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Distances- =60 mph × 6 hrs. = 360 miles =50 mph 6 hrs. = 300 miles Total distance =360 miles + 300 miles = 660 miles Total time = 6 hrs. + 6 hrs. = 12 hrs. Average speed =660 miles /12 hrs. =55 mph
Which of the following Herfindahl-Hirschman Index is most consistent with monopoly?
Which of the following four-firm concentration ratios is most consistent with perfect competition?
Let X and Y represent prices in Rs of a commodity in Kolkata and Mumbai respectively. It is given X(bar) = 65, Y(bar) = 67, standard deviation...
In a study examining the relationship between hours of study (X) and test scores (Y) of students, a bivariate regression analysis was conducted. The fol...
What is the value of elasticity of substitution in case of Cobb Douglas function?
Calculate the predicted value of X when Y is 20
X: 16, 54, 35, 25, 44, 51
Y: 5, 17, 11, 8, 14, 5
...In which of the following models, price is driven down to marginal cost?
A country imposes a 10% tariff on imported vehicles but no tariff on imports of machinery or other inputs to the manufacture of vehicles. Suppose that u...
If investment is not responding to change in interest rate, then which of the following is true?
Assume that there are equal numbers of male and female students in a university. Of all male students, 10 per cent major in economics; and of ...