A consumer's optimal bundle is located at the point of tangency between the budget line and ________.
The optimum bundle of the consumer is located at the point where the budget line is tangent to one of the indifference curves. The indifference curve is a geometrical device developed by J.R. Hicks and R.G.D. Allen in the article “A Reconsideration of the Theory of Value”.
The Fisher Effect assumes that the
The fiscal deficit is the difference between the government’s total expenditure and its total receipts excluding ______
Backward bending labor supply curve is because of
If a tax on a good is doubled, the deadweight loss from the tax
If rxy = 0.75, then ryx will be:
The long-run Phillips Curve is ____________ Which indicates
Which of the following statements is incorrect regarding Phillips’s curve?
Approximately what is the Coefficient of Variation of first 50 natural numbers ?
Elistan can produce either 5 monster trucks or 10 cans of silly string in a day. What is the opportunity cost of one can of silly string?
A researcher has to consult a recently published book. The probability of it being available is 0.5 for library A and 0.7 for library B. Assum...