Question
The following table shows the number of cars sold by a
dealership in the first six months of the year. What was the average number of cars sold per month during this period?Solution
ATQ, Total number of cars sold = 120 + 150 + 180 + 200 + 175 + 135 = 950 Average number of cars sold per month = 960 / 6 = 160
Guess an even integer between 1 and 100 that is closest to 1/2 of the mean of the guesses, what will be the equilibrium in that case?
The economic rationale for government provision of a Merit Good (e.g., education, healthcare) often rests on which concept?
If price charged by the firm is Rs.10 and quantity sold is 15 units. Marginal cost is Rs. 5. What is the Lerner’s Index of Monopoly power?
Given the demand function QD=100−2P and the supply function QS=3P−50, where QD is the quantity demanded, QS is the quantity supplied, and P is the p...
 then the number of pure strategy Nash Eq...
X = 10Y+9 and Y = DX+8 are two regression equations of X on Y and Y on X respectively. Which of the following is true always regarding D
For which of the following consumption functions, the value of income multiplier, k=4?
Which one of the following cannons of taxation was not advocated by Adam Smith?
Which of the following statements about a firm's average cost curves is false?
