Amount Paid to creditor 80,000 Closing Balance of creditors: 7,200 Purchased: 87,200 Spoiled:(2400) Balance: 84,800 Closing stock: (8000) Amount to be shown in I&E 76,800
Which of the following is NOT a postulate of the Classical Model of full-employment equilibrium?
GDP at market price is given by?
With fixed costs of $400, a firm has average total costs of $3 and average variable costs of $2.50. Its output is:
A country imposes a 10% tariff on imported vehicles but no tariff on imports of machinery or other inputs to the manufacture of vehicles. Suppose that u...
Which of the following statement is correct
Statement 1: Laffer Curve shows relationship between tax rates and the amount of tax revenue collect...
Consider the following Utility function U(x,y) = 9x+11y. The price of x and y are 8 and 10 respectively. The income of the consumer is 120. Calculate th...
According to the graph on the right, the equilibrium price in the market before the tax is imposed is
Consider the following production function
Y = F(K,AL) = K1/3(AL)2/3
Calculate the steady state level of output per ...
Classical economists argue that money is neutral because
An unbiased coin is tossed until a head appears. The expected number of tosses required is
