Question
Statements: J > K > M ≤ N < O; M > P > L
Conclusions: I. J > L II. P < O III. J > O In the question, assuming the given statements to be true, find which of the following conclusion(s) among the three conclusions is/are definitely true and then give your answer accordingly.Solution
J > K > M > P > L       J > L. Hence conclusion I is true. P < M ≤ N < O                   O > P. Hence conclusion II is not true. J > K > M ≤ N < O             No relationship can be established between J and O. Hence conclusion III is true.
Which of all the following is not an assumption of Marshall Consumer Theory of Demand?
The burden of a tax that is shifted forward to consumers through higher prices is known as:
Which growth model inspired the use of the capital-output ratio for development planning?
In the Balance of Payments (BoP) accounting, a surplus in the Current Account must be matched by:
If X and Y are independent random variables and Var(X)=Var(Y)=4, then find Var(2X-3Y+1)?
  What is the marginal rate of income...
A consumer purchases x1 = 40, x2 = 20 at the prices p1 = 4 and p2 = 12. He is also observed to purchase x1 = 36 and x2 = 8 at the prices p1 = 6 and p2 =...
Which of the following is a property of a normal distribution?
An increase in the expected rate of inflation
Commodity X and Y have an equal price elasticity of supply. The supply of X rises from 400 units to 500 units due to a 20 percent rise in its price. Cal...
