Whales do not have gills; they have lungs for breathing.
Given the following data for a country:
Fiscal deficit: $50 billion
Interest payments: $15 billion
Capital expenditure: $25 bi...
Labour theory of value was propounded by
I. Adam Smith
...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...
lumpsum tax is levied on the monopolist, the burden will be borne by
Primary Deficit is
What will happen when supply elasticity is less than demand elasticity?
In two commodity worlds if one good is inferior then the other must be
Which of the following four-firm concentration ratios is most consistent with monopolistic competition?
In the context of comparative advantage, what does the term 'opportunity cost' refer to?
Sonia has decided to always spend one-tenth of her income on shoes. Her income and price elasticities of demand for shoes are
