In Stage III of Law of Diminishing marginal returns, the value of Elasticity of production is
In Stage III of Law of Diminishing marginal returns, the value of Elasticity of production is less than zero, E<0.
What is the output elasticity of labour in the following production function?
Q = 10L0.5K0.5
Market failure is the inability of
If the expected value of the error is not zero, it is a problem only if this expected value is
The theory of comparative advantage in a two−country, two−commodity world can only work if
Probability that A will be alive in 20 years is 0.7 and probability that B will be alive in 20 years is 0.6, then what is the probability that they bo...
Zia wants to increase total revenue at his restaurant. The price elasticity of demand for several dishes that he serves are given in the table...
For an economy, the required per capita growth rate is 7% , the population growth rate is 3% . Calculate the saving rate for a capital output ratio of ...
If a country’s policy makers were to continuously use expansionary monetary policy in an attempt to hold unemployment below the natural rate the long-...
In the Classical model, if there is an increase in aggregate demand, what will be the long-run effect on output and prices?
A firm should increase investment when :
