Question
A biology class at high school predicted that a local
population of animals will double in size every 12 years. The population at the beginning of the year 2021 was estimated to be 50 animals. If P represents the population after n years, then which one of the following equations represents the model of the class for the population?Solution
The correct answer is D
The reasons for L-shaped long run average cost curve is/are
The positive cross elasticity of demand between two products means the two products
Pricing decision includes
Diamond-water paradox establishes the fact that
Shifts in demand curve as shown in the figure below represents
When price elasticity of demand is unity, the total expenditure:
In case of Giffens goods, price effect is
If the firms under perfect competition have different costs, abnormal profits can be earned in the long run only by
The goods whose demand is not tied with the demand for some other goods are said to haveÂ
OPEC is an example ofÂ