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The National Statistical Office (NSO), under the Ministry of Statistics and Programme Implementation, released data indicating that the real GDP growth for the fiscal year 2023-24 is estimated at 7.3 percent, slightly higher than the 7.2 percent recorded in 2022-23.
A consumer purchases x1 = 40, x2 = 20 at the prices p1 = 4 and p2 = 12. He is also observed to purchase x1 = 36 and x2 = 8 at the prices p1 = 6 and p2 =...
Walraw’s Law states the following:
The distribution of heights of American women aged 18 to 24 is approximately normally distributed with a mean of 65.5 inches and standard deviation of 2...
Which of the following statement is correct
Statement 1: Laffer Curve shows relationship between tax rates and the amount of tax revenue collect...
The profit-maximizing monopolist will choose the price and quantity represented by point
In a perfectly competitive market, a firm’s long run supply curve is
If the marginal product function of quibs is positive from 0 to 25 units of quibs, and 0 for 25 units of quibs and above, the total product function of ...
If the sum of the product of the deviation of X and Y from their means is zero, the correlation coefficient between X and Y is:
The utility function of X is such that X likes to consume 2 units of lemon with every 1 liter of water. The price of lemon is Rs.1.00 and that of 1 lite...
If one’s consumption of a good does not diminish the quantity of good available for consumption by someone else, the consumption is__________. <...
