I. 14p² + 9p - 8 = 0 14p² +16p -7p - 8 = 0 ⟹ 2p (7p + 8) - 1(7p + 8) = 0 ⟹ (2p - 1)(7p + 8)= 0 ⟹ p = 1/2, -8/7 II. 4q² - 19q + 12 = 0 ⟹ 4 q² - 16q - 3q + 12 =0 ⟹ 4 q(q - 4) - 3(q - 4)= 0 ⟹ (4q - 3) (q - 4)= 0 ⟹ q =4, 3/4 Hence p < q.
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 ...