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ATQ, If 8 workers make 8 motorcycles in 8 days, each worker makes 1 motorcycle in 8 days. Now, let’s see how many motorcycles 4 workers can make in 4 days: 1 worker makes 1/8 of a motorcycle in 1 day. So, 1 worker makes 4/8 (which is 1/2) of a motorcycle in 4 days. If 1 worker makes 1/2 a motorcycle in 4 days, 4 workers will make 4 times as much in 4 days, because there are 4 of them: 4 workers make 4 x (1/2) = 2 motorcycles in 4 days.
The H.M. and G.M. of a distribution are 8 and 10 respectively. Then the A.M. is
Refer to the below given table
Coeffic...
The value of expenditure multiplier when marginal propensity to save is 0.4 is
If positive income effect is less than the substitution effect: the product will be
According to the Solow Model, which factor is primarily responsible for sustained economic growth in the long run?
If X(bar) = 25, Y(bar) = 120, bxy = 2. Find the value of X when Y=130?
____ in reserve requirements ____ the money supply since it causes the money multiplier to ____.
Type II error occurs when
The relationship between the unemployment rate and the gross national product is depicted by