Question
In each question below are given three statements
followed by three conclusions numbered I, II and III. You have to take the two given statements to be true even if they seem to be at variance with commonly known facts and then decide which of the given conclusions logically follows from the three given statements, disregarding commonly known facts. Statements: All writes are recitations. All poets are recitations. All recitations are gamblers. Conclusions: I. All writes are gamblers. II. All poets are gamblers. III. Some gamblers are writes.Solution
All writes are recitations. (A) + All recitations are gamblers(A) = All writes are gamblers(A). Hence, conclusion I will follow. All poets are recitations (A) + All recitations are gamblers(A) = All poets are gamblers. Hence, conclusion II will also follow.All writes are gamblers(A) β conversion β Some gamblers are write (I). Hence, conclusion III will also follow.
For an economy, if C = 400 + 0.8Yd, Yd = Y β T, T = 300 + 0.2Y , find MPC.Β
Expansion path is related to production theory similarly ________________ is related to consumption theory
In the context of India's labor market, define the Worker Population Ratio (WPR), and state the recent trend in this ratio according to the la...
The Reserve Bank of Indiaβs ongoing pilot project for the Central Bank Digital Currency (CBDC), known as the e-Rupee, handles retail transactions usin...
Which is not a fixed cost?
A call center receives an average of 3 calls per minute. The probability that exactly 0 calls will arrive in the next minute follows which distribution?
Sonia has decided to always spend one-tenth of her income on shoes. Her income and price elasticities of demand for shoes are
In a dataset, if the mean is significantly greater than the median, the distribution is most likely:
What will happen when supply elasticity is less than demand elasticity?
Suppose A consumes only 2 goods X &Y such that A exhausts all the income. Ceteris Paribus, if the price of X rises and the price elasticity of X is 1.2 ...