A profit-maximizing monopolist sets an output of 100 per day and a price of £10. Which of the following statements is true?
Consider the following Utility function U(x,y) = 4x+5y. The price of x and y are 5 and 6 respectively. The income of the consumer is 120. Calculate the ...
Concepts of displacement and concentration effect in public expenditure are attributed to
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A.C. Pigou an...
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Under a fixed exchange rate system (A)_________ would be an exogenous monetary policy instrument, whereas under a flexible exchange rate system (B) ____...
Which of the following is NOT a postulate of the Classical Model of full-employment equilibrium?
Match the following
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Which of the following statements is true regarding the GDP deflator?
A card is drawn randomly from a deck of ordinary playing cards. You win Rs.900 if the card is a spade or a king. What is the probability that you will w...
A profit-maximizing monopolist finds that if it remains open, the best output is 50 a week, but at this output it would make a loss. Under what circumst...
If quantities of all commodities change in the same proportion then
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