Question
Which one of the following crop yields both oil and
fiber?Solution
Linseed or flax plant is used for both oil extraction as well as for fiber.Â
A consumer has utility function given by : u{x1,x2} = min {2x1+x2, x1+2x2}. Given income m = 100, prices p1 = 20, p2 = 30, the amount of x1 in...
Value Added Tax (VAT) is an example of:
Given the demand function QD=100−2P and the supply function QS=3P−50, where QD is the quantity demanded, QS is the quantity supplied, and P is the p...
According to the Kuznets Hypothesis, as a country undergoes economic development and its per capita income rises, the level of income inequality typically:
Assume that there are equal numbers of male and female students in a university. Of all male students, 10 per cent major in economics; and of ...
According to the Capital Asset Pricing Model (CAPM), the expected return on a security is determined by:
Which of the following functions has a degree of homogeneity not equal to unity?
The median is considered a better measure of central tendency than the mean when:
In a monopolistically competitive market, firms earn zero economic profit in the long run primarily because of:
What is the investment multiplier when the marginal propensity to consume is 0.60 and the marginal propensity to import is 0.10?
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