – CP = 3x – 2x = x Profit% : Discount% = 3:1 Let CP = 200 and SP = (2x + x = 3x) = 300 According to question, => (3x/100)×200 + (x/100)×300 => 6x + 3x = 9x => 9x ----100 => x = 11.11% Profit % = 3×11.11% = 33.33%
Suppose your data produces the regression result y = 10 +3x. Scale y by multiplying observations by 0.9 and do not scale x. The new intercept and slope ...
The National Rural Livelihood Mission, a measure adopted by the Government to alleviate poverty, is also known as________.
Demand curve of a Monopoly firm is Q=1000-50P and the Total cost of production is TC = 50+2Q. Profit maximizing output for the firm is
What is the degree of homogeneity in case of Constant Elasticity of Substitution production function?
In a multiple regression model, the Durbin-Watson test statistic is 1.3, while the critical lower and upper values are 1.5 and 1.7 respectively. This im...
Balance of Trade is measured as:
There are two firms in the market and they follow Cournot model. The demand curve faced by them is Q = 180 – P and the marginal cost of producing the ...
The __________________test in econometrics begins by assuming that a defining point exists and can be used to differentiate the variance of the error term.
Suppose that a firm has the cost function for a plant as given below
C(w, r, q) = 0.5q(w+r)
where q is output, w is the cost of labour l a...
Calculate the value of VIF in case of Multicollinearity, if the Ri2(Coefficient of auxiliary regression on independent variables) is 0.60 and...
