Under Perfect Competition, Consider X’s production function to be Q=(min{K,L})1/2 , the price of capital is Rs.2 and price of labor is Rs.1...
R-square is the fraction of
The Fisher Effect postulates a relationship between the nominal interest rate (i), the real interest rate (r), and the expected inflation rate (πe). If...
The Taylor Rule is a guideline for central banks setting the nominal federal funds rate (iT). If the rule is given by iT=r∗+π+0.5(π−π∗)+0.5(Y�...
If you have found the percentage of the value of sales accounted for by the four largest firms in an industry, you have found the
What is the Fiscal deficit budgeted for 2024-25 as per the Union budget?
A society in which there was garbage collection problem. But there was voluntary problem of payment so some people would participate and some wouldn’t...
What is the supply curve of a firm in Perfect Competition?